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

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

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The 2024-25 Budget: Overview of the Governor's Budget $3,135 $4,677 BCH = Secretary for Business, Consumer Services, and Housing Agency; HHAPP = Homeless Housing, Assistance, and Prevention Program; FHC = Family Homelessness Challenge Grants; BSCC  =  Board of State and Community Corrections; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of
https://lao.ca.gov/Publications/Report/4825/1

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 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Increases Ongoing General Fund for Universities and Student Financial Aid by $475   Million. The budget provides $331  million is for the universities and $144  million is for financial aid programs administered by the California Student Aid Commission.
https://lao.ca.gov/Publications/Report/3694/1

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - CSAC = California Student Aid Commission; DGS = Department of General Services; and TK = transitional kindergarten. Appendix 4, Figure 3 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Health and Human Services General Fund (In millions) Service provider rate reform acceleration $34 Workforce stability initiative and
https://lao.ca.gov/Publications/Report/4788/4

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Funding will be primarily used to support activities related to (1)  a new process for suspending certain medical providers, including those convicted of fraud, from the workers ’ compensation system; (2)  a new process for staying claims for payment (liens) of medical providers that have been indicted or charged with fraud; and (3)  various changes to “utilization review ”
https://lao.ca.gov/Publications/Report/3694/12

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 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - The largest include: a nearly $800 million reduction to state departments’ operation budgets, proposed to be allocated through departments’ vacancy rates; about $500 million in savings to continue an existing two‑week delay in Medi‑Cal payments; a $500 million reduction to the school facilities aid program; and a $350 million reduction to legislative district projects.
https://lao.ca.gov/Publications/Report/4825

Federal Spending in California

Jan 18, 2017 - Financial Aid to Students largely includes financial assistance to students attending institutions of higher education in California, but also includes funding veterans enrolled in vocational training.
https://lao.ca.gov/Publications/Report/3531/3