The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - This is especially consistent with the 20 18 changes, since professional service firms tend to be classed as “non-tradeable, ” meaning they are often already required to locate near their customer base, and thus tax incentives are unlikely to influence their decision to locate in California.
https://lao.ca.gov/Publications/Report/5162

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The number of low-wage workers who are Latino is roughly two and a half times the number who are white, four and a half times the number who are Asian/Pacific Islander, and 18 times the number who are Black.
https://lao.ca.gov/Publications/Report/4878/1

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - The 2017-18 Budget: The Board of Equalization The 2017-18 Budget The Board of Equalization State Board of Equalization (BOE) Has Key Responsibilities for Many Taxes and Fees. BOE is headed by a five-member board, with four members directly elected by district, and the fifth —the State Controller —elected on a statewide basis.
https://lao.ca.gov/Publications/Report/3609

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - Incorporating the final 2016 ‑17 data —as well as our estimates for 2017 ‑18 and 2018 ‑19 —reduces state room by $2.5  billion in 2016 ‑17, $1.7  billion in 2017 ‑18, and $610  million in 2018 ‑19 (relative to the administration ’s January 2018 estimates).
https://lao.ca.gov/Publications/Report/3800

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - LAO Assessment Under Current Law, No New Tax Credits Negotiated After 2017-18. GO-Biz negotiated 212 California Competes tax credit agreements in 2014-15 and 259 agreements in 2015-16. We estimate that GO-Biz may negotiate a somewhat higher number in 2016-17 and 2017-18 because of unallocated tax credits from prior years.
https://lao.ca.gov/Publications/Report/3586

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

Feb 22, 2017 - Backfill, Administration, and Audits $37.2   Million for Backfill Payments in 2017 ‑18. The administration estimates that the new special fund will make backfill payments totaling $37.2  million in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3573

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Corporation Tax (CT) Revenues Up Significantly in 2017-18. We expect CT revenues in 2017-18 to be almost 9  percent higher than 2016-17. This increase primarily reflects two factors: (1) steady long-term growth in corporate profits, and (2) a reduction in the use of credits and net operating losses.
https://lao.ca.gov/Publications/Report/3830

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - New Laws Funded OTA in 2017 ‑18. The new laws appropriated $ 5  m illion in 2017 ‑ 18 t o establish OTA. The new laws also gave the administration the authority to augment this appropriation using a transfer of funds from BOE ’s budget to OTA ’s budget with notification to the Legislature.
https://lao.ca.gov/Publications/Report/3796

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

Mar 1, 2018 - The state restored some of these benefits before January  1, 2016, but did not restore all of the rest of them until 2017 ‑18. Nonetheless, the administration included the full cost of providing these benefits in the workload budget.
https://lao.ca.gov/Publications/Report/3765

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - The 2017 ‑18 budget paid the last installment of the funds in this agreement. Estimates of Future Proposition  2 Debt Funding No Added Debt Funding Requirements in 2017 ‑18. Our estimates of General Fund revenues and capital gains suggest the state underestimated 2017‑18 Proposition 2 requirements by $1.4 billion.
https://lao.ca.gov/Publications/Report/3727