The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - How quickly and completely will the appropriation or allocation translate into actual income, spending, or investment? By how much does the policy reduce revenue? What are the alternative uses of this revenue?
https://lao.ca.gov/Publications/Report/4327

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

Mar 18, 2025 - Using this information, they can assess whether the program is targeting the intended populations and how to prioritize future investments. Direct CalOSBA to Provide Funding to Most Qualified ESEs. CalOSBA proposes to consider applications from the 100 grantees who were rejected during the first round and suggest that a new round of grants would allow them to expand the grant to these organizations.
https://lao.ca.gov/Publications/Report/5018

Fixing Unemployment Insurance

Dec 2, 2024 - Repay the outstanding federal loan immediately by using new borrowing, split evenly between: (1) a revenue bond to be repaid by employers, and (2) Pooled Money Investment Account borrowing to be paid by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4943

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

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

Feb 23, 2026 - Direct the administration to make any future adjustments needed to support the program without spending any money from the General Fund. Reduce CDTFA ’s General Fund appropriation by the amount of the department ’s annual General Fund spending on the Cannabis Tax Program (as these funds clearly are not needed).
https://lao.ca.gov/Publications/Report/5132

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - An adult couple without children live in a studio/efficiency. An adult couple with one or two children live in a two-bedroom apartment. Selected References Arellano, Manuel and Stephane Bonhomme (2017).
https://lao.ca.gov/Publications/Report/4878/4

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - The state is prohibited from borrowing money to finance state operations. In most cases, voters must approve new bond authority before the state can raise the funds —a process that increases the amount of time between when the need for stimulus is identified and when any new spending may occur.
https://lao.ca.gov/Publications/Report/4331

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

Feb 11, 2022 - How much effort would be invested to verify the claims for  compensation? How Would GO ‑Biz Verify an Amount Was Not Covered by Insurance? Presumably, damages that are covered by insurance would not be eligible for compensation.
https://lao.ca.gov/Publications/Report/4529

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - The state sets weekly UI payments based on prior earnings. Workers receive half of their average weekly earnings, based on their highest earning quarter of their base year. State law set in 2005 also caps the maximum payment at $450 per week.
https://lao.ca.gov/Publications/Report/4615