The 2018-19 Budget: The Administration’s Proposition 55 Estimates

Mar 1, 2018 - Along with the general conceptual difficulty of defining a workload budget in the first place, this means that some features of the Proposition   55 c alculation are difficult to interpret and implement.
https://lao.ca.gov/Publications/Report/3765

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 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Excluding the EITC, the Governor proposes $2. 7  b illion in new ongoing spending in 2019 ‑20, growing to $3. 5  b illion over time. We suggest the Legislature consider an EITC expansion relative to the ongoing spending proposals introduced by the Governor.
https://lao.ca.gov/Publications/Report/3960

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - The administration estimates its proposal would raise $1. 7  b illion in 2019 ‑20 —$ 700  m illion more than the January proposal. As we discuss later, however, these estimates are highly uncertain.)
https://lao.ca.gov/Publications/Report/3959

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

Assessing Recent Changes to California Competes

Mar 30, 2020 - As of November 2019, 1, 043 c redit agreements had been negotiated and approved. The companies that have tax credit agreements can only claim a credit after they have met the specified amounts of hiring and investment.
https://lao.ca.gov/Publications/Report/4213

Managing California’s Cash

Sep 3, 2019 - A subsequent related case in 1936 c hallenged the state ’s authority to pay registered warrants in the following biennium —that is, to have the liability cross fiscal years. Again, the court found that the Legislature was within its legal authority to do so.
https://lao.ca.gov/Publications/Report/4092

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Chapter   677 o f 2012 (S B  1128 , Padilla) prohibits CAEATFA from approving more than $ 100  m illion of exclusions in any calendar year. This cap has become more binding over time. Before 2019, exclusions were available for most of the year.
https://lao.ca.gov/Publications/Report/4327

Evaluation of the Better for Families Tax Refund [Publication Details]

Apr 1, 2024 - Submitted in accordance with Section 7(b)(1) of Chapter 51 of 2022 (AB 192, Committee on Budget) that directs our office to evaluate the extent to which the Better for Families tax refund helped families meet the demands of inflation during the pandemic.
https://lao.ca.gov/Publications/Detail/4891

Building Reserves to Prepare for a Recession

Mar 7, 2018 - The floods resulted in disaster declarations in 48 c ounties and forced more than 120,000 from their homes. After federal reimbursements, these floods led to nearly $ 200  m illion in state costs (over $ 300  m illion in today ’s dollars).
https://lao.ca.gov/Publications/Report/3769