Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - Of this amount, local governments paid roughly $140  million —1.5  percent —in rebates. This is: $3.50 per California resident. Similar to the amount of Bradley-Burns revenue for the City of Fresno. Similar to the amount of tax credits allocated by California Competes, one of the state ’s major economic development programs.
https://lao.ca.gov/Publications/Report/5074

The 2011-12 Budget: The Administration's Revenue Accrual Approach [Publication Details]

Jan 31, 2011 - In the administration's budget figures, this approach increases revenues available for the 2011-12 budget process by over $700 million and decreases the 2011-12 minimum funding guarantee for schools and community colleges by $1.5 billion below what it would have been otherwise.
https://lao.ca.gov/Publications/Detail/2420

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - We estimate that in 2014-15 parent-to-child exclusions reduced statewide property tax revenues by around $1.5  billion from what they would be in the absence of the exclusion. This is about 2.5  percent of total statewide property tax revenue.
https://lao.ca.gov/Publications/Report/3693

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - Over the lives of these buildings, we estimate the transaction would cost the state between $600 million and $1.5 billion. The Legislature will need to weigh how these costs compare to other alternatives for addressing the state’s budget shortfall.
https://lao.ca.gov/Publications/Detail/2261

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

Feb 28, 2025 - Further adjusting for this, the increase in the output of California ’s film industry associated with the tax credit decreases to around $1.5  billion, or just under 3  percent. As  discussed next, this should not necessarily be interpreted as increasing the total size of the state ’s  economy.
https://lao.ca.gov/Publications/Report/5000

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - A small portion of the increase relative to 2023 ‑24 (about $1.5  billion) reflects the continuing expansion of transitional kindergarten in 2024 ‑25 and 2025 ‑26. (The June 2021 budget plan contained an agreement to make all four ‑year olds eligible for transitional kindergarten by 2025 ‑26 and required the state to adjust the Proposition  98 requirement upward for the associated costs.)
https://lao.ca.gov/Publications/Report/4772

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

Mar 18, 2025 - Of the total funding amount, they propose $15.2  million for grants up to $500,000 per organization, $1.5  million for program and economic outcome reporting, and $300,000 for administrative fees related to implementation.
https://lao.ca.gov/Publications/Report/5018

The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion

May 14, 2018 - (The administration expects that more than 1.5  million filers will claim the EITC by the end of the year.) The average credit amount has decreased with the expansion, however —from about $840 to about $350 for filers with qualified dependent children and from about $120 to about $70 for filers without dependents —because there are many more filers with higher incomes, who receive smaller credits.
https://lao.ca.gov/Publications/Report/3835

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