California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We then follow the steps described in Bollinger et al. (2019) and Machado and Mata (2005) to produce unconditional percentile estimates. The figures display the median value of the estimates across the various specifications.
https://lao.ca.gov/Publications/Report/4878/4

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

Feb 28, 2023 - At the same time, research on other types of public spending —such as K ‑12 education and workforce development —suggests comparable or better earnings benefits for workers (Heinrich et al. [2013], Jackson [2015], and Hollenbeck [2017]).
https://lao.ca.gov/Publications/Report/4713

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - This is slightly below an estimate by Blau et al. (2023) for the U.S. over the last 40 years and substantially higher than an estimate by Clemens et al. (2019) for the U.S. over the period from 2013 to 2016.
https://lao.ca.gov/Publications/Report/4878/3

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - Proposal $17  Million General Fund for New Round of CA RISE Grants. In this proposal, CalOSBA requests $17  million General Fund to implement a new round of grants to ESEs. Of the total funding amount, they propose $15.2  million for grants up to $500,000 per organization, $1.5  million for program and economic outcome reporting, and $300,000 for administrative fees related to implementation.
https://lao.ca.gov/Publications/Report/5018

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - In 2019, passenger fares and fees provided 17  percent of funding for these agencies. Forty-six percent came from other local revenues, while the state and federal governments provided 20  percent and 17  percent, respectively.
https://lao.ca.gov/Publications/Report/4890

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Child Tax Credit Under prior law, the CTC provided filers with income below $200,000 ($400,000 for joint filers) a credit of up to $2,000 for every dependent from ages 0 to 16, and up to $500 for dependents 17 and older.
https://lao.ca.gov/Publications/Report/4410

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - The operating deficits under our forecast are slightly larger —ranging from $14  billion to $20   billion —compared to those under the administration ’s forecast —ranging from $14  billion to $17  billion.
https://lao.ca.gov/Publications/Report/4772

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - Chapter  39 of 2020 (A B  1577 , Burke) and Chapter  17 of 2021 (A B  80 , Burke) partially conformed state tax laws to the federal treatment of forgiven PPP loans and EIDL advance grants. Taxpayers that are publicly traded companies or did not have at least a 25  percent reduction in gross receipts are excluded from this provision.
https://lao.ca.gov/Publications/Report/4501

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

Feb 11, 2022 - The Governor ’s budget proposes to increase TAEP by $6  million in 2022 ‑23, from $17  million to $23  million. The budget also would make the funding for TAEP and CIP permanent, a total of $26  million in 2023 ‑24 and  ongoing.
https://lao.ca.gov/Publications/Report/4529