Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Provisions of Proposition  2 Key Provisions of Proposition  2. Proposition  2 requires the state to make: (1) minimum annual payments toward certain eligible debts (until 2029 ‑30) and (2) deposits into the state ’s rainy day fund.
https://lao.ca.gov/Publications/Report/3727

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - For example, a business that pays a new qualified employee $20. 00 p er hour in 2018 c ould receive a tax credit based on 35  p ercent of $3. 50 p er hour ($20. 00 m inus $16.50), or $1. 23 p er hour.
https://lao.ca.gov/Publications/Report/3784

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

Mar 6, 2019 - The state ’s minimum wage is scheduled to rise by $ 1 p er hour at the start of each of the next four years, reaching $ 15 p er hour by 2023 for all employees. As such, the effect of an EITC expansion on work incentives will be very different in 2023 from what they are in 2019.
https://lao.ca.gov/Publications/Report/3960

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget includes provisional language authorizing the Department of Finance to augment State Emergency Telephone Number Account fund expenditure authority by amounts “necessary to continue implementation of the Next Generation 9-1-1 system, including transition from the legacy 9-1-1 system, ” subject to 30-day legislative notification.
https://lao.ca.gov/Publications/Report/5081

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

Feb 28, 2025 - Academic research has found (1)  a positive relationship between states that have film tax credits and production activity, and (2)  offering a tax credit does increase the likelihood of a production choosing to locate in that state.
https://lao.ca.gov/Publications/Report/5000

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - All three of these changes could have contributed to the trend shown in Figure  2 if (1)  The 25  percent rule was favoring smaller businesses above better-qualified applicants from larger firms, (2)  larger businesses provide better evidence on how the credit affects their decision-making, and (3)  larger firms are more likely to have, or participate in, job training programs.
https://lao.ca.gov/Publications/Report/5162

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

Feb 23, 2026 - The Governor proposes augmentations of $3.8  million in 2026 ‑27, $3.7  million in 2027 ‑28, $3.7  million in 2028 ‑29, and $1.2  million in 2029 ‑30 and ongoing from the Compliance Fund for the Tobacco Licensing Program to enforce AB  3218 and other flavor ban laws.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The California Constitution requires the state to reimburse local governments when (1)  new state laws or regulations mandate that they implement a new program or higher level of service and (2)  the local government does not have offsetting revenues available to fully cover the associated costs.
https://lao.ca.gov/Publications/Report/5130

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - A filer with a new mortgage of more than $ 1  m illion could see their federal tax liability increase by more than $4, 000 p er year. (Roughly 15  p ercent of California homes sold cost over $ 1  m illion.
https://lao.ca.gov/Publications/Report/3959

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - The percentages presented in Figure  1 alone do not give a sense of how diverse the labor forces of version 3.0 productions are relative to both (1)  the overall motion picture workforce in California and (2)  California ’s population as a whole.
https://lao.ca.gov/Publications/Report/5036