The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - In particular, the share of awards going to advanced manufacturing firms has greatly increased while the share going to professional services (for example, accounting, legal, and local business services) has significantly decreased.
https://lao.ca.gov/Publications/Report/5162

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

Nov 16, 2022 - There is significant variation in the use of these mechanisms across the budget, such that some areas of the budget automatically account for inflation, but many others do not. Overall, a large share of state spending is adju sted to some degree formulaically or administratively (notably in K ‑12 education and many health payments), however, a large number of programs are not.
https://lao.ca.gov/Publications/Report/4647

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

Feb 23, 2026 - This program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998. The California Electronic Cigarette Excise Tax Program administers a 12.5  percent tax on retail sales of e ‑cigarettes.
https://lao.ca.gov/Publications/Report/5132

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - For our analysis, key strengths of the CPS include: Individual-level microdata are publicly available, enabling a high degree of customization. Responses to the wage, earnings, and hours questions are relatively precise.
https://lao.ca.gov/Publications/Report/4878/4

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Of the four companies awarded tax credit agreements in November 2020, for example, two are manufacturers and two are financial services companies. While the pandemic has affected these industries in many ways, they generally have not been affected to the same degree as industries that require close contact.
https://lao.ca.gov/Publications/Report/4327

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

Feb 19, 2025 - Additionally, Chapter  231 requires DOJ provide CDTFA with the names and business locations of all firearm dealers, firearm manufacturers, and ammunition vendors at least quarterly to administer the tax.
https://lao.ca.gov/Publications/Report/4970

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - This fee-funded program is a key element of the Master Settlement Agreement that California and 45 other states reached with the four largest cigarette manufacturers in 1998. The California Electronic Cigarette Excise Tax Program administers a 12.5  percent tax on retail sales of e-cigarettes.
https://lao.ca.gov/Publications/Report/4966

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Roughly one-quarter have some college education but do not hold a bachelor ’s degree. In contrast, roughly three-quarters of mid-to-high-wage workers attended college, and half hold a bachelor ’s degree.
https://lao.ca.gov/Publications/Report/4878/1

The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - In 2019, for example, 619 taxpayers operating in the manufacturing industry had more than $1  million in income and deducted $3  billion in NOLs in total. The administration estimates that the NOL suspension increased revenues by about $2  billion  in 2020 ‑21.
https://lao.ca.gov/Publications/Report/4500

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - As such, it will be difficult to assess the degree of representation that exists in the workforce of tax credit recipients in dimensions such as disability and veteran status, class, and sexual orientation.
https://lao.ca.gov/Publications/Report/5036