Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Evaluating Changes Made in Program 4.0 New Diversity Rules Provide a More Credible Incentive for Applicants. Compared to the version 3.0 diversity requirements, the upcoming changes in version 4.0 represent a more significant incentive for production companies to engage in DEIA activities, since 4  percent of the total credit is contingent on enacting and documenting specific initiatives.
https://lao.ca.gov/Publications/Report/5036

California State Library Budget [EdBudget]

May 7, 2025 - In 2024-25, consists of $4.0 million for disaster preparedness and $750,000 for broadband services. In 2025-26, consists of $68.9 million for local library infrastructure projects. d Consists of $2.4 million for disaster preparedness and $750,000 for LGBTQ historical archives preservation. e Less than $500,000. f In 2023-24 and 2025-26, consists of carryover funds for the
https://lao.ca.gov/Education/EdBudget/Details/928

1st Quarter 2021 Personal Income Report [EconTax Blog]

Jun 28, 2021 - Over the past four quarters, state wages and salaries are up 5.9 percent, the nation ’s just 4.0 percent.  
https://lao.ca.gov/LAOEconTax/Article/Detail/671

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - This increase applies to version 4.0 of the program from fiscal years 2025-26 through 2029-30 and is estimated to reduce state revenues by $209  million per year by 2028-29, and more than this in subsequent years.
https://lao.ca.gov/Publications/Report/5081

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - Ongoing General Fund support for the California State Library decreases by a net of $4.0  million (7.6  percent). This decrease mainly consists of a $2.5  million reduction for the Lunch at the Library program and a $1.8  million reduction for the California Library Services Act.
https://lao.ca.gov/Publications/Report/4926

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - This  would apply to version 4.0 of the credit for fiscal years 2025 ‑26 through 2029 ‑30. Expanding the Credit Is a Valid Approach to Increase Production Activity in California. Our  assessment of the available evidence suggests that increasing the size of the credit will increase the number of productions that choose to locate in California.
https://lao.ca.gov/Publications/Report/5000

Oversight of certain public benefit artificial intelligence (AI) companies. [Ballot]

Jan 20, 2026 - The measure would have the following major fiscal effects: Increased state costs that would likely be in the tens of millions of dollars annually to establish and operate a new regulatory commission overseeing certain public benefit AI com panies.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-033