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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - California’s Low-Wage Workers and Minimum Wage California ’s Low-Wage Workers and Minimum Wage California ’s Minimum Wage Overall Statewide Minimum Wage $16 Per Hour. Over the last decade, two statutes —Chapter  351 of 2013 (AB  10, Alejo) and Chapter  4 of 2016 (SB  3, Leno) —gradually have increased California ’s statewide minimum wage from $8 per hour to $16 per hour.
https://lao.ca.gov/Publications/Report/4878

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Three Ways to Assess the Minimum Wage Is the current $16 per hour statewide minimum wage high, low, or somewhere in between? Over the last decade, California ’s nominal minimum wage has doubled from $8 per hour to $16 per hour.
https://lao.ca.gov/Publications/Report/4878/3

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

Feb 23, 2026 - When we reviewed this issue in The 2015‑16 Budget: Cigarette Tax and Licensing Programs , we did not find this argument compelling. We recommended that the Licensing Program be funded exclusively through license fees, which is how it is funded today.
https://lao.ca.gov/Publications/Report/5132

The 2015-16 Budget: Possible May Revision Scenarios [Publication Details]

Apr 7, 2015 - The 2015-16 Budget: Possible May Revision Scenarios [Publication Details] Video Description: This report provides a preview of possible budgetary outcomes that the state’s elected leaders may face while finalizing the 2015–16 budget package in May and June.
https://lao.ca.gov/Publications/Detail/3230

The 2015-16 Budget: Cigarette Tax and Licensing Programs [Publication Details]

Apr 22, 2015 - The 2015-16 Budget: Cigarette Tax and Licensing Programs [Publication Details] The 2015-16 Budget: Cigarette Tax and Licensing Programs Format: HTML Description: California imposes excise taxes on cigarettes and on other tobacco products such as cigars and chewing tobacco.
https://lao.ca.gov/Publications/Detail/3239

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

California’s Fiscal Outlook: The 2011-12 Budget [Publication Details]

Nov 10, 2010 - Similar to our forecast of one year ago, we project annual budget problems of about $20 billion each year through 2015‑16. We continue to recommend that the Legislature initiate a multiyear approach to solving California’s recurring structural budget deficit.
https://lao.ca.gov/Publications/Detail/2365

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - (For more information about the first state EITC, see our report, The 2015‑16 Budget: California Spending Plan. ) The administration estimates these changes will reduce tax revenue in 2019‑20 by $600 million.
https://lao.ca.gov/Publications/Report/4099

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - 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