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

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

Updating the California Necessities Index

Aug 14, 2025 - Option D, which reflects, in part, changes in prices of luxury goods and services, does not sufficiently capture the current CNI concept and is not historically similar enough. Change Required For 2026 ‑27  Budget.
https://lao.ca.gov/Publications/Report/5065

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Over the last decade, California ’s nominal minimum wage has doubled from $8 per hour to $16 per hour. The state ’s minimum wage is now more than double the federal minimum wage, which has been $7.25 per hour since 2009.
https://lao.ca.gov/Publications/Report/4878/3

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Specifically, to avoid double counting previously provided funds or because specific data are not available, we do not include projects for which funding is: (1)  continuously appropriated, such as some bond funds; (2)  reappropriated, which provides additional time for the completion of the project; (3)  reverted, if a project ended or requires modification; (4)  previously
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2025 - GO-Biz selects applicants via a competitive application process and negotiates individual agreements with each successful applicant, including year-by-year milestones an d corresponding credit allocations.
https://lao.ca.gov/Publications/Report/5018

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - (This would add to the double ‑digit budget problem for 2024 ‑25 already projected under both our and the administration ’s estimates, as we describe below.) LAO Spending Estimates Over $10   Billion Higher Than the Administration by 2026 ‑27.
https://lao.ca.gov/Publications/Report/4772

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

Feb 28, 2023 - Owens, Mark F., and Adam D. Rennhoff. “Motion picture production incentives and filming location decisions: a discrete choice approach. ” Journal of Economic Geography 20.3 (2020): 679 ‑709. Rickman, Dan, and Hongbo Wang.
https://lao.ca.gov/Publications/Report/4713

Fixing Unemployment Insurance

Dec 2, 2024 - When first established, the state was toward the bottom of the schedules (Schedule D) —corresponding to relatively high rates —and had a sizable reserve for the time. 1984 Legislation Also Put Forth State ’s Current Experience Rating System.
https://lao.ca.gov/Publications/Report/4943

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - The Legislature is likely to face a double challenge this year: a budget problem coupled with continued, elevated inflation. As the Legislature works to address the budget problem, we suggest policymakers consider the unique impacts of inflation on each of the state ’s major spending programs in conjunction with possible budget solutions.
https://lao.ca.gov/Publications/Report/4647

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

Feb 15, 2022 - Without a clear understanding of how much funding the state is eligible for, an d for what types of projects, it is difficult to ascertain how state funding can best complement federal funds and how state funds could be leveraged to maximize federal funds.
https://lao.ca.gov/Publications/Report/4540