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

Feb 11, 2022 - While Visit California ’s assessment revenue over the next several years will continue to be depressed to some extent, we do not think assessment revenues will decline below 2020 ‑21 levels. Given the state ’s $95  million contribution, stable or increasing revenues, and the significant amount of net assets, we find that Visit California should be able to spend somewhat above their pre ‑pandemic levels without additional state funds.
https://lao.ca.gov/Publications/Report/4529

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - By redirecting these resources, the administration has responded to major compliance challenges within the Cannabis Tax Program without changing any of CDTFA ’s existing appropriations. Statewide Budgeting Perspective.
https://lao.ca.gov/Publications/Report/5132

The Rise of Remote Work: Effects on California's Labor Market

May 6, 2026 - Workers with a bachelor ’s degree but no postgraduate degree are 14 times as likely to work in these jobs as workers without a high school diploma, and four and a half times as likely to work in these jobs as workers who graduated from high school but did not attend college.
https://lao.ca.gov/Publications/Report/5182

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

Feb 19, 2026 - Chapter  712 required Los Angeles County to defer (pause) property owners ’ property tax payments (without penalty or interest) while their claim was being processed. Chapter  712 required property owners to request a deferment from the county within one year of receiving their first tax bill for the property, but before January 1, 2024.
https://lao.ca.gov/Publications/Report/5130

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Because the tax credit is nonrefundable, businesses without a significant California tax liability cannot benefit from the incentive it provides. Two types of businesses fall under this category. First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5162

Local Sales Tax Rebates in 2023-24

Sep 16, 2025 - The second is encouraging retailers to shift the legally-defined place of sale without changing the location of any real economic activity. E-commerce can enable this type of revenue shifting. As another example, consider a fuel supplier that makes advance sales of large amounts of fuel from a sales office.
https://lao.ca.gov/Publications/Report/5074

Updating the California Necessities Index

Aug 14, 2025 - Without this, the new measure could be historically similar to the CNI but lead to significantly higher or lower benefit levels over time. Fidelity to Original Concept. We assess each proposed measure on whether it adheres to the concept of the current formula.
https://lao.ca.gov/Publications/Report/5065

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - In principle, these resources, together with the proposed augmentation, should cover the cost of implementing these laws without any need to redirect resources away from other aspects of the licensing program.
https://lao.ca.gov/Publications/Report/4966

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - ISRF Could Continue Normal Operations in 2024-25 Without Additional $50  Million. Without this proposal, IBank currently anticipates having around $60  million in ISRF funds available to loan to public agencies in 2024-25.
https://lao.ca.gov/Publications/Report/4846

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

Mar 18, 2025 - Since the tax credit is nonrefundable, businesses without a significant California tax liability cannot utilize the credit. To address this, the 2021, 2022, and 2023 Budget Acts each provided one-time funding of $120  million for a grant program to supplement the tax credit.
https://lao.ca.gov/Publications/Report/5018