Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - For example, in 2016, homeowners aged 62 t o   71 p aid median property taxes of $3,050, compared to homeowners aged 42 t o 51, who paid median property taxes of $4,450. Hold More Wealth. Because older homeowners have owned their homes for longer, the amount of home equity they hold also tends to be higher.
https://lao.ca.gov/Publications/Report/3885

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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Largest: Home Health and Personal Care Aides. As shown in Figure  1, the state ’s largest low-wage occupation consists of home health and personal care aides, who make up more than 4  percent of the state ’s overall workforce.
https://lao.ca.gov/Publications/Report/4878/1

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 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - In summary, concerning school districts, the state implemented Proposition  4 by placing nearly two ‑thirds of state aid under the districts ’ limits. Amounts in excess of these levels —including categorical aid —were placed under the state ’s limit.
https://lao.ca.gov/Publications/Report/3596

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

Building Reserves to Prepare for a Recession [Publication Details]

Mar 7, 2018 - Next, to aid the Legislature as it evaluates the Governor’s proposal, we present a framework that the Legislature can use to plan for a recession and determine a target level of reserves. Finally, we conclude with our office’s comments on the Governor’s proposed level of reserves in light of this framework and present some alternatives for legislative consideration.
https://lao.ca.gov/Publications/Detail/3769

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

California's Tax System: A Primer [Publication Details]

Apr 9, 2007 - The purpose of this primer is to address these and other tax-related questions, so as to aid policymakers and other interested parties in their tax-related deliberations and decision making. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/1649

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

Jan 14, 2019 - Over the past several years, the Legislature has focused on certain financial aid goals, including: ( 1)  i ncreasing living assistance (especially for students enrolled full time); ( 2)  e xpanding the number of Cal Grant competitive awards, as demand currently greatly exceeds supply; and ( 3)  s implifying the state ’s financial aid system.
https://lao.ca.gov/Publications/Report/3916