The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - The prominence of advanced manufacturers among credit recipients is consistent with the intent of the program, since (1)  these types of facilities can locate in many parts of the United States, making tax incentives a potential deciding factor, and (2)  they tend to provide relatively well-paid jobs, which increases the competitiveness of their applications.
https://lao.ca.gov/Publications/Report/5162

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

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

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

Feb 23, 2026 - Direct the administration to make any future adjustments needed to support the program without spending any money from the General Fund. Reduce CDTFA ’s General Fund appropriation by the amount of the department ’s annual General Fund spending on the Cannabis Tax Program (as these funds clearly are not needed).
https://lao.ca.gov/Publications/Report/5132

Review of the California Competes Tax Credit

Oct 31, 2017 - In order for the credit program to be successful, it must change a business ’s decision ‑making in such a way that increases jobs and/or capital investment in California. GO ‑Biz can attempt to focus on certain factors that maximize this impact.
https://lao.ca.gov/Publications/Report/3709

Assessing Recent Changes to California Competes

Mar 30, 2020 - While an increased focus on demonstrated job creation is a positive step, the challenge remains that enforcing this threshold unavoidably requires GO ‑Biz to make subjective judgments. The October 2019 GO ‑Biz report included detailed narrative justifications for each award that was made in the 2018 ‑19 fiscal year.
https://lao.ca.gov/Publications/Report/4213

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - Make Part ‑Time Employment Eligible for a Credit. The proposed credit would only be available to employers that hire new full ‑time qualified employees. This requirement assumes that a full ‑time job is preferable to a part ‑time job when that may not always be the case.
https://lao.ca.gov/Publications/Report/3784

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - Alternatively, the Legislature could consider making these adjustments in a few steps between July 2022 and July 2023. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4528

Fixing Unemployment Insurance

Dec 2, 2024 - While it is reasonable to expect that some workers would make too much money for UI to replace half of their earnings, California ’s benefit levels only meet the federal wage replacement standard for half of the state ’s workers.
https://lao.ca.gov/Publications/Report/4943

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - In addition to existing program criteria, an applicant would need to meet one of the following criteria to qualify for a grant: Establish at least 500 n et new jobs. Make a significant infrastructure investment, as defined by the director of GO ‑Biz.
https://lao.ca.gov/Publications/Report/4327

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - The state is prohibited from borrowing money to finance state operations. In most cases, voters must approve new bond authority before the state can raise the funds —a process that increases the amount of time between when the need for stimulus is identified and when any new spending may occur.
https://lao.ca.gov/Publications/Report/4331