The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

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

Mar 6, 2019 - The proposal also would modestly increase EITC benefits for an estimated 1. 2  m illion workers (about 60  p ercent of whom would have no dependents) who have relatively low income but are nonetheless above the poverty line.
https://lao.ca.gov/Publications/Report/3960

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Although below ‑the ‑line positions make up the large majority of workers in the motion picture industry, some studies have documented a relationship between the gender/race/ethnicity of executive positions (such as director/producer) and the downstream diversity of cast and crew for that production.
https://lao.ca.gov/Publications/Report/5036

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - California is also the only program in our comparison that does not allow any so called “above ‑the ‑line spending, ” such as wages for directors, writers, and actors, to count toward expenditures for credit purposes.
https://lao.ca.gov/Publications/Report/5000

Building Reserves to Prepare for a Recession

Mar 7, 2018 - By most measures, the recession of the early 1990s was more severe than the dot ‑com bust in the early 2000s. For example, unemployment in California reached 9. 7  p ercent in mid ‑ to late ‑1992, but peaked at 6. 9  p ercent after the dot ‑com bust.
https://lao.ca.gov/Publications/Report/3769

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - The number of ZEBs purchased in advance of the ICT time lines. The ICT ’s minimum ZEB purchase requirements began in 2023, while bus fleet data currently are available through 2022. As a result, these two performance indicators are effectively identical.
https://lao.ca.gov/Publications/Report/4890

Fixing Unemployment Insurance

Dec 2, 2024 - UI Take ‑Up Rate Is In ‑Line With Other State and Federal Benefit Programs. The national UI take ‑up rate among eligible unemployed workers is roughly similar to estimated statewide take ‑up rates in other programs.
https://lao.ca.gov/Publications/Report/4943

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

May 8, 2018 - Figure  1 below shows the credit amount available to single filers under the prior-law EITC (dashed line) and the expanded EITC (solid line). The expanded EITC keeps the same structure at the lower end of the income range, but phases out the credit more slowly for those tax filers with relatively higher incomes.
https://lao.ca.gov/Publications/Report/3826