The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Placing a limit on how quickly the pool of recycled credits can be drawn down could smooth increased fiscal impacts over a longer period. Alternatively, the total size of the California Competes credit pool could be capped to place an upper limit on the fiscal impact of a full drawdown.
https://lao.ca.gov/Publications/Report/5162

Building Reserves to Prepare for a Recession

Mar 7, 2018 - These deposits were made in the 2006 ‑07 and 2007 ‑ 08 e nacted budgets when the economy was still expanding, but were quickly used to address budget deficits that emerged later on in the 2007 ‑08 fiscal year.
https://lao.ca.gov/Publications/Report/3769

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Which Potential Policies Could Be Implemented Quickly and Efficiently? If one of the Legislature ’s goals is to provide timely relief to Californians, it also will want to consider which policies can be implemented quickly and efficiently.
https://lao.ca.gov/Publications/Report/4597

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Viewed alongside the state ’s competing priority to deliver payments quickly and easily, the benefits of this level of emphasis may not justify the costs these practices carry for other eligible workers.
https://lao.ca.gov/Publications/Report/4615

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Miller, Keaton and Boyoung Seo (2019). “Tax Revenues When Substances Substitute: Marijuana, Alcohol, and Tobacco. ” Mimeo, University of Oregon. National Academies of Sciences, Engineering, and Medicine (2017).
https://lao.ca.gov/Publications/Report/4125

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - As these numbers indicate, however, small agencies seem to be acquiring ZEBs more quickly than large agencies. ZEB Adoption Varies Across Agencies. As described above, aggregate ZEB purchases in 2022 seemed to compare favorably to the ICT requirements for 2023 through 2025.
https://lao.ca.gov/Publications/Report/4890

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - The amount of time will depend on both how quickly the program can be implemented as well as how quickly the new initial economic activity circulates throughout the economy. For example, a completely new program may take several years to be implemented fully.
https://lao.ca.gov/Publications/Report/4331