California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

Cal Facts: 2016

Dec 5, 2016 - Young students are most likely to have speech impairments, whereas older students are most likely to have learning disorders such as dyslexia. For students with disabilities, schools must develop individual education plans that set forth the extra support (such as language therapy) to be provided.
https://lao.ca.gov/Publications/Report/3511/2

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - For California, the dot ‑com era —when stocks rose and then fell precipitously in response to widespread adoption of the internet —offers the most salient example. The internet has proven to be a transformative technology and, yet, the stock market ’s initial reaction was clearly overly exuberant.
https://lao.ca.gov/Publications/Report/5091

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - We expect: ( 1)  t he population of children and young adults to decline, ( 2)  t he population of those in their prime working years to remain relatively flat, and ( 3)  t he population of seniors to increase significantly.
https://lao.ca.gov/Publications/Report/3896

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Health Care Coverage Extends Full ‑Scope Medi ‑Cal Coverage to Income ‑Eligible Young Adults Regardless of Immigration Status. The Governor ’s budget proposes to extend full ‑scope Medi ‑Cal coverage to all young adults ages 19 t hrough 25 r egardless of immigration status.
https://lao.ca.gov/Publications/Report/3916

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - Families with young children but with no earners were not eligible for the YCTC. The budget agreement makes these families now eligible for the $1,000 YCTC. The estimated cost of this tax change is $55  million annually.
https://lao.ca.gov/Publications/Report/4626

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - Under the Governor ’s proposed diaper exemption, parents throughout the income distribution would save some money while their children are very young. At most, parents would save 10.5  percent when purchasing diapers.
https://lao.ca.gov/Publications/Report/4040

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - For example, we believe the Governor ’s proposal to expand Medi-Cal coverage to income-eligible young adults regardless of immigration status may overstate the likely costs, especially in the first year.
https://lao.ca.gov/Publications/Report/4003

The 2016-17 Budget: Overview of the Governor's Budget

Jan 11, 2016 - The Governor proposes to redirect $1.7  billion in Proposition  98 funds to create a new block grant intended to benefit low –income and at –risk preschoolers (four year olds and young five year olds).
https://lao.ca.gov/Publications/Report/3324

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769