The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Regardless, taking the concerns as given, the primary consequence of selling revenue bonds without an additional $50  million General Fund cash cushion likely would be modestly higher borrowing costs.
https://lao.ca.gov/Publications/Report/4846

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - State Faces Large Budget Shortfall As noted earlier, the state ’s budget condition likely necessitates ongoing spending reductions, revenue increases, or both. As such, ongoing General Fund commitments —including tax expenditures —should clear a very high bar of need.
https://lao.ca.gov/Publications/Report/4890

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

Mar 18, 2025 - As CA RISE is open to a broader but overlapping target population as LA:RISE and works with many of the same ESEs, CA RISE participants likely had similar characteristics prior to CA RISE participation.
https://lao.ca.gov/Publications/Report/5018

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - The proposed credit would still exclude temporary help agencies, bars, and casinos from claiming the tax credit. Such exclusions likely will reduce the credit ’s use. In addition, limiting the industries eligible for the credit reduces the potential job opportunities for targeted workers.
https://lao.ca.gov/Publications/Report/3784

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - The RRF program was created in March 2021 to make grants to eligible restaurants, caterers, and bars that experienced a decline in revenue during the pandemic. The RRF grants replace up to $10 million in lost revenues.
https://lao.ca.gov/Publications/Report/4501

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - As the name suggests, above the line deductions are calculated above the line on the federal tax form that separates the section where AGI is determined from the section where taxable income and tax liability are determined.
https://lao.ca.gov/Publications/Report/3703

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

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Namely, those tax credits could have been awarded to another applicant who would have been more likely to achieve their milestones. However, as we discuss next, this has not been the case in the last few years of the program.
https://lao.ca.gov/Publications/Report/5162

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Initially, the benefit declines rapidly, as shown by the steep line after the peak and before the kink in Figure 3 . Within this income range (to the left of the kink) EITC benefits decrease at the same rates they increase before the peak (for example, 34 c ents for each additional $ 1 e arned for a worker with two dependents).
https://lao.ca.gov/Publications/Report/3960

Updating the California Necessities Index

Aug 14, 2025 - Therefore, the BLS will likely continue publishing the statistics required to calculate these s tatistics, making this option likely more robust to future publication decisions. Recommendation Rank of Options.
https://lao.ca.gov/Publications/Report/5065