The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - We estimate the Governor ’s budget predicts the state ’s 2024-25 budget will need to address a $58 billion deficit . In December, our office predicted a somewhat large deficit of $68 billion . Since then, recent data has continued to point to the budget problem being larger than the Governor’s budget assumes.
https://lao.ca.gov/Publications/Report/4846

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

Feb 11, 2022 - Consequently, Visit California has increased its net assets from $20  million at the beginning of 2019 ‑20 to $58  million by the end of 2021 ‑22. Additional State Funding for Marketing Appears Unnecessary.
https://lao.ca.gov/Publications/Report/4529

Fixing Unemployment Insurance

Dec 2, 2024 - For a worker making less —say , for example, minimum wage —employers would pay around $600 per year under this rate. Figure 13 Recommended UI Average Tax Rates Assumes Taxable Wage Base of $46,800 Standard rate
https://lao.ca.gov/Publications/Report/4943

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - To shed light on this issue, we next compare the statewide minimum wage to housing costs across California ’s 58 counties. Measuring Housing Affordability. To assess housing affordability for minimum-wage workers, we compare monthly earnings for full-time workers making the main minimum wage in each county to HUD ’s estimate of “fair market rent ” for housing in that county.
https://lao.ca.gov/Publications/Report/4878/3

The 2021-22 Budget: Golden State Stimulus [Publication Details]

Jan 22, 2021 - This handout provides an overview of the Governor's budget proposal to provide a one-time $600 refund to certain low-income workers, evaluates the Governor's proposal, and provides a more targeted alternative for the Legislature to consider.
https://lao.ca.gov/Publications/Detail/4317

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - The administration estimates that the resulting revenue loss to the state in the budget  year would be  up to $600   million. The proposal would backfill the lost revenues from the diesel sales tax that support transit programs with the General  Fund.
https://lao.ca.gov/Publications/Report/4597

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The Governor ’s budget provides a total of $1.2  billion over two years ($600  million in 2022 ‑23 and $600  million in 2023 ‑24) for a new goods movement infrastructure program to be administered by CalSTA.
https://lao.ca.gov/Publications/Report/4540

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Ultimately, more than half of the claims —600 ,000 of the 1.1   million —flagged as fraudulent were confirmed as legitimate. For these workers, the process to reestablish their UI payments took several weeks (during which they received no UI payments).
https://lao.ca.gov/Publications/Report/4615

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - There were nearly 1, 600 i nitial public offerings in the United States in 2020, a 42  p ercent increase over 2019. With the stock market at all ‑time highs, many other corporations raised capital by selling additional shares of stock.
https://lao.ca.gov/Publications/Report/4327