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 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - The state had excess revenues in 1999 ‑00, but because appropriations were under the limit in 2000 ‑01, additional Proposition  98 spending and taxpayer rebates were not required. The 2001 recession and resulting decline in state revenues created substantial room under the limit by 2001 ‑02.
https://lao.ca.gov/Publications/Report/3596