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 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - The 2024-25 budget package required CDE to set aside up to $35  million of its 2025-26 GVPSS allocation for providing youth behavioral health training to staff who work directly with students in grades 7 through 12.
https://lao.ca.gov/Publications/Report/4970

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Half of Low-Wage Workers Are 35 or Older. Although many low-wage workers are young, many others are old enough to be well into their careers. Roughly half are at least 35 years old. One-Quarter of Low-Wage Workers Are 50 or Older.
https://lao.ca.gov/Publications/Report/4878/2

Fixing Unemployment Insurance

Dec 2, 2024 - In California, about 40  percent of all unemployed workers receive UI benefits —ranging from 35  percent to 50  percent over time —giving California the 10th highest take ‑up rate nationally among all workers.
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 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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The F-statistic for this pair of regressors in the response equation generally is between 33 and 35, depending on the specification. The full-time median estimates in Figure  6 are the exception: when we limit the sample to full-time workers only, the F-statistic is around 22 to 23.
https://lao.ca.gov/Publications/Report/4878/4

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Under permanent law, filers can claim a nonrefundable credit of between 20  percent and 35  percent (depending on income) of the first $3,000 of annual expenses for one child under the age of 13 or the first $6,000 (combined, not individually) for two or more children.
https://lao.ca.gov/Publications/Report/4410

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - California ’s employer appeals result in overturned decisions about as often as other states (35  percent). We illustrate the potential magnitude of overturned denials in the box below. What Amount of UI Payments Went Unpaid Due to Improper Denials?
https://lao.ca.gov/Publications/Report/4615

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The administration estimates that the resulting reductions in General Fund revenue would be $ 10  m illion in 2021 ‑22, $ 35  m illion in 2022 ‑23, $ 50  m illion in 2023 ‑24, and $ 85  m illion in later years.
https://lao.ca.gov/Publications/Report/4327