The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - The Commission determined that Los Angeles County incurred reimbursable costs processing deferment requests and adding the required disclosure to property tax bills. The Commission determined that the county incurred a total amount of about $30,000 in back-year costs (incurred between 2022 and 2024), and about $8,000 in ongoing costs thereafter.
https://lao.ca.gov/Publications/Report/5130

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Control Sections 90.00 and 90.01 During the special session called by the Governor, the Legislature added Control Sections 90.00 and 90.01 to the 2024-25 Budget Act providing up to $2.5  billion one-time from the General Fund for response and recovery costs related to the January 2025 Southern California wildfires.
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2025 - As a point of comparison, more than 50  percent of tax credits awarded are either never claimed or later recaptured, so we expect a nontrivial fraction of grant awards will not be claimed. Governor ’s Proposal $60  Million for California Competes Grants.
https://lao.ca.gov/Publications/Report/5018

Fixing Unemployment Insurance

Dec 2, 2024 - As Figure  10 shows with some illustrative numbers, this employment tax raises the cost of adding a new employee to a business and that cost is proportionately higher for a low wage worker than a high wage worker.
https://lao.ca.gov/Publications/Report/4943

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - The 2022 CHIPS Act provides financial incentives for semiconductor companies to expand their operations in the U.S. $50  Million to Supplement ISRF Loans. The Governor ’s budget also proposes a one-time General Fund allocation of $50  million to supplement ISRF ’s existing resources to provide loans to public agencies.
https://lao.ca.gov/Publications/Report/4846

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - One-Quarter of Low-Wage Workers Are 50 or Older. The age distribution of low-wage workers extends well into middle age. More than one-quarter of low-wage workers are at least 50 years old. Ages of Male and Female Low-Wage Workers Are Similar.
https://lao.ca.gov/Publications/Report/4878/2

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - The administration estimates that the resulting reductions in General Fund revenue would be $ 10  m illion in 2021 ‑22, $ 35  m illion in 2022 ‑23, $ 50  m illion in 2023 ‑24, and $ 85  m illion in later years.
https://lao.ca.gov/Publications/Report/4327

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Ridership fell by more than 50  percent when the pandemic began in 2020. Due to the pandemic-related disruptions, transit agencies projected significant declines in both fare revenues and other state and local funds dedicated to transit.
https://lao.ca.gov/Publications/Report/4890

Effect of Returning to Historical Estimated Tax Payment Schedule

Feb 27, 2023 - The budget increased the required payment amount for April and June from a total of 50  percent to 60  percent (and reduced the required amount for the rest of the year). This change had the effect of accelerating tax collections from 2009 ‑10 into 2008 ‑09, thereby improving the 2008 ‑09 budget condition.
https://lao.ca.gov/Publications/Report/4722