The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - This is especially consistent with the 20 18 changes, since professional service firms tend to be classed as “non-tradeable, ” meaning they are often already required to locate near their customer base, and thus tax incentives are unlikely to influence their decision to locate in California.
https://lao.ca.gov/Publications/Report/5162

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The number of low-wage workers who are Latino is roughly two and a half times the number who are white, four and a half times the number who are Asian/Pacific Islander, and 18 times the number who are Black.
https://lao.ca.gov/Publications/Report/4878/1

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Operating Deficits Average $18   Billion Annually Under LAO Estimates. Figure  1 shows our office ’s projections of the state ’s budget condition compared to the administration ’s estimates. As the figure shows, both of our offices project the state will have operating deficits (budget problems) over the multiyear period.
https://lao.ca.gov/Publications/Report/4772

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

Mar 18, 2025 - Since the Governor ’s proposal would provide $60  million for grants, compared to $120  million in prior iterations, the cap on individual awards would be $18  million, down from $36  million. There have been several grant awards made previously in excess of this amount.
https://lao.ca.gov/Publications/Report/5018

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

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - For example, while total consumer spending in California declined by 4  percent in 2020, spending at restaurants declined by 18  percent and spending at theatres and museums declined by 60  percent. Fiscal Effects of Conformity Have Significant Uncertainty.
https://lao.ca.gov/Publications/Report/4501

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - This information includes addresses, total pay, hours worked, and hourly wage for each job in the past 18 months. EDD uses this information to decide if the worker is eligible for UI payments and, if so, for what amount.
https://lao.ca.gov/Publications/Report/4615

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Specifically, a taxpayer may receive a refund equal to the lesser of: (1)  18  percent of the credit or (2)  90  percent of the portion of the credit exceeding their tax liability. A taxpayer electing to receive such a refund would forfeit a portion of their credit equal to the lesser of: (1)  2  percent of the credit or (2)  10  percent of the portion of the credit exceeding their tax liability.
https://lao.ca.gov/Publications/Report/4713

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Created a new requirement for participants to make at least 15  percent of the projected purchases within 18 months of receiving the award. Recommendation Recommend Rejecting Governor ’s Proposal. As noted above, the Governor ’s proposal relies primarily on local funding.
https://lao.ca.gov/Publications/Report/4327