The 2026-27 Budget: California Competes Extension [Publication Details]

Mar 18, 2026 - This post assesses the Governor’s proposal to extend the California Competes Tax Credit program.
https://lao.ca.gov/Publications/Detail/5162

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 2025-26 Budget: Governor’s Office of Service and Community Engagement [Publication Details]

Mar 11, 2025 - This post contains assessments and recommendations related to two proposed budget augmentations: the College Corps program and a new Belonging Campaign.
https://lao.ca.gov/Publications/Detail/5015

The 2025-26 Budget: Governor’s Office of Service and Community Engagement

Mar 11, 2025 - Overview GO-SERVE Was Established Through Recent Reorganization. The 2024-25 budget package established GO-SERVE as part of a reorganization of the former Governor ’s Office of Planning and Research.
https://lao.ca.gov/Publications/Report/5015

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

Mar 18, 2025 - The Governor ’s budget proposes a one-time General Fund appropriation of $25  million in 2025-26 for GO-Biz to support capital expenditures incurred during the development of the DCF. After Natcast incurs these expenses, it could submit requests for reimbursement to GO-Biz until July 31, 2027.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: Governor’s Office of Business and Economic Development [Publication Details]

Mar 18, 2025 - The Governor’s budget includes several proposals under the Governor’s Office of Business and Economic Development (GO-Biz). In this post we evaluate and provide recommendations for three of these proposals: California Competes Grants, California Regional Initiative for Social Enterprises Grant Program, and CHIPS.
https://lao.ca.gov/Publications/Detail/5018

The 2022-23 Budget: Supply Chain and Port Infrastructure Proposals

Feb 15, 2022 - The grants would be administered by GO‑Biz. GO‑Biz is still developing this proposal, but it has suggested that the grant funding could be used to improve data interconnectivity between the ports to enable efficient cargo movement.
https://lao.ca.gov/Publications/Report/4540

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/Article/Detail/852

How Have Past Stock Market Downturns Affected Income Tax Revenue? [EconTax Blog]

Mar 9, 2026 - By most measures, the global financial crisis was more severe than the dot-com crash. The state 's unemployment rate, for example, peaked at 7 percent following the dot-com crash but reached nearly double that during the financial crisis and remained elevated for much longer.
https://lao.ca.gov/LAOEconTax/article/Detail/852

California’s Strong Revenue Trends Mask Looming Budget Risk

Jan 23, 2026 - After the dot-com bust and the Great Recession, it took four and five years, respectively, for revenues to recover. Incorporating revenue risk into the budget now, therefore, reflects prudence, not pessimism.
https://lao.ca.gov/Publications/Report/5104