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 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - In particular, state law directs our office to report on the annual state costs for new mandates and make recommendations to the Legislature as to whether the new mandates should be (1)  repealed (permanently eliminating it or making it optional), (2)  suspended (rendering it inoperative for one year), (3)  modified, or (4)  funded.
https://lao.ca.gov/Publications/Report/5130

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  3, although California ’s nominal minimum wage has doubled over the last decade, the hourly wage gap between low-wage (10 th percentile) workers and average (median) workers has barely changed over that period.
https://lao.ca.gov/Publications/Report/4878/3

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Figure  3 shows how credits have been allocated across sectors over the last five years. Of the $1.2  billion in awards made between 2021 and 2025, around $650  million, or over half, has been allocated to businesses in advanced manufacturing.
https://lao.ca.gov/Publications/Report/5162

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We apply this method to monthly CPS data from January 2022 through December 2023 to construct the estimates that appear in Figures 3 through 7 in the post Is California’s Minimum Wage High, Low, or Somewhere in Between?
https://lao.ca.gov/Publications/Report/4878/4

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The estimates in the first section come from the 2023 Occupational Employment and Wage Survey (OEWS), which collected information about employment and wages in May 2022 and used an employment cost index to update wage estimates to the first quarter of 2023.
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - As shown in Figure  3, our estimates suggest that the share of workers in low-wage jobs declines by more than one-third between the ages of 25 and 32. This decline suggests that a substantial share of workers spend just a handful of years in low-wage jobs before moving on to mid-to-high-wage jobs.
https://lao.ca.gov/Publications/Report/4878/2

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Over the last decade, two statutes —Chapter  351 of 2013 (AB  10, Alejo) and Chapter  4 of 2016 (SB  3, Leno) —gradually have increased California ’s statewide minimum wage from $8 per hour to $16 per hour.
https://lao.ca.gov/Publications/Report/4878

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

Jan 26, 2022 - Assembly Bill  80 partially conformed state law with federal tax treatment of other federal pandemic ‑related economic relief programs. Conforming to the federal tax treatment of the SVOG and RRF grants would be consistent with that previous action.
https://lao.ca.gov/Publications/Report/4501

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

Feb 11, 2022 - The   2018 ‑19 Budget Act funded CIP at $3  million per year for five years. Governor Proposes to Increase and Permanently Fund Small Business Technical Assistance Programs. The Governor ’s budget proposes to increase TAEP by $6  million in 2022 ‑23, from $17  million to $23  million.
https://lao.ca.gov/Publications/Report/4529