The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - This suggests that the annual revenue loss from the flavor ban might be around $300  million to $400  million. Interpretation of Revenue Loss Unclear. Under the flavor ban, people who otherwise would consume flavored tobacco have three main options: (1)  avoid tobacco use altogether, (2)  switch to unflavored tobacco products, or (3)  obtain flavored tobacco from sources that violate the ban or from sources not subject to the ban (for example, other states).
https://lao.ca.gov/Publications/Report/4966

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 Price and Other Fiscal Relief Options

May 12, 2022 - The administration states that the proposal would provide a $400 refund per vehicle —capped at two vehicles —but would target refunds to individuals who own vehicles below a certain value. The administration estimates this proposal would have an associated General Fund cost of roughly $9  billion, but the actual cost would depend on what vehicle value threshold is established for providing refunds.
https://lao.ca.gov/Publications/Report/4597

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

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - In our Fiscal Outlook estimates, under a recession scenario, Proposition 2 debt payment funding would be about $400 million lower in each 2019‑20 and 2020‑21 and $250 million lower in 2021‑22. Future Proposition  2 Debt Commitments Existing Commitments for Funding Total About $1  Billion Annually.
https://lao.ca.gov/Publications/Report/3727

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - We estimate that conforming beginning July 1, 2020 would increase PIT revenue by about $200  million in 2020 ‑21, $400  million in 2021 ‑22, and increasing amounts over time. Eliminate Mortgage Interest Deduction for Second Homes.
https://lao.ca.gov/Publications/Report/4238

Income Mobility in California Across Generations

Jan 4, 2017 - Suppose they find that children who move at age 5 can expect to make about $400 per year more than children who move at age 6. The researchers conclude that this $400 difference is the result of spending an additional year in San Francisco rather than Oakland.
https://lao.ca.gov/Publications/Report/3518

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In addition to the effective rate changes described above, the 2017 l aw made other changes that broadened the tax base —that is, reduced or eliminated various credits and deductions. Examples of these changes include eliminating personal exemptions, ending many individual and business deductions, and imposing new limits on other common deductions.
https://lao.ca.gov/Publications/Report/3959

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - The first year of state EITC education and outreach grants may have increased knowledge of the EITC, but the use of the credit increased by fewer than 400 returns, or about 0.1  percent, from 2015 to 2016.
https://lao.ca.gov/Publications/Report/3826

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - This would provide for a roughly $ 400  m illion credit program. Given this larger pot of money, we would suggest the Legislature expand the Governor ’s proposal by: Broadening Eligibility to Other Impacted Businesses.
https://lao.ca.gov/Publications/Report/4327