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

Jan 26, 2022 - Companies and individuals often incur operating losses associated with their business activities in some years. These companies are able to carry the net operating losses (NOLs) forward into future tax years and deduct NOLs from their operating income.
https://lao.ca.gov/Publications/Report/4500

The 2021-22 Budget: Extended Learning and Academic Support [Publication Details]

Jan 29, 2021 - In this post, we provide background on school closures and recent funding to address learning loss, describe the Governor’s proposal to allocate $4.6 billion to schools in spring 2021 to address student learning loss caused by the coronavirus disease 2019 pandemic, assess the proposal, and describe our recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/4326

The 2022-23 Budget: Department of Toxic Substances Control Reform Implementation

Jan 25, 2022 - The proposed amount reflects a decrease of $ 355  m illion, or   41  p ercent, compared to projected current ‑year expenditures. The  year ‑to ‑year change largely reflects some one ‑time funds the department received in 2021 ‑22  that are not sustained at the same levels in the 2022 ‑23  proposal, including the $300  million to address brownfields as well as funding related to the Exide  facility.
https://lao.ca.gov/Publications/Report/4497

Cannabis Tax Revenue Update [EconTax Blog]

Feb 23, 2022 - This weak growth rate stands in stark contrast to the rapid revenue growth that occurred in the first few years of cannabis licensing.  
https://lao.ca.gov/LAOEconTax/Article/Detail/726

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals

Mar 26, 2019 - California ’s Outstanding Budgetary Deferrals The state has already undone billions of dollars in outstanding budgetary deferrals, most notably, those involving payments to schools and community colleges.
https://lao.ca.gov/Publications/Report/3988

The 2022-23 Budget: Transportation Infrastructure Package

Feb 15, 2022 - Within IIJA, there is a new five ‑year federal surface transportation reauthorization that replaced the expired Fixing America ’s Surface Transportation (FAST) Act. In total, IIJA authorizes $567  billion in spending for federal transportation programs over five years, which is an increase of $274  billion above previous FAST Act spending levels over five years.
https://lao.ca.gov/Publications/Report/4536

California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision [EdBudget]

May 18, 2022 - Amount shown reflects anticipated spending in year two. 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 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/616

The 2022-23 Budget: Cap-and-Trade Expenditure Plan

Jan 25, 2022 - For example, the Governor ’s proposed budget includes $6.1 billion in total a five ‑year ZEV package, which includes $676 million from the GGRF. This is in addition to a $3.9 billion three ‑year package for ZEVs included in the 2021 ‑22 budget agreement.
https://lao.ca.gov/Publications/Report/4496

California New Business Creation: February 2022 [EconTax Blog]

Mar 16, 2022 - The standard pattern within a year is for a surge of new business formation at the beginning, then gradual declines as the year goes on. In 2020, new business creation was significantly disrupted by the COVID-19 pandemic.
https://lao.ca.gov/LAOEconTax/Article/Detail/727

The 2022-23 Budget: Wildfire Response Proposals

Jan 28, 2022 - For example, one alternative could be to approve some of these resources in the budget year and defer action on the remaining resources to a future year. (This could potentially be done without delaying the receipt of equipment, since some equipment such as the helicopters, will take multiple years to arrive regardless.)
https://lao.ca.gov/Publications/Report/4504