The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Past Experience Offers Insights on Magnitude of Possible Windfalls. Past experience with New Market Tax Credits also can shed some light on how much of the proposed state Opportunity Zone benefit would be windfalls for investors.
https://lao.ca.gov/Publications/Report/4038

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - As we have commented in the past , our office has little insight into the components of, or assumptions underlying, the administration’s projections in HHS. As a result, we cannot identify the precise source of these differences—or the comparative reliability of our respective estimates—with confidence.
https://lao.ca.gov/Publications/Report/4772

Review of the California Competes Tax Credit

Oct 31, 2017 - We also think the resources consumed by the program are not as focused as they should be on winning economic development competitions with other states to attract major employers that sell to customers around the country and the world.
https://lao.ca.gov/Publications/Report/3709

California’s First Film Tax Credit Program

Sep 29, 2016 - If a project was allocated a film tax credit during the initial allocation period, it was roughly 5  percent more likely to be made —at all, anywhere —than the projects that did not win the lottery and were initially placed onto a waitlist.
https://lao.ca.gov/Publications/Report/3502

Do Communities Adequately Plan for Housing?

Mar 8, 2017 - In addition to having far greater resources, local planning departments also have more insight into their local communities. Faced with these realities, HCD ’s reviews of housing elements often cannot extend beyond ensuring that communities have complied with the law ’s basic procedural requirements.
https://lao.ca.gov/Publications/Report/3605