Updating the California Necessities Index

Aug 14, 2025 - Therefore, any measure that requires statistics on the prices of a small set of goods in metropolitan areas —which includes options A, B, and C —may be at higher risk to future BLS publication changes.
https://lao.ca.gov/Publications/Report/5065

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

Feb 28, 2023 - Evidence from state film incentives. ” Regional science and urban economics 77 (2019): 315 ‑339. Button, Patrick. “Can tax incentives create a local film industry? Evidence from Louisiana and New Mexico. ” Journal of Urban Affairs 43.5 (2021): 658 ‑684.
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - These include the state ’s food assistance program (CalFresh, 77  percent take ‑up rate), the state ’s cash assistance program (California Work Opportunity and Responsibility to Kids [CalWORKs], 60  percent), and the federal tax credit for low income tax filers (the federal Earned Income Tax Credit, 80  percent).
https://lao.ca.gov/Publications/Report/4943

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Chapter  114 of 2021 (S B  144 , Portantino) required our office to issue a report summarizing the workforce diversity information collected by the California Film Commission (CFC) and evaluate the effectiveness of the tax credit for increasing diversity.
https://lao.ca.gov/Publications/Report/5036

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Under the Governor ’s proposed budget, the state would end 2020 ‑21 with $20. 5  b illion in total reserves. This represents an increase of $1. 7  b illion from the 2019 ‑ 20 e nacted reserve level of $18. 8  b illion.
https://lao.ca.gov/Publications/Report/4135

Managing California’s Cash

Sep 3, 2019 - Effect of A B   1054 o n State ’s Cash Balances. Similar to S B  84 , A B  1054 affects the state ’s cash position by lowering internal borrowable resources relative to what they would have been otherwise.
https://lao.ca.gov/Publications/Report/4092

Building Reserves to Prepare for a Recession

Mar 7, 2018 - We estimate that revenue losses, in inflation ‑adjusted terms, totaled roughly $ 40  b illion in the 1990s (averaging $ 8  b illion per year across five years), $ 80  b illion in the early 2000s ($ 26  b illion per year across three years), and about $ 115  b illion during and after the Great Recession ($ 30  b illion per year across four years).
https://lao.ca.gov/Publications/Report/3769

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - In September 2017, the Governor signed A B  131 , which further clarified some of the changes made by A B  102 . Tax Administration CDTFA. Under the new laws, CDTFA administers most of the tax and fee programs formerly administered by BOE.
https://lao.ca.gov/Publications/Report/3796

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

Jan 26, 2022 - Chapter  39 of 2020 (A B  1577 , Burke) and Chapter  17 of 2021 (A B  80 , Burke) partially conformed state tax laws to the federal treatment of forgiven PPP loans and EIDL advance grants. Taxpayers that are publicly traded companies or did not have at least a 25  percent reduction in gross receipts are excluded from this provision.
https://lao.ca.gov/Publications/Report/4501

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - In  anticipation of a $54  billion budget problem, Chapter  8 of 2020 (A B  85 , Committee on Budget) limited the use of net operating loss deductions and business credits for 2020, 2021, and 2022 to temporarily increase tax revenue.
https://lao.ca.gov/Publications/Report/4500