Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - Provisions of Proposition  2 Key Provisions of Proposition  2. Proposition  2 requires the state to make: (1) minimum annual payments toward certain eligible debts (until 2029 ‑30) and (2) deposits into the state ’s rainy day fund.
https://lao.ca.gov/Publications/Report/3727

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - We also summarize these considerations in Figure  2 . Figure 2 Key Considerations for Designing a Fiscal Relief Package Which groups of Californians to prioritize in providing relief? Which potential policies best align with the Legislature ’s relief priorities?
https://lao.ca.gov/Publications/Report/4597

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Selected References Arellano, Manuel and Stephane Bonhomme (2017). “Quantile Selection Models with an Application to Understanding Changes in Wage Inequality. ” Econometrica 85(1). Bollinger, Christopher and Barry Hirsch (2013).
https://lao.ca.gov/Publications/Report/4878/4

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Conversely, there is also the potential for a selection effect, whereby the version 4.0 requirements cause productions that are more diverse to select into California or productions that are less diverse to select out of California.
https://lao.ca.gov/Publications/Report/5036

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

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - The negative effects of cannabis appear to be linked in large part to the potency of the products used. Accordingly, a potency ‑based tax is a direct, consistent way to use taxes to discourage harmful use, so it scores well on this criterion.
https://lao.ca.gov/Publications/Report/4125

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

Jan 13, 2020 - Recommend Linking Base Increases With Clear, Explicit Expectations. By failing to link base funding increases to clear, specific state spending priorities, the administration effectively relinquishes important budget responsibilities.
https://lao.ca.gov/Publications/Report/4135

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - The administration estimates that the NOL suspension increased revenues by about $2  billion  in 2020 ‑21. Figure 1 NOLs Deducted by Selected Taxpayers 2019 Number of Returns With NOLs, Business Income >$1 Million Amount of NOLs Claimed (Billions) Personal Income Tax Returns
https://lao.ca.gov/Publications/Report/4500

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

Feb 23, 2026 - In the case of the Cannabis Tax Program, we note: The administration has not presented any arguments linking the General Fund ’s share of costs to its share of indirect benefits. This is not part of a broad, systematic effort to allocate costs based on indirect benefits.
https://lao.ca.gov/Publications/Report/5132

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - The ARP made two significant changes to the EITC for 2021: (1)  increased the credit amounts available to childless workers, and (2)  broadened the age range for eligible filers from 24 to 65 years old to 19 and over.
https://lao.ca.gov/Publications/Report/4410