The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Under our economic scenario, the S &P 500 drops by about 8 percent in 2019. Accordingly, estimated net capital gains decrease to about $135 billion in 2019 and remain around that level through 2022. Corporation Tax (CT) Revenues Up Significantly in 2017-18.
https://lao.ca.gov/Publications/Report/3830

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Roughly one-quarter have some college education but do not hold a bachelor ’s degree. In contrast, roughly three-quarters of mid-to-high-wage workers attended college, and half hold a bachelor ’s degree.
https://lao.ca.gov/Publications/Report/4878/1

Assessing Recent Changes to California Competes

Mar 30, 2020 - For 2018 ‑19, a total of $219. 8  m illion was available ($ 180  m illion plus $39. 8  m illion of recaptured credits). GO ‑Biz predetermines a set amount of credits it will award to applicants in each period.
https://lao.ca.gov/Publications/Report/4213

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This amount includes $10  million for Federation Internationale de Football Association (FIFA) World Cup security costs, $10  million for Family Justice Centers, and $8  million to the City of Los Angeles for fire engine purchases.
https://lao.ca.gov/Publications/Report/5081

Common Claims About Proposition 13

Sep 19, 2016 - In many cases, greater gains can be achieved by delaying development until real estate markets are strong or holding out for the optimal development opportunity. Land owners also incur costs, including property taxes, to hold on to land for future development.
https://lao.ca.gov/Publications/Report/3497

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

Feb 23, 2026 - The Governor proposes $3.3  million of augmentations in 2026 ‑27 and ongoing to address enforcement responsibilities stemming from a new law on hemp ‑derived cannabinoids (Chapter  248 of 2025 [AB  8, Aguiar ‑Curry]).
https://lao.ca.gov/Publications/Report/5132

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Hold More Wealth. Because older homeowners have owned their homes for longer, the amount of home equity they hold also tends to be higher. (Equity is the difference between the market value of a home and the debts held against the home, such as a mortgage.)
https://lao.ca.gov/Publications/Report/3885

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Nonetheless, finance and real estate companies often hold significant assets. Figure  3 shows that financial companies own 55  p ercent —nearly $ 18  t rillion in 2017 —of the total assets owned by all LLCs and partnerships.
https://lao.ca.gov/Publications/Report/4207

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - If the Legislature moves forward with a proposal like the Governor ’s, we suggest it include a mechanism to hold the MHSF harmless. Federal Tax Policy Is Especially Uncertain at This Time. The recent transition of the federal administration and shift of control in the U.S.
https://lao.ca.gov/Publications/Report/4327

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Over the last decade, two statutes —Chapter  351 of 2013 (AB  10, Alejo) and Chapter  4 of 2016 (SB  3, Leno) —gradually have increased California ’s statewide minimum wage from $8 per hour to $16 per hour.
https://lao.ca.gov/Publications/Report/4878