The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Most of the variance is explained by the PIT, where we are $3.7 billion higher than the administration over the three fiscal years combined. Most of that difference appears to be in capital gains and wages.
https://lao.ca.gov/Publications/Report/3830

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

Mar 23, 2020 - Such treatment of new businesses seems to be at odds with the intent of assisting small businesses that are less likely to have access to experienced state tax advisors. Proposed Reporting Requirements Add Little Value.
https://lao.ca.gov/Publications/Report/4207

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - This emphasis is often at odds with making sure eligible workers get benefits quickly and easily. Indeed, this emphasis hindered the state ’s response to the pandemic. According to the administration ’s own review of EDD practices, “In interviews and observations, stories and anecdotes about fraud and/or suspected fraud were often used to explain why EDD could not act quickly to
https://lao.ca.gov/Publications/Report/4615