An Update on California’s Cash Management Situation

Aug 31, 2020 - While uncertainty about the state ’s budget and cash situations is still high, the state ’s cash management outlook for 2020-21 is positive. Positive Cash Management Outlook General Fund Cash Position.
https://lao.ca.gov/Publications/Report/4266

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

May 14, 2018 - The 2018-19 Budget: The May Revision—State Earned Income Tax Credit Expansion State Earned Income Tax Credit Expansion Background State Earned Income Tax Credit (EITC) Boosts Low-Income Households ’ Earnings.
https://lao.ca.gov/Publications/Report/3835

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach The 2018-19 Budget California Earned Income Tax Credit Education and Outreach After California adopted a state earned income tax credit (EITC) in 2015, fewer than half the number of individuals claimed the credit than the administration initially projected.
https://lao.ca.gov/Publications/Report/3826

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

Mar 6, 2019 - Figure 5 Benefits May Decline as Minimum Wage Rises Full Year Earnings Based on 50 Weeks Minimum Wage a , $/hr Full Year Earnings at Minimum Wage: EITC Benefit:
https://lao.ca.gov/Publications/Report/3960

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Earned Income Tax Credit Expands Eligibility for California Earned Income Tax Credit (EITC). The California EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4270

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Small businesses can instead use the simpler cash accounting method. Under cash accounting, businesses recognize revenue and expenses as they occur. Federal CT laws define a small business as a corporation or a partnership with a corporate partner that has annual gross receipts under $25  million.
https://lao.ca.gov/Publications/Report/4100

Managing California’s Cash

Sep 3, 2019 - Under the plan, the Controller has transferred $ 6  b illion from the PMIA to CalPERS, which CalPERS has invested to help pay down its unfunded liability, earning an expected return of 7  p ercent per year.
https://lao.ca.gov/Publications/Report/4092

Volatility of the Personal Income Tax Base

Feb 8, 2017 - Imputed interest includes investment income earned on insurance policies, the value of implicit services provided by banks and other lenders, and interest earned on employee pension plans. Transfer Payments.
https://lao.ca.gov/Publications/Report/3548

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

Mar 18, 2025 - Overall, most programs increase employment and earnings among participants while receiving a subsidy. However, the ultimate goal is to improve long-term employment prospects of these workers. Research suggests that it is less common that programs lead to h igher employment or earnings after the subsidy ends.
https://lao.ca.gov/Publications/Report/5018

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - For respondents who report usual weekly earnings and hours but not hourly wages, we calculate the hourly wage by dividing usual weekly earnings by weekly hours. We default to using usual weekly hours, but we use last week ’s hours if usual hours are not available.
https://lao.ca.gov/Publications/Report/4878/4