The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

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

Feb 23, 2026 - We recommend that the Legislature adopt a modified version of this proposal and conside r whether new provisional language is needed to prevent such problems from recurring. Background Cannabis Tax Program.
https://lao.ca.gov/Publications/Report/5132

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget provides $5  million in one-time General Fund for California Volunteers to offer grants to AmeriCorps programs to fund coaches at K-12 schools. This program has received limited-term funding in prior years, including $5  million in 2024-25.
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2025 - The NSTC is a cooperative public-private effort to advance semiconductor research and development (R &D). Natcast is the nonprofit organization in charge of the NSTC. Natcast Currently Relies on Federal Funding.
https://lao.ca.gov/Publications/Report/5018

Building Reserves to Prepare for a Recession

Mar 7, 2018 - The minimum guarantee rises or falls with a variety of inputs, including: General Fund revenue, per capita personal income, and K ‑12 student attendance, among other factors. The formulas also provide for “maintenance factor, ” which requires the state to accelerate school funding in strong revenue years to compensate for lower funding in weaker years.
https://lao.ca.gov/Publications/Report/3769

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - Subject to Legislative Appropriation $50.0 CDE Program or activities (such as physical security improvements and school ‑based mental health services) addressing risk factors for gun violence affecting K ‑12 students. 3 15.0 JC Court ‑based firearm relinquishment grant program to facilitate removal of firearms and ammunition from individuals who become prohibited from owning or
https://lao.ca.gov/Publications/Report/4970

Assessing Recent Changes to California Competes

Mar 30, 2020 - In their October 2019 r eport to us, GO ‑Biz identified the following examples as reasons to disqualify applicants: The applicant ’s proposed expansion project primarily serves a local market. In our 2017 r eport, we referred to such companies as producing non ‑tradable goods and services.
https://lao.ca.gov/Publications/Report/4213

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

Mar 1, 2018 - Proposition   55 r equires that funds allocated to Medi ‑Cal by the formula be used to increase funding for existing programs and services in Medi ‑Cal, not supplant existing General Fund support for the program.
https://lao.ca.gov/Publications/Report/3765

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - For example, the Legislature could supplement the Governor ’s $ 100  m illion by ( 1)  r olling over unused funds from the 2020 Main Street Credit and ( 2)  r edirecting $ 250  m illion from the Governor ’s California Competes grant proposal to this program.
https://lao.ca.gov/Publications/Report/4327

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The constitution also requires the state to make deposits into a Proposition   98 r eserve when a series of conditions are met. Under the administration ’s estimates, the balance of the Proposition   98 r eserve would reach $ 487  m illion at the end of 2020 ‑21.
https://lao.ca.gov/Publications/Report/4135