The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - For example, a business that pays a new qualified employee $20. 00 p er hour in 2018 c ould receive a tax credit based on 35  p ercent of $3. 50 p er hour ($20. 00 m inus $16.50), or $1. 23 p er hour.
https://lao.ca.gov/Publications/Report/3784

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - Taken together, these facts suggest that many loans are de facto additions to board members ’ staff in excess of budgetary authority. LAO Recommendation Use Provisional Language to Restrict Board Members ’ Use of Resources.
https://lao.ca.gov/Publications/Report/3609

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Changes made to the program in 2018 likely explain much of this trend. Specifically, the 2018 budget package: Removed a requirement that 25  percent of credits be reserved for businesses with less than $2  million in annual revenue.
https://lao.ca.gov/Publications/Report/5162

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The budget package ma de two changes to ABLE account rules to conform to 2017 changes in federal law. The first change was to allow beneficiaries of ABLE accounts that have their own income to contribute amounts up to the federal poverty level to their own ABLE accounts.
https://lao.ca.gov/Publications/Report/4100

Assessing Recent Changes to California Competes

Mar 30, 2020 - LAO Assessment of The Program in 2018‑19 Modified Program Appears to Be Better Targeted. The changes made to the program in 2018 appear to have more narrowly targeted the program to tradable businesses.
https://lao.ca.gov/Publications/Report/4213

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - Incorporating the final 2016 ‑17 data —as well as our estimates for 2017 ‑18 and 2018 ‑19 —reduces state room by $2.5  billion in 2016 ‑17, $1.7  billion in 2017 ‑18, and $610  million in 2018 ‑19 (relative to the administration ’s January 2018 estimates).
https://lao.ca.gov/Publications/Report/3800

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - The 2018-19 May Revision: LAO Revenue Outlook The 2018-19 May Revision LAO Revenue Outlook This post details our General Fund revenue outlook for 2016-17 through 2021-22. Our estimates of General Fund revenues and transfers for the “budget window ” —2016-17 through 2018-19 —are $2.6 billion above the administration ’s May 2018 revenue forecast.
https://lao.ca.gov/Publications/Report/3830

The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - Figure 2 Administration ’s Proposition  55 Calculations in 2018 ‑19 (In  Billions)
https://lao.ca.gov/Publications/Report/3844

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - Governor Proposes $714   Million for These Tax Agencies in 2018 ‑19. The administration ’s 2018 ‑ 19 b udget proposal includes $ 30  m illion for BOE, $ 664  m illion for CDTFA, and $ 20  m illion for OTA.
https://lao.ca.gov/Publications/Report/3796

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The 2018-19 May Revision: LAO Economic Outlook The 2018-19 May Revision LAO Economic Outlook Our office just released a summary of our updated state fiscal outlook for the May Revision . Our fiscal outlook is premised on a set of economic assumptions.
https://lao.ca.gov/Publications/Report/3829