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

Mar 18, 2025 - Removing 30  Percent Cap on Individual Awards Reasonable. Current rules stipulate that an applicant may not receive more than 30  percent of the grant funding available in a fiscal year. Since the Governor ’s proposal would provide $60  million for grants, compared to $120  million in prior iterations, the cap on individual awards would be $18  million, down from $36  million.
https://lao.ca.gov/Publications/Report/5018

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - The broad structure of the new requirement is as follows: Within 30 days of receiving a credit allocation letter, applicants must submit a DEIA Workplan that reflects California ’s population in terms of race, ethnicity, gender, and disability status and includes specific DEIA goals and how the applicant intends to fulfill them.
https://lao.ca.gov/Publications/Report/5036

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - This  would apply to version 4.0 of the credit for fiscal years 2025 ‑26 through 2029 ‑30. Expanding the Credit Is a Valid Approach to Increase Production Activity in California. Our  assessment of the available evidence suggests that increasing the size of the credit will increase the number of productions that choose to locate in California.
https://lao.ca.gov/Publications/Report/5000

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

Feb 28, 2023 - “The Effects of School Spending on Educational and Economic Outcomes: Evidence from School Finance Reforms. ” The Quarterly Journal of Economics 131.1 (2016): 157 ‑218. O ’Brien, Nina F., and Christianne J.
https://lao.ca.gov/Publications/Report/4713

Options for Modifying the State Child Care Tax Credit

Apr 7, 2016 - Option  4 would carry the same cost as option   3 —about $157   million —illustrating how the Legislature can tailor the credit percentages to reflect the benefit it wants to provide to filers across different income ranges.
https://lao.ca.gov/Publications/Report/3417

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - For example, the monthly CPS unit nonresponse rate grew from 10  percent in 2013 to 30  percent in 2023. Unit nonresponse rates for many other surveys are well above 30  percent. Another Weakness: Measurement Error.
https://lao.ca.gov/Publications/Report/4878/4

Fixing Unemployment Insurance

Dec 2, 2024 - On average across all states, about 30  percent of unemployed workers receive UI benefits. In California, about 40  percent of all unemployed workers receive UI benefits —ranging from 35  percent to 50  percent over time —giving California the 10th highest take ‑up rate nationally among all workers.
https://lao.ca.gov/Publications/Report/4943

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

Feb 20, 2024 - Around one-third of California Competes grants across 2022-23 ($30  million) and 2023-24 ($51  million) went to semiconductor companies. However, given the state ’s current fiscal situation, it makes sense for the state to look to other existing programs to provide incentives to CHIPS Act projects.
https://lao.ca.gov/Publications/Report/4846

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - Figure 1 Overview of Changes to Estimated Tax Payment Schedule Payment Payment Due on the 15th Day of: Percent of Total Estimated Tax Due: Personal Income 20 30 Actual Estimated Tax Payments Differ From Schedule.
https://lao.ca.gov/Publications/Report/4722

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  1, just under 30  percent of low-wage workers are younger than 25. In contrast, less than 10  percent of mid-to-high-wage workers fall into this age group. Half of Low-Wage Workers Are 35 or Older.
https://lao.ca.gov/Publications/Report/4878/2