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

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

Nov 16, 2022 - Both types of projects may be infrastructure in the broad sense, with differences —like ownership of the asset —making one but not the other eligible for administrative augmentation. As  the Legislature considers the Governor ’s budget, we suggest it also consider which programs have preexisting processes for adjusting for inflation and which do not and whether automatic adjustments align with its priorities.
https://lao.ca.gov/Publications/Report/4647

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - FTB could have difficulty recovering grant funds from certain businesses, such as those with minimal assets or under bankruptcy protection. The Legislature could consider putting in place additional guardrails, such as setting a maximum grant amount or requiring that grants only be paid upon the business meeting its commitments.
https://lao.ca.gov/Publications/Report/4327