The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - The 2022 CHIPS Act provides financial incentives for semiconductor companies to expand their operations in the U.S. $50  Million to Supplement ISRF Loans. The Governor ’s budget also proposes a one-time General Fund allocation of $50  million to supplement ISRF ’s existing resources to provide loans to public agencies.
https://lao.ca.gov/Publications/Report/4846

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - These fee increases, which are estimated to generate about $50  million in new revenue through 2027-28, are designed to help DFPI address a significant structural deficit in the Financial Protection Fund.
https://lao.ca.gov/Publications/Report/5081

Fixing Unemployment Insurance

Dec 2, 2024 - Unemployed workers can receive 50  percent of their regular wages, up to a maximum of $450 per week, for up to 26 weeks. (Due to the $450 weekly benefit maximum, about half of workers receive less than 50  percent of their regular wages.)
https://lao.ca.gov/Publications/Report/4943

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - One-Quarter of Low-Wage Workers Are 50 or Older. The age distribution of low-wage workers extends well into middle age. More than one-quarter of low-wage workers are at least 50 years old. Ages of Male and Female Low-Wage Workers Are Similar.
https://lao.ca.gov/Publications/Report/4878/2

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

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Consequently, roughly 1. 5  m illion Californians earning between $10,000 and $50, 000 o we federal taxes but do not owe any state tax. In addition, the highest ‑income California filers pay a proportionally larger share of their income in state taxes, relative to other filers, than they do in federal taxes.
https://lao.ca.gov/Publications/Report/3959

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - The credit also is capped at 350  p ercent of the minimum wage —$38. 50 i n 2018. This means that, regardless of an employee ’s hourly wage, a taxpayer may not claim a tax credit in excess of $7. 70 p er hour worked ($38. 50 m inus $16.50, multiplied by 0.35).
https://lao.ca.gov/Publications/Report/3784

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Banks with more than $50  billion in assets may not deduct these premiums at all. Banks with between $10  billion and $50  billion in assets may deduct a portion of their FDIC premiums. About 40 U.S. banks have more than $50  billion in assets.
https://lao.ca.gov/Publications/Report/4100

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

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Budget Year Cost Likely More Than $50   Million. The proposal likely will cost somewhat more than $ 50  m illion in 2020 ‑21. While corporations pay the CT four months after the end of the tax year, corporations and noncorporate businesses must pay the minimum franchise tax during the taxable year.
https://lao.ca.gov/Publications/Report/4207