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

Feb 23, 2026 - This program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998. The California Electronic Cigarette Excise Tax Program administers a 12.5  percent tax on retail sales of e ‑cigarettes.
https://lao.ca.gov/Publications/Report/5132

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - This fee-funded program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998. The California Electronic Cigarette Excise Tax Program administers a 12.5  percent tax on retail sales of e-cigarettes.
https://lao.ca.gov/Publications/Report/4966

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Governor Proposes Additional $45   Million for Tourism Marketing. The Governor ’s budget includes $45  million one ‑time General Fund for tourism marketing by Visit California. Visit California Net Assets Increased Significantly in 2020 and 2021.
https://lao.ca.gov/Publications/Report/4529

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Roughly 60  percent of male low-wage workers work at least 40 hours per week, compared to roughly 45  percent of female low-wage workers. Among mid-to-high-wage workers, gender differences in weekly hours are somewhat similar but less pronounced.
https://lao.ca.gov/Publications/Report/4878/1

Assessing Recent Changes to California Competes

Mar 30, 2020 - About 45  p ercent of the credit agreements are with companies with annual revenue below $ 15  m illion and about 10  p ercent have no annual revenue (but some of these likely are owned by large companies).
https://lao.ca.gov/Publications/Report/4213

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 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - For instance, statewide average per ‑gallon gasoline prices rose from $3.91 in April 2021 to $5.65 in March  2022, a  45  percent increase. In response to these trends, both the Governor and members of the Legislature have expressed interest in providing relief to Californians experiencing financial hardships, particularly from high fuel costs.
https://lao.ca.gov/Publications/Report/4597

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - As revenues surged during the dot ‑com boom of the late 1990s, however, the state approached the limit. The state had excess revenues in 1999 ‑00, but because appropriations were under the limit in 2000 ‑01, additional Proposition  98 spending and taxpayer rebates were not required.
https://lao.ca.gov/Publications/Report/3596

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

The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - The administration allocates $45  million for local law enforcement grants ($37.5  million through the Department of Justice and $7.5  million through the Department of Public Heath, respectively) to prevent illegal sales of tobacco products.
https://lao.ca.gov/Publications/Report/3573