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Economy and Taxes (9)
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Results in Economy and Taxes from the past 5 years


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California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The main exception is that high wages are top-coded: all wages above a certain amount are assigned the same value. In high-wage states like California, top-coding seriously hinders analyses that consider the upper portion of the wage distribution.
https://lao.ca.gov/Publications/Report/4878/4

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - Recent Actions Suggest Getting Payments to Workers Is Not a Top Priority In addition to longstanding policies and procedures that make it difficult for eligible workers to get benefits, recent actions during the pandemic also suggest that getting payments to eligible workers is not a top priority for the state.
https://lao.ca.gov/Publications/Report/4615

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - The top panel of the figure summarizes the total weight of donations whose weights were specified in the Metrc data. The bottom panel summarizes the number of donated packages whose weights were not specified.
https://lao.ca.gov/Publications/Report/4447

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget provides a net increase of $23  million one-time General Fund for the construction phase of the Relocation of Red Mountain Communications Site project. The increase in construction costs stems mainly from site conditions, which were found to be more complex than initially estimated and require the use of specialized vehicles, structures, and equipment.
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2025 - Natcast Chose Site in Sunnyvale. In July 2024, Natcast and the Department of Commerce officially launched a site selection process for three flagship R &D facilities. Through this process, they discussed prospective sites with economic development organizations, such as the GO-Biz in California.
https://lao.ca.gov/Publications/Report/5018

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

Feb 15, 2022 - Throughout the state, ports and other facilities operate training sites. To better understand the need for state funding, the Legislature will want to request the administration provide additional information on how these sites have been funded and built in the past, as well as why the proposed campus needs state funding, while other training sites have not required state fundi ng.
https://lao.ca.gov/Publications/Report/4540

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Filers who pay a top rate below 13. 3   p ercent will see a small net increase in state taxes, which in most cases would be more than offset by a decline in federal taxes. Benefits Would Be Concentrated Among Small Number of High ‑Income Filers.
https://lao.ca.gov/Publications/Report/4327

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - It is comfortably within the range of minimum wage increases in the U.S. over the last four decades —closer to the bottom of that range than the top. Coming Into 2024, Roughly 10  Percent of Workers Made $16 Per Hour or Less.
https://lao.ca.gov/Publications/Report/4878/3

Fixing Unemployment Insurance

Dec 2, 2024 - States at the top of the distribution include other Western states: Washington ($67,600), Hawaii ($56,700), Oregon ($50,900), and Alaska ($47,100). Substantially raising the state ’s taxable wage base would: (1)  improve solvency and (2)  mitigate the disincentive for businesses to hire low wage workers.
https://lao.ca.gov/Publications/Report/4943