The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Background Certain Economically Distressed Areas Identified as Opportunity Zones. A December 2017 federal law (known as the Tax Cuts and Jobs Act) established new tax benefits to encourage investment in certain economically distressed areas —called Opportunity Zones.
https://lao.ca.gov/Publications/Report/4038

An Initial Look at Effects of the COVID-19 Pandemic on Local Government Fiscal Condition

May 12, 2021 - Local governments that had healthy revenues and reserves at the start of the pandemic were better positioned to weather the pandemic ’s economic effects. The expenditure pressures experienced by local governments also varied.
https://lao.ca.gov/Publications/Report/4428

How Has COVID-19 Affected Renters and Homeowners?

Jan 19, 2021 - Due to the composition of the industries and occupations most affected by public health restrictions and declining economic activity, renter households have faced higher rates of job loss during the pandemic.
https://lao.ca.gov/Publications/Report/4312

Perspectives on Helping Low-Income Californians Afford Housing

Feb 9, 2016 - Journal of Urban Economics , 61 (1), 129 –151 . Sinai, T., & Waldfogel, J. (2005). Do low –income housing subsidies increase the occupied housing stock? Journal of Public Economics , 89 (11), 2137 –2164 .
https://lao.ca.gov/Publications/Report/3345

The 2014-15 Budget: Changes to a Local Infrastructure Financing Tool [Publication Details]

Mar 11, 2014 - The dissolution of redevelopment agencies in 2011 has prompted calls for a review of the financing tools available to local governments to fund infrastructure and local economic development. The Governor’s 2014-15 budget proposes several changes to infrastructure financing districts which are intended to provide local governments with enhanced options to fund infrastructure and
https://lao.ca.gov/Publications/Detail/2970

The 2011-12 Budget: Should California End Redevelopment Agencies? [Publication Details]

Feb 8, 2011 - Note: In a letter dated February 16th, 2011 we responded to questions regarding our analysis of the California Redevelopment Association’s study of the economic effects of redevelopment included in this report.
https://lao.ca.gov/Publications/Detail/2440

Climate Change Impacts Across California - Crosscutting Issues

Apr 5, 2022 - Certain residents will be more vulnerable to experiencing negative impacts, based on their underlying health conditions, where they live, their jobs, and the level of economic resources upon which they can draw.
https://lao.ca.gov/Publications/Report/4575

The 2020-21 Budget: Local Agency Employee Organizations, Impasse Procedures II

Mar 4, 2020 - This means that the data we have only reflect years when the economy was growing —a period of the economic cycle when government tends to have growing revenues. Impasse could be more likely in years when governmental employers are facing declining revenues —for example, during periods of economic downturns —and are less willing to agree to increases in employee compensation.
https://lao.ca.gov/Publications/Report/4190

The 2019-20 Budget: Considerations for the Governor's Housing Plan

Feb 20, 2019 - Making Economic Development Tools More Attractive. Enhanced Infrastructure Financing Districts (EIFDs) allow local governments to use property tax increment (the growth in property tax revenue year over year) to finance a wide variety of projects, including affordable housing.
https://lao.ca.gov/Publications/Report/3941

The 2019-20 Budget: What Can Be Done to Improve Local Planning for Housing?

Feb 20, 2019 - This is because developers ’ decisions about which sites to build on and when are based on a multitude of considerations and require detailed analyses of economic, engineering, and political information.
https://lao.ca.gov/Publications/Report/3938