Updating the California Necessities Index

Aug 14, 2025 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5065

Updating the California Necessities Index [Publication Details]

Aug 14, 2025 - Recent changes were made to the publication of statistics required to calculate the California Necessities Index, which is used to adjust certain benefit rates and cost-of-living adjustments. In this brief, we provide details on the changes and evaluate alternatives for the index that require only currently available data and conform to the original intent of the index.
https://lao.ca.gov/Publications/Detail/5065

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - In particular, fuel tax reductions would need to be enacted 60 to 90 days before they could go into effect. What Are the Key Fiscal and Policy Trade ‑Offs? In prioritizing relief, the Legislature will also need to balance this against its other budget and policy aims.
https://lao.ca.gov/Publications/Report/4597

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/5130

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - For smooth implementation, the Department of Tax and Fee Administration (CDTFA) generally advises state and local lawmakers to enact sales and excise tax rate changes at least 90 days before they go into effect.
https://lao.ca.gov/Publications/Report/4528

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - To address this, the 2021, 2022, and 2023 budget acts each provided one-time funding of $120  million for a grant program to supplement the tax credit. The Governor ’s budget proposals in 2024 and 2025 each included $60  million to fund the grant program but were not included in the final budget act due to projected deficits in those years.
https://lao.ca.gov/Publications/Report/5162

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Without this proposal, IBank currently anticipates having around $60  million in ISRF funds available to loan to public agencies in 2024-25. ISRF loans have exceeded $60  million multiple times in recent years ($95  million in 2018-19 and $86  million in 2022-23), which points to a need for additional cash, perhaps around $50  million, should they wish to avoid turning away eligible borrowers in 2024-25.
https://lao.ca.gov/Publications/Report/4846

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - One-quarter of Californians live in a jurisdiction that paid rebates in 2023-24. Focusing on these areas, Figure  3 displays the distribution of rebate payments across jurisdictions, weighted by the number of residents.
https://lao.ca.gov/Publications/Report/5074

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - For example, while total consumer spending in California declined by 4  percent in 2020, spending at restaurants declined by 18  percent and spending at theatres and museums declined by 60  percent. Fiscal Effects of Conformity Have Significant Uncertainty.
https://lao.ca.gov/Publications/Report/4501

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - The 2022-23 budget provided $25  million one-time General Fund for the program within the California Office of the Small Business Advocate (CalOSBA) to be spent in 2022-23 and 2023-24. Grant Applications Were Evaluated by Contractor REDF.
https://lao.ca.gov/Publications/Report/5018