An Analysis of Proposition 4: The Gann "Spirit of 13" Initiative [Publication Details]

Dec 1, 1979 - Proposition 4 also attempts both to clarify the fiscal roles played by the various branches (legislative, judicial and executive) and levels (federal, state and local) of government, and to insure that any surplus funds are promptly returned to the people.
https://lao.ca.gov/Publications/Detail/3524

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

Fixing Unemployment Insurance

Dec 2, 2024 - Figure  8 shows how this would play out if contributions and benefits continue to track with historical trends over the next two decades. As the figure shows, we do not expect the state to achieve solvency without the federal surcharge.
https://lao.ca.gov/Publications/Report/4943

Review of the California Competes Tax Credit

Oct 31, 2017 - Refocus Credit to “Level Playing Field ” With Other States, Countries. The very name of this program —California Competes —evokes its goal: to help California compete against other states and countries to convince businesses to locate, stay, and expand here.
https://lao.ca.gov/Publications/Report/3709

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

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Compared to distributors, retailers play a more consistent and public ‑facing role in the supply chain, and they already interact with CDTFA through the sales tax. Additionally, moving tax payments to the retail level could address concerns related to credit constraints.
https://lao.ca.gov/Publications/Report/4125

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Federal agencies may be better situated to play a coordinating or incentivizing role. The beneficiaries would primarily be private, for ‑profit companies. We note that if adopting common data standards would significantly alleviate supply chain congestion, there would be a clear private ‑sector interest in paying to implement the recommendations using their own  funds.
https://lao.ca.gov/Publications/Report/4529

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - Given the number of credit reservations made, however, the credit may have played a role in hiring individuals who employers expected to be eligible for the credit but ultimately were not eligible. To the extent this occurred, the credit ’s availability may have influenced employers ’ decisions to hire targeted individuals.
https://lao.ca.gov/Publications/Report/3784

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - Federal agencies may therefore be better situated than the state to play a coordinating or incentivizing role. Moreover, the primary beneficiaries of adopting common data standards would primarily be private, for ‑profit companies.
https://lao.ca.gov/Publications/Report/4540

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092