Long-Term Economic Impacts of COVID-19

Long-Term Economic Impacts of COVID-19

Full Report

Executive Summary

Press Release

FOR IMMEDIATE RELEASE
June 3, 2020
 
For Additional Information Contact:
Ethan Rarick, Executive Director
(510) 205-8042

 

Little Hoover Commission to Study the Long-Term Economic Impact of COVID-19

The Little Hoover Commission – America’s only permanent, independent citizens commission working to improve state government – will hold a series of hearings this summer to examine California’s long-term economic and fiscal challenges in the wake of the COVID-19 pandemic. The hearings will focus on identifying likely changes, their effect on state government, and how state government can best respond to support those who are impacted.

The first of three hearings will be held on Thursday, June 25, and will seek to address how the pandemic and the resulting economic dislocation will alter California’s economy over the next two to five years. The Commission will assess the potential “new normal” of work and take a look at how both businesses and individuals are economically impacted. The second and third hearings, which will focus on the fiscal impact on state government and the changes in state government organization and policy that are needed in response, will be held throughout the month of July.

All three hearings will be held by Zoom, and will be accessible from the events page on our website: www.lhc.ca.gov/events. Additional information, including witness lists, will be released later.

“The impact of the pandemic is a critical issue facing our state,” said Pedro Nava, Chair of the Little Hoover Commission. “We look forward to providing a platform for robust conversations that will contribute to long-term planning as the state looks to address the lasting economic implications of the COVID-19 pandemic.”

About the Little Hoover Commission

The Little Hoover Commission is a bipartisan, independent state oversight agency created in 1962. It is comprised of 13 appointed Commissioners, four of whom are state legislators and nine of whom are public members. Its mission is to investigate state government operations and – through reports, recommendations and legislative proposals – promote efficiency, economy and improved service.

Make sure to sign-up for our e-newsletter to receive future updates regarding our COVID-19 hearings and other efforts. You can also stay up-to-date with the Commission by following us on Twitter and Facebook.

Fact Sheet

Study Description

Agenda

Overview

The Little Hoover Commission is examining the long-term structural changes and challenges that the California economy will face over the next few years in the wake of the COVID-19 pandemic.

Preliminary data and projections suggest that the pandemic will have a far deeper impact than any of the other three deep downturns to strike California in the past 30 years – the post-Cold War recession of the early 90s, the dot-com bust of the early 2000s, or most recently the Great Recession. In May 2020, the Department of Finance estimated a budget shortfall of $54.3 billion, $13.4 billion in the current fiscal year and $40.9 billion in the upcoming fiscal year. To put this shortfall into perspective, such an amount represents roughly a third of the state’s General Fund and more than three times the balance of the Rainy Day Fund.

Within this study, the Commission will hold a series of hearings focusing on identifying the likely challenges that California will face, their effect on state government, and how state government can best respond to support those who are impacted.

If you would like more information regarding this study, please contact Ethan Rarick at ethan.rarick@lhc.ca.gov or at (916) 445-2125. To be notified electronically of meetings, events, or when the review is complete, please subscribe to Little Hoover Commission updates: https://bit.ly/LittleHooverNews

Print 
			Agenda
  • July 23
    2020
    Hearing on Long-Term Economic Impacts of COVID-19
    1:00 p.m., Join Online or By Phone Via Zoom Online: https://bit.ly
    Public Hearing
    Agenda

    1:00 p.m., Join Online or By Phone Via Zoom
    Online: https://bit.ly/3hkSZ9Z
    Toll Free Phone: (888) 788-0099
    Webinar ID: 984-6611-2036
    Password:140074

    Click here to add this event to your calendar.

    Additional details coming soon.

    Public Notice
    FOR IMMEDIATE RELEASE
    June 29, 2020
     
    For Additional Information Contact:
    Ethan Rarick, Executive Director
    (916) 445-2125
     
    Notice of Meetings
     
    On Thursday, July 9, 2020, and Thursday, July 23, 2020 the Little Hoover Commission will conduct public hearings on the long-term economic impacts of COVID-19. The meetings will be conducted via Zoom, under the provisions of the Bagley-Keene Act as revised by Governor’s Executive Order N-29-20.
     
    Members of the public are encouraged to listen to the hearings by joining online or by phone. Please see find the details for each hearing below:

    July 9, 10 a.m.
     
    Add to your calendar

    July 23, 1 p.m.:
     
     
    We highly recommend members of the public access the meeting through the Zoom app. Please visit the Zoom website for instructions on how to download the Zoom app onto a computer or smartphone.
    During the hearings, members of the public may indicate to staff that they wish to make public comment by using the “raise” hand feature in Zoom or sending an email to littlehoover@lhc.ca.gov with your question and the phone number from which you have joined the hearing. As is the Commission’s normal procedure during physical hearings, public comments will be heard at the end of the hearing, following the final agenda item, and will be limited to three minutes each.
     
    Witnesses may be taken out of order to accommodate speakers and to maintain a quorum. The hearings may be cancelled without notice.  
     
    If you need reasonable accommodation due to a disability, please contact the Little Hoover Commission at (916) 445-2125 or littlehoover@lhc.ca.gov by Thursday, July 2, 2020.
      
    Please be aware that there may be delays in responding to emails or other communications to the Commission as our staff is now working remotely due to the coronavirus epidemic. We appreciate your patience.
     
    AGENDA
    Public Hearings on Long-Term Economic Impacts of the Coronavirus Pandemic
     
    These hearings will focus on California's long-term economic consequences of the coronavirus pandemic, including how the state's economy is likely to change, which industries will suffer and which will benefit, how workers' lives will change, and how state government and policy should respond to these and other changes.
  • July 9
    2020
    Hearing on Long-Term Economic Impacts of COVID-19
    10:00 a.m., Join Online or By Phone Via Zoom Online: https://bit.l
    Public Hearing
    Agenda
    Agenda
    Hearing on Long-Term Economic Impacts of COVID-19
    10:00 a.m.
    Thursday, July 9
     
    Join Online or By Phone Via Zoom
    Online: https://bit.ly/3fazOxI 
    Toll Free Phone: (888) 788-0099
    Webinar ID: 920-1597-0236
    Password: 212431
     
    1. Fernando A. Lozano, Ph.D., Professor of Economics Pomona College and Co-Chair of Governor's Council of Economic Advisors
    2. Marianne Page, Ph.D., Director of the Center for Poverty Research at UC Davis and Member of the Governor’s Council of Economic Advisors
     
    Click here to add this event to your calendar.
    Public Notice
    FOR IMMEDIATE RELEASE
    June 29, 2020
     
    For Additional Information Contact:
    Ethan Rarick, Executive Director
    (916) 445-2125
     
    Notice of Meetings
     
    On Thursday, July 9, 2020, and Thursday, July 23, 2020 the Little Hoover Commission will conduct public hearings on the long-term economic impacts of COVID-19. The meetings will be conducted via Zoom, under the provisions of the Bagley-Keene Act as revised by Governor’s Executive Order N-29-20.
     
    Members of the public are encouraged to listen to the hearings by joining online or by phone. Please see find the details for each hearing below:

    July 9, 10 a.m.
     
    Add to your calendar

    July 23, 1 p.m.:
     
     
    We highly recommend members of the public access the meeting through the Zoom app. Please visit the Zoom website for instructions on how to download the Zoom app onto a computer or smartphone.
    During the hearings, members of the public may indicate to staff that they wish to make public comment by using the “raise” hand feature in Zoom or sending an email to littlehoover@lhc.ca.gov with your question and the phone number from which you have joined the hearing. As is the Commission’s normal procedure during physical hearings, public comments will be heard at the end of the hearing, following the final agenda item, and will be limited to three minutes each.
     
    Witnesses may be taken out of order to accommodate speakers and to maintain a quorum. The hearings may be cancelled without notice.  
     
    If you need reasonable accommodation due to a disability, please contact the Little Hoover Commission at (916) 445-2125 or littlehoover@lhc.ca.gov by Thursday, July 2, 2020.
      
    Please be aware that there may be delays in responding to emails or other communications to the Commission as our staff is now working remotely due to the coronavirus epidemic. We appreciate your patience.
     
    AGENDA
    Public Hearings on Long-Term Economic Impacts of the Coronavirus Pandemic
     
    These hearings will focus on California's long-term economic consequences of the coronavirus pandemic, including how the state's economy is likely to change, which industries will suffer and which will benefit, how workers' lives will change, and how state government and policy should respond to these and other changes.
  • June 25
    2020
    Hearing on Long-Term Economic Impacts of COVID-19
    10:00 a.m., Join Online or By Phone Via Zoom Online: https://bit.l
    Public Hearing
    Agenda
    AGENDA
    Public Hearing on Long-Term Economic Impacts of the Coronavirus Pandemic
    Thursday, June 25, 2020
    10 a.m.
     

    Join Online or By Phone Via Zoom
    Online: https://bit.ly/3e353L6
    Toll Free Phone: (888) 788-0099
    Webinar ID: 914-6740-2803
    Password: 362627

    Public Hearing: 10 a.m.
     
    1. Dr. Jerry Nickelsburg, Director of the UCLA Anderson Forecast
    2. Dr. Mark Schniepp, Director of the California Economic Forecast
    3. Kevin Klowden, Executive Director, Center for Regional Economics and California Center, Milken Institute

     

    Public Comments

     
    Public Notice

    FOR IMMEDIATE RELEASE
    June 16, 2020

    For Additional Information Contact:
    Ethan Rarick, Executive Director
    (916) 445-2125

    Notice of Meeting

     

    On Thursday, June 25, 2020, the Little Hoover Commission will conduct a public hearing beginning at 10 a.m. The meeting will be conducted via Zoom, under the provisions of the Bagley-Keene Act as revised by Governor’s Executive Order N-29-20.

    Members of the public are encouraged to listen to the hearing by joining online or by phone. Click the URL to join online: https://bit.ly/3e353L6. To join via phone, call toll free from the U.S. by dialing (888) 788-0099. The webinar ID is 914-6740-2803. The password is 362627. We highly recommend members of the public access the meeting through the Zoom app. Please visit the Zoom website at https://support.zoom.us/hc/en-us/articles/201362233-Where-Do-I-Download-The-Latest-Version- for instructions on how to download the Zoom app onto a computer or smartphone.

    During the hearing, members of the public may indicate to staff that they wish to make public comment by using the “raise” hand feature in Zoom or sending an email to littlehoover@lhc.ca.gov with your question and the phone number from which you have joined the meeting. As is the Commission’s normal procedure during physical meetings, public comments will be heard at the end of the meeting, following the final agenda item, and will be limited to three minutes each.

    Witnesses may be taken out of order to accommodate speakers and to maintain a quorum. The meeting may be cancelled without notice.  

    If you need reasonable accommodation due to a disability, please contact the Little Hoover Commission at (916) 445-2125 or littlehoover@lhc.ca.gov by Thursday, June 18, 2020.

    Please be aware that there may be delays in responding to emails or other communications to the Commission as our staff is now working remotely due to the coronavirus pandemic. We appreciate your patience.

     

    Video
Print 
		Agenda
  • July 23
    2020
    Hearing on Long-Term Economic Impacts of COVID-19
    1:00 p.m., Join Online or By Phone Via Zoom Online: https://bit.ly
    Public Hearing
    Agenda

    1:00 p.m., Join Online or By Phone Via Zoom
    Online: https://bit.ly/3hkSZ9Z
    Toll Free Phone: (888) 788-0099
    Webinar ID: 984-6611-2036
    Password:140074

    Click here to add this event to your calendar.

    Additional details coming soon.

    Public Notice
    FOR IMMEDIATE RELEASE
    June 29, 2020
     
    For Additional Information Contact:
    Ethan Rarick, Executive Director
    (916) 445-2125
     
    Notice of Meetings
     
    On Thursday, July 9, 2020, and Thursday, July 23, 2020 the Little Hoover Commission will conduct public hearings on the long-term economic impacts of COVID-19. The meetings will be conducted via Zoom, under the provisions of the Bagley-Keene Act as revised by Governor’s Executive Order N-29-20.
     
    Members of the public are encouraged to listen to the hearings by joining online or by phone. Please see find the details for each hearing below:

    July 9, 10 a.m.
     
    Add to your calendar

    July 23, 1 p.m.:
     
     
    We highly recommend members of the public access the meeting through the Zoom app. Please visit the Zoom website for instructions on how to download the Zoom app onto a computer or smartphone.
    During the hearings, members of the public may indicate to staff that they wish to make public comment by using the “raise” hand feature in Zoom or sending an email to littlehoover@lhc.ca.gov with your question and the phone number from which you have joined the hearing. As is the Commission’s normal procedure during physical hearings, public comments will be heard at the end of the hearing, following the final agenda item, and will be limited to three minutes each.
     
    Witnesses may be taken out of order to accommodate speakers and to maintain a quorum. The hearings may be cancelled without notice.  
     
    If you need reasonable accommodation due to a disability, please contact the Little Hoover Commission at (916) 445-2125 or littlehoover@lhc.ca.gov by Thursday, July 2, 2020.
      
    Please be aware that there may be delays in responding to emails or other communications to the Commission as our staff is now working remotely due to the coronavirus epidemic. We appreciate your patience.
     
    AGENDA
    Public Hearings on Long-Term Economic Impacts of the Coronavirus Pandemic
     
    These hearings will focus on California's long-term economic consequences of the coronavirus pandemic, including how the state's economy is likely to change, which industries will suffer and which will benefit, how workers' lives will change, and how state government and policy should respond to these and other changes.
  • July 9
    2020
    Hearing on Long-Term Economic Impacts of COVID-19
    10:00 a.m., Join Online or By Phone Via Zoom Online: https://bit.l
    Public Hearing
    Agenda
    Agenda
    Hearing on Long-Term Economic Impacts of COVID-19
    10:00 a.m.
    Thursday, July 9
     
    Join Online or By Phone Via Zoom
    Online: https://bit.ly/3fazOxI 
    Toll Free Phone: (888) 788-0099
    Webinar ID: 920-1597-0236
    Password: 212431
     
    1. Fernando A. Lozano, Ph.D., Professor of Economics Pomona College and Co-Chair of Governor's Council of Economic Advisors
    2. Marianne Page, Ph.D., Director of the Center for Poverty Research at UC Davis and Member of the Governor’s Council of Economic Advisors
     
    Click here to add this event to your calendar.
    Public Notice
    FOR IMMEDIATE RELEASE
    June 29, 2020
     
    For Additional Information Contact:
    Ethan Rarick, Executive Director
    (916) 445-2125
     
    Notice of Meetings
     
    On Thursday, July 9, 2020, and Thursday, July 23, 2020 the Little Hoover Commission will conduct public hearings on the long-term economic impacts of COVID-19. The meetings will be conducted via Zoom, under the provisions of the Bagley-Keene Act as revised by Governor’s Executive Order N-29-20.
     
    Members of the public are encouraged to listen to the hearings by joining online or by phone. Please see find the details for each hearing below:

    July 9, 10 a.m.
     
    Add to your calendar

    July 23, 1 p.m.:
     
     
    We highly recommend members of the public access the meeting through the Zoom app. Please visit the Zoom website for instructions on how to download the Zoom app onto a computer or smartphone.
    During the hearings, members of the public may indicate to staff that they wish to make public comment by using the “raise” hand feature in Zoom or sending an email to littlehoover@lhc.ca.gov with your question and the phone number from which you have joined the hearing. As is the Commission’s normal procedure during physical hearings, public comments will be heard at the end of the hearing, following the final agenda item, and will be limited to three minutes each.
     
    Witnesses may be taken out of order to accommodate speakers and to maintain a quorum. The hearings may be cancelled without notice.  
     
    If you need reasonable accommodation due to a disability, please contact the Little Hoover Commission at (916) 445-2125 or littlehoover@lhc.ca.gov by Thursday, July 2, 2020.
      
    Please be aware that there may be delays in responding to emails or other communications to the Commission as our staff is now working remotely due to the coronavirus epidemic. We appreciate your patience.
     
    AGENDA
    Public Hearings on Long-Term Economic Impacts of the Coronavirus Pandemic
     
    These hearings will focus on California's long-term economic consequences of the coronavirus pandemic, including how the state's economy is likely to change, which industries will suffer and which will benefit, how workers' lives will change, and how state government and policy should respond to these and other changes.
  • June 25
    2020
    Hearing on Long-Term Economic Impacts of COVID-19
    10:00 a.m., Join Online or By Phone Via Zoom Online: https://bit.l
    Public Hearing
    Agenda
    AGENDA
    Public Hearing on Long-Term Economic Impacts of the Coronavirus Pandemic
    Thursday, June 25, 2020
    10 a.m.
     

    Join Online or By Phone Via Zoom
    Online: https://bit.ly/3e353L6
    Toll Free Phone: (888) 788-0099
    Webinar ID: 914-6740-2803
    Password: 362627

    Public Hearing: 10 a.m.
     
    1. Dr. Jerry Nickelsburg, Director of the UCLA Anderson Forecast
    2. Dr. Mark Schniepp, Director of the California Economic Forecast
    3. Kevin Klowden, Executive Director, Center for Regional Economics and California Center, Milken Institute

     

    Public Comments

     
    Public Notice

    FOR IMMEDIATE RELEASE
    June 16, 2020

    For Additional Information Contact:
    Ethan Rarick, Executive Director
    (916) 445-2125

    Notice of Meeting

     

    On Thursday, June 25, 2020, the Little Hoover Commission will conduct a public hearing beginning at 10 a.m. The meeting will be conducted via Zoom, under the provisions of the Bagley-Keene Act as revised by Governor’s Executive Order N-29-20.

    Members of the public are encouraged to listen to the hearing by joining online or by phone. Click the URL to join online: https://bit.ly/3e353L6. To join via phone, call toll free from the U.S. by dialing (888) 788-0099. The webinar ID is 914-6740-2803. The password is 362627. We highly recommend members of the public access the meeting through the Zoom app. Please visit the Zoom website at https://support.zoom.us/hc/en-us/articles/201362233-Where-Do-I-Download-The-Latest-Version- for instructions on how to download the Zoom app onto a computer or smartphone.

    During the hearing, members of the public may indicate to staff that they wish to make public comment by using the “raise” hand feature in Zoom or sending an email to littlehoover@lhc.ca.gov with your question and the phone number from which you have joined the meeting. As is the Commission’s normal procedure during physical meetings, public comments will be heard at the end of the meeting, following the final agenda item, and will be limited to three minutes each.

    Witnesses may be taken out of order to accommodate speakers and to maintain a quorum. The meeting may be cancelled without notice.  

    If you need reasonable accommodation due to a disability, please contact the Little Hoover Commission at (916) 445-2125 or littlehoover@lhc.ca.gov by Thursday, June 18, 2020.

    Please be aware that there may be delays in responding to emails or other communications to the Commission as our staff is now working remotely due to the coronavirus pandemic. We appreciate your patience.

     

    Video