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

Jan 26, 2022 - The SVOG program was created in December 2020 to make grants to eligible theatres, performing arts organizations, and many other cultural institutions such as museums, zoos, and aquariums. COVID‑19 public health restrictions required many theatres and cultural institutions to close for extended periods during the pandemic.
https://lao.ca.gov/Publications/Report/4501

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - The Federal Reserve —tasked with maintaining stable price growth —has started to take actions to slow inflation by cooling the economy. While these efforts very well could return inflation in California to the pre ‑pandemic norm of 2.5 percent per year, heightened inflation pressures —such as relatively high levels of consumer spending and wage growth —could result in elevated inflation that persists in the coming years.
https://lao.ca.gov/Publications/Report/4647