The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The proposal assumes the grant increase would go into effect October 1, 2019 and cost $ 348  m illion in 2019 ‑20. Full ‑year costs are expected to be $ 455  m illion in 2020 ‑21. The administration ’s proposal differs from the Legislature ’s plan both in terms of the grant amount and the timing.
https://lao.ca.gov/Publications/Report/3916

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

Jan 13, 2020 - Under the Governor ’s budget, the minimum guarantee is up $ 302  m illion in 2018 ‑19 and $ 517  m illion in 2019 ‑ 20 c ompared to the estimates from the 2019 ‑ 20 b udget package. For 2020 ‑21, the administration estimates the minimum guarantee is $ 84  b illion, an increase of $2. 5  b illion ( 3  p ercent) over the revised 2019 ‑ 20 l evel.
https://lao.ca.gov/Publications/Report/4135

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - For awards made between 2014 and 2020, the recapture rate is almost 55  percent. This indicates that around half of the net job increases and investments promised in negotiated agreements ultimately never come to fruition or are not maintained long term.
https://lao.ca.gov/Publications/Report/5162

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

Feb 19, 2026 - However, Proposition  19 (2020) allows certain homeowners (such as people who are 55 years or older) to transfer their existing home value for property tax purposes to a new home anywhere in the state.
https://lao.ca.gov/Publications/Report/5130

Community Land Trust Property Tax Exemption

Dec 20, 2024 - Community Land Trust Property Tax Exemption December 20, 2024 Community Land Trust Property Tax Exemption Properties used to provide affordable housing to low-income Californians generally are exempt from property taxes.
https://lao.ca.gov/Publications/Report/4946

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - In a November 2022 referendum, voters approved Chapter  34 of 2020 (SB  793, Hill), which bans most sales of flavored tobacco products. ( “Flavored ” refers to non ‑tobacco flavors, such as menthol cigarettes or fruit ‑flavored e ‑cigarettes.)
https://lao.ca.gov/Publications/Report/5132

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Next, we examine some economic and demographic features of two groups of jurisdictions: (1)  those whose 2023-24 rebate payments totaled $1 to $20 per resident, and (2)  those whose rebate payments totaled more than $20 per resident.
https://lao.ca.gov/Publications/Report/5074

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations

Feb 14, 2019 - The administration has not yet decided how adjustments to the fixed allocations will be determined in 2020 ‑21 and beyond. LAO Comments Assessment of 2019 ‑20 Proposal 2019 ‑20 Proposal Is Reasonable.
https://lao.ca.gov/Publications/Report/3939

An Update on California’s Cash Management Situation

Aug 31, 2020 - Meanwhile, the state ’s 2020-21 budget package took steps to begin payment deferrals to schools at the end of 2019-20. As a result, payments to schools in June of 2020 were only $300  million, compared to $6  billion anticipated earlier this year.
https://lao.ca.gov/Publications/Report/4266

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

Jan 26, 2022 - California tax law allows busines s taxpayers to carry forward such NOLs for up to  20  years. NOL Suspension Affects About 4,000 Taxpayers. Assembly Bill 85 suspended the use of NOL deductions by corporations and individuals that have net business income over $1  million  for 2020, 2021, and 2022.
https://lao.ca.gov/Publications/Report/4500