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

Mar 18, 2025 - Since the Governor ’s proposal would provide $60  million for grants, compared to $120  million in prior iterations, the cap on individual awards would be $18  million, down from $36  million. There have been several grant awards made previously in excess of this amount.
https://lao.ca.gov/Publications/Report/5018

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 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Operating Deficits Average $18   Billion Annually Under LAO Estimates. Figure  1 shows our office ’s projections of the state ’s budget condition compared to the administration ’s estimates. As the figure shows, both of our offices project the state will have operating deficits (budget problems) over the multiyear period.
https://lao.ca.gov/Publications/Report/4772

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