The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video]

The 2022-23 Budget: California's Fiscal Outlook Press Availability - The 2022-23 Budget: California's Fiscal Outlook Press Availability [Video] Search LAO Videos The 2022-23 Budget: California 's Fiscal Outlook Press Availability November 17, 2021 Legislative Analyst Gabriel Petek hosts a video call with members of the press
https://lao.ca.gov/Videos/Player?playlistId=116

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - However, in a recession excess capital gains likely will be low or zero and Proposition 2 debt funding only results from the calculation’s base amount. In our Fiscal Outlook estimates, under a recession scenario, Proposition 2 debt payment funding would be about $400 million lower in each 2019‑20 and 2020‑21 and $250 million lower in 2021‑22.
https://lao.ca.gov/Publications/Report/3727

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - The 2021 federal Infrastructure Investment and Jobs Act will provide at least an additional $2  billion per year over five years for state and local transportation projects. Governor ’s Proposal Lower Fuel Tax Rates in 2022 ‑23.
https://lao.ca.gov/Publications/Report/4528

The 2020-21 Budget: California Department of Tax and Fee Administration (CDTFA)

Mar 20, 2020 - CDTFA audited roughly 2  percent of accounts in 2017 and 2018 —well short of the 3 percent requirement. The International Fuel Tax Association plans to review California ’s compliance with the agreement in 2021.
https://lao.ca.gov/Publications/Report/4205

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - The 2022-23 Budget: Temporary Limits on Business Tax Provisions The 2022‑23 Budget Temporary Limits on Business Tax Provisions Summary. This post provides background on temporary limits on the use of net operating loss deductions and business tax credits.
https://lao.ca.gov/Publications/Report/4500

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Under the budget package, businesses may not claim more than $5  million in tax credits per year in 2020, 2021, and 2022. The 2020 ‑21 Budget Act assumes that limiting credits increases revenues by $2  billion in 2020 ‑21.
https://lao.ca.gov/Publications/Report/4270

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - Since the flavor ban, however, revenues have declined much faster, from $1.84  billion in 2021-22 to $1.6  billion in 2022-23, then to $1.35  billion in 2023-24 (not including the new tax on electronic cigarettes).
https://lao.ca.gov/Publications/Report/4966

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

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - If the state were to eliminate the provision prospectively for inheritances of people who die after July 1, 2020, we estimate increased PIT revenue of about $120  million in 2020 ‑21, $450  million in 2021 ‑22, and $615  million in 2022 ‑23, with further increases in later years.
https://lao.ca.gov/Publications/Report/4238

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Expand Export Training Network. $2  million, one time, to expand an existing program in the international affairs and trade unit of GO ‑Biz that helps business owners export their products to other countries.
https://lao.ca.gov/Publications/Report/4529