Statewide Minimum Wage Increasing in January

Dec 6, 2016 - Some Local Governments Will Have Higher Minimum Wages on January 1st … The initial increase to $10.50 per hour will affect workers in most parts of the state. In some places, however, local governments have already raised their minimum wages above $10.50 per hour.
https://lao.ca.gov/Publications/Report/3512

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - Consequently, we advise the Legislature to treat July  1st fuel tax changes as an “early action ” item to resolve in advance of the main budget package. Slightly Lower Prices at the Pump. Available  evidence suggests that lower excise taxes likely would result in lower retail prices.
https://lao.ca.gov/Publications/Report/4528

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

Feb 15, 2022 - Short ‑Term vs. Long ‑Term Strategies. The  current supply chain disruptions are the result of both short ‑term issues, such as greater consumer demand, as well as long ‑term issues, such as the capacity and resilience of the goods movement system.
https://lao.ca.gov/Publications/Report/4540

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Innovative Clean Transit (ICT) Regulation Conventional Buses vs. ZEBs. The ZEB exemption, the ICT regulation, and various other policies make a distinction between conventional buses and ZEBs. Conventional buses burn diesel, compressed natural gas, or other fuels that emit greenhouse gases (GHGs) and other air pollutants.
https://lao.ca.gov/Publications/Report/4890

The Property Tax Inheritance Exclusion

Oct 9, 2017 - Consequently, monthly ownership costs for these homeowners were around $1,000 less than the typical homeowner ($1,650 vs. $670). Because most inherited homes have been owned for decades, children typically are receiving a property with lower ownership costs.
https://lao.ca.gov/Publications/Report/3706

Taxation of Sugary Drinks

Nov 26, 2018 - Key Trade ‑Off: Main Policy Goal vs. Other Health Effects. The potential exclusion of 100  p ercent juice illustrates a general trade ‑off in the design of sugary drink taxes. Some sugary drinks contain beneficial nutrients.
https://lao.ca.gov/Publications/Report/3903

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Under the second statute, the trigger would occur if ( 1) t he “General Fund reserve ” exceeds about 3  p ercent of revenues (currently, around $ 4  b illion) and ( 2) a ctual General Fund revenues between May 1st and September 30th exceed the administration ’s forecasted amounts.
https://lao.ca.gov/Publications/Report/3769