The 2023-24 Budget: Multiyear Budget Outlook [Publication Details]

May 23, 2023 - The 2023-24 Budget: Multiyear Budget Outlook [Publication Details] Description: This brief presents our office’s independent assessment of the condition of the state General Fund budget through 2026‑27 under our forecast of revenues and spending, assuming the Governor’s May Revision policies were adopted.
https://lao.ca.gov/Publications/Detail/4772

The 2023-24 Budget: California's Film Tax Credit [Publication Details]

Feb 28, 2023 - The 2023-24 Budget: California's Film Tax Credit [Publication Details] Description: This brief surveys research on the economic effects of state film tax credits and analyzes the Governor's proposal to extend California's film tax credit for five years.
https://lao.ca.gov/Publications/Detail/4713

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - In the wake of the Great Recession, a number of states eliminated their programs. Nonetheless, 37 states currently have active film tax  incentives. Recent Expansions in Other States. According to the National Conference of State Legislatures, at least ten states created or expanded film tax incentives in 2021.
https://lao.ca.gov/Publications/Report/4713

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - State law requires taxpayers to pay income taxes as they earn income. Most taxpayers meet this requirement through income tax withholding that is taken out of their regular paycheck. Businesses and some individuals with significant capital gains or other nonwage income instead make quarterly estimated tax payments to meet this state requirement.
https://lao.ca.gov/Publications/Report/4722

The 2023-24 Budget: Considering Inflation's Effects on State Programs [Publication Details]

Nov 16, 2022 - The 2023-24 Budget: Considering Inflation's Effects on State Programs [Publication Details] Description: This brief takes a case study approach to examine how elevated inflation has already impacted—and could continue to impact—state spending programs.
https://lao.ca.gov/Publications/Detail/4647

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Other benefit costs—such as for pensions, retiree health, and employee health benefits—also tend to increase with inflation. For example, state costs for retiree health are driven by the number of retirees receiving the benefit and the cost of health premiums.
https://lao.ca.gov/Publications/Report/4647

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Other unusual questions relate to: (1)  disaster unemployment assistance, a special federal program for workers in disaster areas; (2)  pension income; (3)  workers ’ compensation and disability benefits for injured workers; (4)  the worker ’s prospects of starting a self ‑employment business; (5)  whether the worker is the officer of a private corporation; (6)  whether the
https://lao.ca.gov/Publications/Report/4615

Improving California’s Unemployment Insurance Program [Publication Details]

Aug 8, 2022 - California's Unemployment Insurance (UI) program provides wage replacement to unemployed workers. The program has faltered during recent downturns, causing hardship for workers and their families, holding back the state's economic recovery, and spurring frustration among Californians with their government.
https://lao.ca.gov/Publications/Detail/4615

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - The data come from the state ’s Metrc “track and trace” system for licensed cannabis. In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2021.
https://lao.ca.gov/Publications/Report/4608

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options [Publication Details]

May 12, 2022 - In response to increasing prices across the economy—particularly fuel prices—the Legislature is contemplating a number of policies for providing fiscal relief to Californians. In this post, we identify key questions for the Legislature to consider when analyzing the merits of the options proposed by the Governor and in designing its own relief package.
https://lao.ca.gov/Publications/Detail/4597