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Economy and Taxes (3)
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The Rise of Remote Work: Effects on California's Labor Market

May 6, 2026 - We find: Key indicators of remote work declined from their early ‑pandemic peak to 2023. Declines in remote work since 2023 have been quite modest. Rates of remote work remain elevated far above pre ‑pandemic levels.
https://lao.ca.gov/Publications/Report/5182

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - The Governor ’s budget proposes to extend the California Competes Tax Credit program in its current form for an additional five years through fiscal year 2032-33. Analysis Program Trends Award Characteristics Have Changed Over Time.
https://lao.ca.gov/Publications/Report/5162

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

Feb 23, 2026 - These costs could take the form of lower spending on other programs or higher taxes or fees. For example, if CDTFA spends all of the money that the Governor has proposed, the department might need to raise tobacco r etail license fees as soon as 2027 ‑28.
https://lao.ca.gov/Publications/Report/5132