California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Roughly one-quarter have some college education but do not hold a bachelor ’s degree. In contrast, roughly three-quarters of mid-to-high-wage workers attended college, and half hold a bachelor ’s degree.
https://lao.ca.gov/Publications/Report/4878/1

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Nonetheless, finance and real estate companies often hold significant assets. Figure  3 shows that financial companies own 55  p ercent —nearly $ 18  t rillion in 2017 —of the total assets owned by all LLCs and partnerships.
https://lao.ca.gov/Publications/Report/4207

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - (Corporations previously avoided paying federal tax on these profits by holding them overseas.) Once this one-time tax is paid, corporations may bring these profits back to the U.S. any time (without paying any additional federal taxes).
https://lao.ca.gov/Publications/Report/3830

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The state ’s economic policies should reflect the fact that many workers hold relatively low-wage jobs through middle age and beyond.
https://lao.ca.gov/Publications/Report/4878/2

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Although there were variations in the provisions contained in the various agreements, generally, the agreements sought to achieve budgetary savings by (1) essentially holding flat salary costs through Personal Leave Program 2025 and (2) suspending the employer and, in most cases, employee contributions to prefund retiree health benefits for at least two years.
https://lao.ca.gov/Publications/Report/5081/

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Whether the worker holds multiple jobs. The worker ’s gender. The worker ’s race/ethnicity. Using the Model to Estimate Percentiles. We consider five different specifications of the model for Figures 3 and 7, and four different specifications for Figures 4, 5, and 6.
https://lao.ca.gov/Publications/Report/4878/4

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Hold More Wealth. Because older homeowners have owned their homes for longer, the amount of home equity they hold also tends to be higher. (Equity is the difference between the market value of a home and the debts held against the home, such as a mortgage.)
https://lao.ca.gov/Publications/Report/3885

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Common Claims About Proposition 13

Sep 19, 2016 - In many cases, greater gains can be achieved by delaying development until real estate markets are strong or holding out for the optimal development opportunity. Land owners also incur costs, including property taxes, to hold on to land for future development.
https://lao.ca.gov/Publications/Report/3497