Federal Paid Leave for Workers Impacted by COVID-19

Mar 27, 2020 - The law will be in effect until the end of the calendar year. Businesses Would Receive Federal Tax Credits to Cover Paid Sick Leave Costs. Employers that provide paid sick leave under H.R. 6201 would receive refundable tax credits each quarter that reduce their federal Social Security payroll taxes by the amount of paid sick leave provided.
https://lao.ca.gov/Publications/Report/4212

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 14, 2023 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2022. Number of Patients Served. In 2022, licensees identified 47,371 transactions as medicinal donations.
https://lao.ca.gov/Publications/Report/4777

The 2022-23 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Feb 2, 2022 - In response to this requirement, the Governor ’s outyear budget assumptions include $296  million General Fund in 2023 ‑24 (increasing to $593  million General Fund in 2024 ‑25) to increase all SSP grants by 23.95  percent on January 1, 2024.
https://lao.ca.gov/Publications/Report/4514

Update on State and School District Reserves

Apr 5, 2020 - (These figures exclude the Proposition 98 School Reserve, which is described more in the next section.) Finally, the balance of the SFEU currently is nearly zero. Although the state enacted an SFEU level of $1.4 billion for 2019‑20, the administration transferred $1.3 billion from the SFEU to the state’s disaster fund to address the effects of coronavirus disease 2019 (COVID-19) pursuant to a letter dated March 25, 2020.
https://lao.ca.gov/Publications/Report/4216

The 2020-21 Budget: Medical Education Analysis

Feb 20, 2020 - Last Year, Legislature Expressed Intent to Approve a Future UC Merced Medical Facility. In addition to approving a UC Riverside medical school project, the 2019 ‑ 20 b udget authorized UC to pursue a new medical school project at or near the Merced campus.
https://lao.ca.gov/Publications/Report/4166

An Update on California's Film Tax Credit Programs [EconTax Blog]

Jul 22, 2019 - In 2009, the Legislature created a tax credit to reduce production companies ’ tax liabilities by up to 25 percent of certain production expenses. Total credits were capped at $100 million annually statewide.
https://lao.ca.gov/LAOEconTax/Article/Detail/388

The 2023-24 Budget: University of California

Feb 15, 2023 - Most capital projects of this scale are debt ‑financed, with costs effectively spread over many years consistent with a facility ’s useful life. Using such an approach, the state would save a total of $154.5  million General Fund from 2022 ‑23 through 2024 ‑25.
https://lao.ca.gov/Publications/Report/4684

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - The administration currently estimates that retail excise tax revenue was $157 million in the second quarter of calendar year 2023 (April through June). The revised estimate for the first quarter of 2023 (January through March) is now $129 million, substantially higher than the $104 million preliminary estimate announced in May.
https://lao.ca.gov/LAOEconTax/Article/Detail/781

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - The administration currently estimates that retail excise tax revenue was $157 million in the second quarter of calendar year 2023 (April through June). The revised estimate for the first quarter of 2023 (January through March) is now $129 million, substantially higher than the $104 million preliminary estimate announced in May.
https://lao.ca.gov/LAOEconTax/article/Detail/781

Annual Revision Shows State Added Few Jobs Last Year [EconTax Blog]

Mar 13, 2024 - Annual Revision Shows State Added Few Jobs Last Year [EconTax Blog] Annual Revision Shows State Added Few Jobs Last Year March 13, 2024 Chas Alamo Federal Officials Rebench Monthly Jobs Figures Each Year to Match Payroll Records.  
https://lao.ca.gov/LAOEconTax/Article/Detail/801