The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - The people who likely would gain the most from a fuel tax holiday are those who purchase a lot of fuel relative to their use of state highways —because they mostly use surface streets, or their vehicles consume a lot of fuel, or both.
https://lao.ca.gov/Publications/Report/4528

Common Claims About Proposition 13

Sep 19, 2016 - For properties in three large counties (Los  Angeles, San Mateo, and Sacramento), Figure  21 compares the frequency of development on vacant lots to frequency of development on neighboring vacant lots that have been owned for fewer years.
https://lao.ca.gov/Publications/Report/3497

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

Feb 15, 2022 - For example, the test location in Lancaster uses a subleased parking lot at a municipal stadium to conduct their test. However, DMV frequently is forced to cancel or reschedule test appointments when the stadium needs the space for events.
https://lao.ca.gov/Publications/Report/4540

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Net income is an especially poor way to identify small businesses because many large businesses with high revenues als o have a lot of expenses. An arbitrary threshold of $1  million would still allow many medium and large businesses to claim NOLs.
https://lao.ca.gov/Publications/Report/4238

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

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - However, if a project relies on a lot of ma terials that are not locally sourced, then the spillover might be large and the benefit could be smaller or negative. For example, the economic benefit from a bridge replacement project that requires buying steel components sourced from another country might be lower than expected if the estimates had assumed unadjusted average construction industry multipliers.
https://lao.ca.gov/Publications/Report/4331

Do Communities Adequately Plan for Housing?

Mar 8, 2017 - If a community requires abundant on ‑site parking, a developer would have to dedicate more land to parking lots, reducing the number of housing units that can be built. Zoning Key to Meeting Housing Needs.
https://lao.ca.gov/Publications/Report/3605

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

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In addition to the effective rate changes described above, the 2017 l aw made other changes that broadened the tax base —that is, reduced or eliminated various credits and deductions. Examples of these changes include eliminating personal exemptions, ending many individual and business deductions, and imposing new limits on other common deductions.
https://lao.ca.gov/Publications/Report/3959

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943