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Economy and Taxes (57)
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The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Program staff must weigh these possibly competing factors, and the high recapture rate cou ld indicate a relative favoring of high-risk, high-rewards projects. In years where the program is fully subscribed, there is an opportunity cost associated with an agreement that is not fulfilled.
https://lao.ca.gov/Publications/Report/5162

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - To mitigate premium cost increases, the state could subsidize health insurers ’ costs for high ‑risk (high ‑cost) individuals. Alternatively, the state could take action to increase competition among insurers participating in Covered California.
https://lao.ca.gov/Publications/Report/3916

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We suspect that low-wage workers ’ high likelihood of living in three-earner (or more) households might be due largely to California ’s high housing costs. (We further examine housing affordability for minimum-wage workers in another post .)
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Low-Wage Workers More Likely to Be Under 25 Than Mid-to-High-Wage Workers. As shown in Figure  1, just under 30  percent of low-wage workers are younger than 25. In contrast, less than 10  percent of mid-to-high-wage workers fall into this age group.
https://lao.ca.gov/Publications/Report/4878/2

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 Is the Minimum Wage High, Low, or Somewhere in Between? Three Ways to Assess the Minimum Wage Is the current $16 per hour statewide minimum wage high, low, or somewhere in between?
https://lao.ca.gov/Publications/Report/4878/3

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - The veto message described these agreements as “an important local tool that captures additional economic activity, particularly in rural and inland California cities that continue to face significant economic challenges like high unemployment rates. ” 2024 Law Requires Disclosure of Local Sales Tax Rebates.
https://lao.ca.gov/Publications/Report/5074

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The main exception is that high wages are top-coded: all wages above a certain amount are assigned the same value. In high-wage states like California, top-coding seriously hinders analyses that consider the upper portion of the wage distribution.
https://lao.ca.gov/Publications/Report/4878/4

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

Feb 20, 2024 - GO-Biz Spending Proposals Do Not Clear High Bar. While both of these spending proposals could have some benefits, our assessment is that these benefits do not clear the high bar that should be set for new spending in the current fiscal environment.
https://lao.ca.gov/Publications/Report/4846

Fixing Unemployment Insurance

Dec 2, 2024 - In relative terms, California ’s take ‑up rate is high when compared to other states. However, in absolute terms, and as described in the nearby box, the state ’s take ‑up rate is not particularly high and thus many eligible workers do not apply for or receive benefits.
https://lao.ca.gov/Publications/Report/4943