The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - As we discussed in November, accurately predicting the future path of the economy is not possible. The consensus scenario we use is only one possible path for the U.S. and California economies. Key Issues for the Future Trajectory of the State ’s Economy.
https://lao.ca.gov/Publications/Report/3829

Fixing Unemployment Insurance

Dec 2, 2024 - In this section we recommend a path forward to fix the state ’s broken UI system and achieve these goals, replacing it with one that is simpler, balanced, and flexible. In addition, while the focus of these recommendations is on solvency, we have also aimed to mitigate each of the three other issues that undermine some of the core objectives of the  program.
https://lao.ca.gov/Publications/Report/4943

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

Volatility of the Personal Income Tax Base

Feb 8, 2017 - Two significant pieces of the PIT base —capital gains and retirement distributions —are not defined as being part of personal income. A capital gain is the difference between the selling price of an asset (stock, bond, building, etc.) and the asset ’s original purchase price.
https://lao.ca.gov/Publications/Report/3548

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - LAO Recommendations Approach Proposals as Pieces of a Bigger Policy Puzzle. Cannabis and tobacco compliance present an ongoing policy challenge for the Legislature. Accordingly, we recommend that the Legislature approach the Governor ’s proposals not as one ‑time workload adjustments, but as components of a broader, more sustained effort to address these policy challenges.
https://lao.ca.gov/Publications/Report/5132

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - (For example, it was previously possible to exchange the ownership of a copyright on a piece of music for the copyright on a different piec e of music.) Like-kind exchanges for real property, such as land and buildings, are still allowed for all CT and PIT filers.
https://lao.ca.gov/Publications/Report/4100

Understanding California’s Property Taxes - Tax Receipts Vary [Video]

Understanding California’s Property Taxes - Tax Receipts Vary [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property Taxes. " To
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=54

Understanding California’s Property Taxes - Tax Distribution Concerns [Video]

Understanding California’s Property Taxes - Tax Distribution Concerns [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=52

Understanding California’s Property Taxes - Property Tax Bills [Video]

Understanding California’s Property Taxes - Property Tax Bills [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property Taxes.
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=53

Understanding California’s Property Taxes - Evaluating Property Tax [Video]

Understanding California’s Property Taxes - Evaluating Property Tax [Video] Search LAO Videos Understanding California’s Property Taxes November 29, 2012 In these videos, Principal Fiscal and Policy Analyst Mark Whitaker and Fiscal and Policy Analyst Chas Alamo discuss California 's property tax as a companion piece to the LAO 's report "Understanding California 's Property
https://lao.ca.gov/Videos/Player?playlistId=16&videoId=55