Fixing Unemployment Insurance

Dec 2, 2024 - From 2011 through 2018, California businesses paid the federal surcharge to repay the loan principal while the General Fund made a total of $1.4  billion in interest payments. After Great Recession, Tax Rates Declined, Worsening an Already Poor Position.
https://lao.ca.gov/Publications/Report/4943

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Consequently, the Governor ’s proposal anticipates General Fund payments to 2011 Realignment totaling $7. 5  m illion. $24.7   Million Revenue Loss for Local Programs. Aside from 2011 Realignment, the administration ’s estimates suggest that the proposal would reduce local sales tax revenues by $24. 7  m illion.
https://lao.ca.gov/Publications/Report/4327

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Figure  4 shows film tax credit claims from 2011 to 2021. To date, taxpayers have used $571  million of credits from the first program to reduce their corporation tax payments. Much of the remaining credits have been claimed against sale taxes. $1.55   Billion Allocated Under Program 2.0.
https://lao.ca.gov/Publications/Report/4713

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

Feb 11, 2022 - GO ‑Biz was established statutorily in 2011 to be the lead entity for economic strategy and the marketing of California on issues relating to business development, private sector investment, and economic growth.
https://lao.ca.gov/Publications/Report/4529