The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - In particular, the share of awards going to advanced manufacturing firms has greatly increased while the share going to professional services (for example, accounting, legal, and local business services) has significantly decreased.
https://lao.ca.gov/Publications/Report/5162

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - The advances are grants that do not have to be repaid, regardless of whether the businesses were eventually approved for a loan. California businesses received just over $1 billion in pandemic‑related EIDL advance grants.
https://lao.ca.gov/Publications/Report/4501

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - As another example, consider a fuel supplier that makes advance sales of large amounts of fuel from a sales office. All Bradley-Burns revenue from this transaction would go to the city where the sales office is located.
https://lao.ca.gov/Publications/Report/5074

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 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - Consequently, we advise the Legislature to treat July  1st fuel tax changes as an “early action ” item to resolve in advance of the main budget package. Slightly Lower Prices at the Pump. Available  evidence suggests that lower excise taxes likely would result in lower retail prices.
https://lao.ca.gov/Publications/Report/4528

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

Mar 18, 2025 - The NSTC is a cooperative public-private effort to advance semiconductor research and development (R &D). Natcast is the nonprofit organization in charge of the NSTC. Natcast Currently Relies on Federal Funding.
https://lao.ca.gov/Publications/Report/5018

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

Feb 20, 2024 - Some options include: California Competes tax credits, New Employment tax credits, Research and Development tax credits, and the California Alternative Energy and Advanced Transportation Financing Authority ’s sales and use tax exclusion program.
https://lao.ca.gov/Publications/Report/4846

The 2020-21 Budget: California Department of Tax and Fee Administration (CDTFA)

Mar 20, 2020 - Scheduling the expiration of budgetary savings is akin to planning a future budget augmentation, and we see little reason to commit to such plans this far in advance. Accordingly, we recommend that the Legislature modify these proposals to make the entire $3.7  million reduction permanent.
https://lao.ca.gov/Publications/Report/4205

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - In the first section, we assess the net benefit calculation that the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) uses to evaluate individual applicants and to estimate the effects of the program.
https://lao.ca.gov/Publications/Report/3907

An Update on California’s Cash Management Situation

Aug 31, 2020 - Our office monitors the state ’s cash position in order to anticipate these potential challenges for the Legislature in advance. In this post, we give an update on the General Fund ’s current cash situation.
https://lao.ca.gov/Publications/Report/4266