Remarks to the Conference Committee on SB 123/AB 223 [Publication Details]

Jun 9, 1983 - Remarks to the Conference Committee on SB 123/AB 223 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3433

Summary of Legislative Action on the Budget Bill 1983-84 Fiscal Year [Publication Details]

Aug 1, 1983 - Summary of Legislative Action on the Budget Bill 1983-84 Fiscal Year [Publication Details] Summary of Legislative Action on the Budget Bill 1983-84 Fiscal Year Format: PDF Description: This report summarizes the fiscal effect of (1) the Budget Act for 1983-84 (SB 123)and (2) other legislation on which the budget is premised, including AB 223 and SB 813.
https://lao.ca.gov/Publications/Detail/3401

Rethinking California's Reserve Policy

Apr 10, 2025 - In March of 2004, on the heels of the dot ‑com bust, voters passed Proposition  58, which created the Budget Stabilization Account (BSA). In the 2006 ‑07 budget, the Legislature deposited $472  million into the BSA and in 2007 ‑08 deposited $1.5  billion.
https://lao.ca.gov/Publications/Report/5028

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget included $168  billion of state spending, including $123  billion in General Fund spending and $45  billion in special fund spending. The administration ’s January revenue estimates for 2015 –16 and 2016 –17 were up by billions of dollars compared to the prior year ’s budget act.
https://lao.ca.gov/Publications/Report/3487/2

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - We expect capital gains to decline somewhat in 2019 and 2020, lowering to $123 billion by 2023 due to relatively slow growth in the stock market. Corporation Tax (CT) CT Collections Surged in the Current Year.
https://lao.ca.gov/Publications/Report/4037

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

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Other downturns, such as the 2001 so-called dot-com recession, had severe fiscal implications while inflicting somewhat milder economic damage. The 2008 Great Recession had brutal effects on both the state ’s economy and budget.
https://lao.ca.gov/Publications/Report/4762

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

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Specifically, it includes a 65  percent year-to-year drop in federal fund support (from $81  million to $28  million) due to the expiration of limited-term funding, which is more than offset by a 146  percent increase in General Fund support (from $50  million to $123  million).
https://lao.ca.gov/Publications/Report/4814

The 2023-24 Budget: Multiyear Assessment

Feb 15, 2023 - Three of those —the recession in the early 1990s, the dot ‑com bust in the early 2000s, and the Great Recession —resulted in large revenue shortfalls and ensuing multiyear deficits, even for some years after each recession ended.
https://lao.ca.gov/Publications/Report/4687