The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Expanded Credit Pool Has Pros and Cons. On one hand, there is a clear strategic benefit to allowing the credit pool to increase beyond the baseline allocation: Changing macroeconomic conditions over the course of the business cycle means that there are years when businesses are more inclined to invest and expand operations than in other years.
https://lao.ca.gov/Publications/Report/5162

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943