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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Over the last decade, two statutes —Chapter  351 of 2013 (AB  10, Alejo) and Chapter  4 of 2016 (SB  3, Leno) —gradually have increased California ’s statewide minimum wage from $8 per hour to $16 per hour.
https://lao.ca.gov/Publications/Report/4878

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

California’s Fiscal Outlook: The 2011-12 Budget [Publication Details]

Nov 10, 2010 - In 2012‑13, 2013‑14, and 2014‑15, another few billion of permanent actions each year could be initiated, along with other temporary budget solutions, and so on until the structural deficit was eliminated.
https://lao.ca.gov/Publications/Detail/2365

Why Have Sales Taxes Grown Slower Than the Economy? - Why Have Sales Taxes Grown Slower Than the Economy? [Video]

August 5, 2013 Fiscal and Policy Analyst Chas Alamo discusses the LAO report "Why Have Sales Taxes Grown Slower Than the Economy? "
https://lao.ca.gov/Videos/Player?playlistId=77

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - The 2017-18 Budget: California Competes Tax Credit California Competes Tax Credit Background California Competes Tax Credit Program Created in 2013. Chapter 69 of 2013 (AB 93, Committee on Budget) eliminated state economic development programs known as Enterprise Zones and replaced them with several new economic development programs.
https://lao.ca.gov/Publications/Report/3586

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

Review of the California Competes Tax Credit

Oct 31, 2017 - Economic Development Programs Overhauled in 2013. The Legislature comprehensively changed state economic development programs in 2013. Chapter 69 and Chapter  70 of 2013 (AB  93, Committee on Budget, and SB 90, Galgiani) eliminated EZs and replaced them with three new economic development programs: A partial sales tax exemption for purchases of certain manufacturing equipment.
https://lao.ca.gov/Publications/Report/3709

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

Feb 28, 2023 - ” IZA Journal of Labor economics 2 (2013): 1 ‑23. Hollenbeck, Kevin, and Wei ‑Jang Huang. “Net impact and benefit ‑cost estimates of the workforce development system in Washington State. ” (2017). Jackson, C.
https://lao.ca.gov/Publications/Report/4713

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - Background State ’s Economic Development Programs Overhauled in 2013. The Legislature overhauled the state ’s economic development incentive programs in 2013 by replacing the “Enterprise Zone ” programs with three new tax provisions: Manufacturer ’s Sales Tax Exemption.
https://lao.ca.gov/Publications/Report/3759