The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - This would not apply to the low-income housing tax credit. Similarly, businesses with $1 million or more in income would not be allowed to use NOL deductions in 2025, 2026, and 2027. The May Revision also pulls back a separate January proposal to limit NOL deductions, which we discussed here .
https://lao.ca.gov/LAOEconTax/Article/Detail/804

The 2024-25 Budget: Higher Education Overview

Jan 30, 2024 - Governor Proposes Some Community College Student Housing Modifications. The 2023 ‑24 budget agreement included $61.5  million ongoing non ‑Proposition  98 General Fund to debt finance 16 CCC student housing projects.
https://lao.ca.gov/Publications/Report/4829

The 2024-25 Budget: Higher Education Overview

Jan 30, 2024 - Governor Proposes Some Community College Student Housing Modifications. The 2023 ‑24 budget agreement included $61.5  million ongoing non ‑Proposition  98 General Fund to debt finance 16 CCC student housing projects.
https://lao.ca.gov/Publications/Report/4829?utm_source=Legislative+Analyst%27s+Office&utm_campaign=415eaeb623-EMAIL_CAMPAIGN_2024_01_30_4829&utm_medium=email&utm_term=0_-415eaeb623-%5BLIST_EMAIL_ID%5D

The 2024-25 Budget: Overview of the Governor's Budget

Jan 13, 2024 - Appendix 1, Figure 3 Spending Reductions Proposed in the 2024 ‑25 Governor ’s Budget General Fund (In Millions) Sweep State Operations Funds for HHAPP and FHC Grants — Prescribed fire & hand crews (Wildfire) — Interagency forest data hub (Wildfire) — Compost Permitting Pilot Program (Circular Economy) — Active Transportation Program (Transportation Infrastructure) — Employment Services Intensive
https://lao.ca.gov/Publications/Report/4825/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We suspect that low-wage workers ’ high likelihood of living in three-earner (or more) households might be due largely to California ’s high housing costs. (We further examine housing affordability for minimum-wage workers in another post .)
https://lao.ca.gov/Publications/Report/4878/1

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - For example, the May Revision forgoes nearly $1  billion in provider rate increases in the Managed Care Organization package (growing to over $2  billion in 2025-26), reduces $325  million in funding for the multifamily housing program, and reduces the Regional Early Action Planning program by $300  million.
https://lao.ca.gov/Publications/Report/4902

California’s Child Welfare System: Addressing Disproportionalities and Disparities

Apr 24, 2024 - This report examines disproportionalities and disparities across California’s child welfare system in terms of income and race/ethnicity. The report provides background on the child welfare system, describes child welfare system disproportionalities and disparities, and lays out potential drivers of these inequities.
https://lao.ca.gov/Publications/Report/4897

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Finally, we described how we matched household types to apartment types for the analysis of housing costs. Strengths and Weaknesses of Data Sources Primary Data Source: Monthly Current Population Surveys (CPS).
https://lao.ca.gov/Publications/Report/4878/4

Overview of State Bond Debt Service [EconTax Blog]

Feb 27, 2024 - Bonds also have been used to help finance certain private infrastructure, such as housing. A main reason for issuing bonds —instead of paying for the project all at once, also known as cash financing —is that these facilities provide services over many years.
https://lao.ca.gov/LAOEconTax/Article/Detail/798

The 2024-25 Budget: Judicial Branch

Feb 23, 2024 - Funding may be provided for discretionary use or for specific purposes (such as specifically for housing-related issues). For discretionary monies, 90  percent generally supports free civil legal services for low-income people whose income is at or below 200  percent of the federal poverty level or who are eligible for certain federal benefits.
https://lao.ca.gov/Publications/Report/4848