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

Jan 26, 2022 - Background State Temporarily Raised Business Taxes to Address Anticipated Budget Problem. The onset of the COVID ‑19 pandemic had far ‑reaching negative impacts on the state economy and significantly impacted the state budget.
https://lao.ca.gov/Publications/Report/4500

Biannual Report on Truck Deliveries

Dec 1, 2021 - Cross-State Purchases of Large Trucks Are Uncommon. Although we could not acquire the data specified by the statute, some data from the Department of Motor Vehicles can help us put the general magnitude of cross-state large truck purchases into perspective.
https://lao.ca.gov/Publications/Report/4479

Improving California’s Unemployment Insurance Program [Publication Details]

Aug 8, 2022 - California's Unemployment Insurance (UI) program provides wage replacement to unemployed workers. The program has faltered during recent downturns, causing hardship for workers and their families, holding back the state's economic recovery, and spurring frustration among Californians with their government.
https://lao.ca.gov/Publications/Detail/4615

California’s Cannabis Taxes [Publication Details]

Feb 22, 2022 - Presented to: Senate Budget and Fiscal Review Subcommittee #4 on State Administration and General Government
https://lao.ca.gov/Publications/Detail/4559

The 2022-23 Budget: Fuel Tax Rates [Publication Details]

Feb 11, 2022 - This proposal presents the Legislature with a tradeoff between reducing fuel expenses and funding state highway projects. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4528

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - New state spending may ( 1)  d irectly increase state employment; ( 2)  i ncrease state purchases of goods and services from the private sector; and/or ( 3)  i ncrease private ‑sector employment, spending, and investment.
https://lao.ca.gov/Publications/Report/4331

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Accordingly, we suggest that the Legislature generally avoid enacting or expanding such locally funded state policies. Proposals That Reduce State Revenues. Most commonly, state tax incentives reduce state revenues.
https://lao.ca.gov/Publications/Report/4327

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [Publication Details]

Jan 26, 2022 - This 2022-23 budget post provides background on federal COVID-19 business assistance programs and describes the Governor’s proposal to modify state tax laws as they relate to some of these grant programs. This post also provides some comments to the Legislature on the Governor’s proposal.
https://lao.ca.gov/Publications/Detail/4501

An Update on California’s Cash Management Situation

Aug 31, 2020 - State Controller Uses a Variety of Techniques to Manage Cash Position. The General Fund ’s daily cash situation is monitored and managed by the State Controller ’s Office (SCO). (The daily cash situations of other state funds, like special funds, are primarily managed by state departments.)
https://lao.ca.gov/Publications/Report/4266

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - State EITC Unaffected by Federal Changes. These changes are not expected to affect California ’s own EITC, as its relevant provisions are specified in state statute and are not linked to the federal provisions that changed under the ARP.
https://lao.ca.gov/Publications/Report/4410