The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The change in state law limits the amount that banks may deduct based on their assets. Banks with under $10  billion in assets are unaffected. Banks with more than $50  billion in assets may not deduct these premiums at all.
https://lao.ca.gov/Publications/Report/4100

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

Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details]

Feb 10, 2015 - Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details] Infographic Description: California law has long required banks, insurance companies, and many other types of entities to transfer to the State Controller’s Office (SCO) personal property considered abandoned by owners.
https://lao.ca.gov/Publications/Detail/3167

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

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

Feb 20, 2024 - The ISRF, administered by the California Infrastructure and Economic Development Bank ( IBank ), provides low-cost loans to public agencies to support infrastructure projects. ISRF loans typically offer lower interest rates and longer repayment periods than public agencies could receive from other financing sources.
https://lao.ca.gov/Publications/Report/4846

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget package removes both (1)  savings and loans, and (2)  banking or financial business from the list of QBA from tax year 2025 onwards. The administration estimates this change will increase revenues by $330  million in fiscal year 2025-26, decreasing slightly to $270  million by 2028-29.
https://lao.ca.gov/Publications/Report/5081

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - The Governor ’s budget includes $ 250  m illion General Fund in 2020 ‑ 21 —with a plan to allocate an additional $ 750  m illion in future years —to establish a new loan program at the California Infrastructure and Economic Development Bank (I ‑Bank).
https://lao.ca.gov/Publications/Report/4135

Volatility of the Personal Income Tax Base

Feb 8, 2017 - Imputed interest includes investment income earned on insurance policies, the value of implicit services provided by banks and other lenders, and interest earned on employee pension plans. Transfer Payments.
https://lao.ca.gov/Publications/Report/3548

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - State law provides a credit for 15  p ercent of the value of fresh fruits or vegetables donated to California food banks. Taxes on Business Income. Business income can be earned by individuals or businesses (like corporations).
https://lao.ca.gov/Publications/Report/3959