The 2026-27 Budget: California Competes Extension [Publication Details]

Mar 18, 2026 - This post assesses the Governor’s proposal to extend the California Competes Tax Credit program.
https://lao.ca.gov/Publications/Detail/5162

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

Assessing Recent Changes to California Competes

Mar 30, 2020 - In their October 2019 r eport to us, GO ‑Biz describes how they implemented the new requirement. GO ‑Biz treats this requirement as a mandatory threshold. GO ‑Biz rejects applications that cannot explain or show how the credit will create a net increase in California employment.
https://lao.ca.gov/Publications/Report/4213

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

Mar 18, 2025 - The Governor ’s budget proposes a one-time General Fund appropriation of $25  million in 2025-26 for GO-Biz to support capital expenditures incurred during the development of the DCF. After Natcast incurs these expenses, it could submit requests for reimbursement to GO-Biz until July 31, 2027.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: Governor’s Office of Business and Economic Development [Publication Details]

Mar 18, 2025 - The Governor’s budget includes several proposals under the Governor’s Office of Business and Economic Development (GO-Biz). In this post we evaluate and provide recommendations for three of these proposals: California Competes Grants, California Regional Initiative for Social Enterprises Grant Program, and CHIPS.
https://lao.ca.gov/Publications/Detail/5018

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - One notable outlier to this pattern is a report from the Los Angeles County Economic Development Corporation, who cla im to find a small fiscal benefit associated with the film tax credit. The Los Angeles County Economic Development Corporation estimates, however, very likely are overstated.
https://lao.ca.gov/Publications/Report/5000

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The grants would be administered by GO‑Biz. GO‑Biz is still developing this proposal, but it has suggested that the grant funding could be used to improve data interconnectivity between the ports to enable efficient cargo movement.
https://lao.ca.gov/Publications/Report/4540

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - This post provides some background about the Governor ’s Office of Business and Economic Development (GO ‑Biz), describes the Governor ’s budget proposals for GO ‑Biz, and offers comments and issues for the Legislature to  consider.
https://lao.ca.gov/Publications/Report/4529

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

Feb 23, 2026 - Most sales tax revenues go to local government programs, so they likewise derive benefits from cannabis enforcement. CDTFA has not, however, used reimbursements from local governments to support the Cannabis Tax Program.
https://lao.ca.gov/Publications/Report/5132

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - LAO Comments Repeal Ongoing Aspect of Mandate by Eliminating Printing Requirement … We recommend the Legislature remove the disclosure requirement in Chapter  712, which would have the effect of repealing the mandate (and mandate costs) going forward.
https://lao.ca.gov/Publications/Report/5130