Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - These additional General Fund payments have been counted toward Proposition  2. The 2017 ‑18 budget paid the last installment of the funds in this agreement. Estimates of Future Proposition  2 Debt Funding No Added Debt Funding Requirements in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3727

Building Reserves to Prepare for a Recession

Mar 7, 2018 - This would consist of two amounts: $13. 5  b illion in the BSA and $2. 3  b illion in the SFEU. The administration currently estimates a very small “true down ” to the BSA in 2017 ‑18, although that may change at the time of the May Revision.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Figure 2 LAO May 2018 Economic Growth Scenario a Percent Change Unless Otherwise Indicated 2017
https://lao.ca.gov/Publications/Report/3829

Assessing Recent Changes to California Competes

Mar 30, 2020 - Before the program was changed in 2018, 25  p ercent of the credits were set aside for small businesses —defined as having annual revenue below $ 2  m illion. In our 2017 r eport, we observed that there were too few eligible small business applicants to use all of the available credits.
https://lao.ca.gov/Publications/Report/4213

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - ” IZA Journal of Labor economics 2 (2013): 1 ‑23. Hollenbeck, Kevin, and Wei ‑Jang Huang. “Net impact and benefit ‑cost estimates of the workforce development system in Washington State. ” (2017). Jackson, C.
https://lao.ca.gov/Publications/Report/4713

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

May 14, 2018 - As we describe in our earlier analysis , the Legislature augmented FTB’s budget in 2016‑17 and 2017‑18 by $2 million for grants to other organizations to expand awareness of the EITC. The administration is not proposing any spending on EITC education and outreach—beyond the $900,000 typically allocated to FTB—this year.
https://lao.ca.gov/Publications/Report/3835

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - In both cases, (1)  the assumed level of savings is lower than what was assumed as part of the 2024-25 budget package and (2) savings that were assumed unallocated in 2024-25 are assumed to be distributed to departments in 2025-26 Control Section 4.05: Reduced Operational Costs Distributed to Departments.
https://lao.ca.gov/Publications/Report/5081

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - Step 2 of Figure  3 shows the process used in determining appropriations subject to the SAL. The first step is to determine revenues from proceeds of taxes. (Schedules 12B and 12  C in the Appendix of The 2017 ‑18 Governor ’s Budget Summary lists the revenues currently excluded from the SAL.)
https://lao.ca.gov/Publications/Report/3596

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - The 2017 c hanges to federal tax laws extend this accounting flexibility to most businesses with gross receipts of less than $ 25  m illion. Previously there were various lower gross revenue thresholds ranging from $ 5  m illion to $ 10  m illion.
https://lao.ca.gov/Publications/Report/3959

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - All three of these changes could have contributed to the trend shown in Figure  2 if (1)  The 25  percent rule was favoring smaller businesses above better-qualified applicants from larger firms, (2)  larger businesses provide better evidence on how the credit affects their decision-making, and (3)  larger firms are more likely to have, or participate in, job training programs.
https://lao.ca.gov/Publications/Report/5162