The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - Prior to 2003, the majority of the state ’s economic development programs were housed within the Technology, Trade, and Commerce Agency. The 2003 ‑04 Budget Act abolished the agency and state funding for many of its programs designed to encourage economic development.
https://lao.ca.gov/Publications/Report/4529

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - This policy provides little benefit in the way of promoting homeownership or improving housing affordability and primarily benefits higher-income taxpayers. Eliminating the mortgage interest deduction for second homes c ould increase PIT revenue by about $250  million per year.
https://lao.ca.gov/Publications/Report/4238

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - However, if the concern were over another factor, such as the high cost of residential housing or excessive regulation, we would suggest addressing those directly instead of through the tax code. Ongoing California Competes Compliance Review.
https://lao.ca.gov/Publications/Report/3759

Taxation of Sugary Drinks

Nov 26, 2018 - Furthermore, some key prices in California —such as housing prices —historically have risen faster than the national average, so nationwide indices may well understate inflation in California. Allocating the Revenue Tax Revenues Are Typically Available for General Fund Purposes.
https://lao.ca.gov/Publications/Report/3903

Building Reserves to Prepare for a Recession

Mar 7, 2018 - This can only occur upon declaration by the Governor and majority votes of both houses of the Legislature. The Governor may call a budget emergency in two cases: ( 1)  i f estimated resources in the current or upcoming fiscal year are insufficient to keep spending at the level of the highest of the prior three budgets, adjusted for inflation and population (a “fiscal budget emergency ”) or ( 2)  i n response to a natural or man ‑made disaster.
https://lao.ca.gov/Publications/Report/3769

Perspectives on the Economy and Demographics 2007-08 [Publication Details]

Feb 21, 2007 - For 2007, like most other economists at this time, we forecast that growth will continue but be modest for the nation and California. For the year as whole, 2007 growth will be somewhat less than it was in 2006, with the first half of the year the weakest. Throughout the year, however, growth should accelerate, as the housing sector stabilizes, especially in the second half of 2007.
https://lao.ca.gov/Publications/Detail/1558

Income Mobility in California Across Generations

Jan 4, 2017 - Parents may move to a different place to enjoy better weather, to be able to afford a larger house, or to be close to activities and recreational opportunities that improve their family’s quality of life.
https://lao.ca.gov/Publications/Report/3518

2006-07 Budget: Perspectives and Issues [Publication Details]

Feb 22, 2006 - California has benefited greatly from over $11 billion in unanticipated increases in state revenues. Yet, due to its allocation of these funds, the 2006-07 Governor’s Budget would still leave the state with large structural budget shortfalls and an enormous amount of outstanding financial obligations.
https://lao.ca.gov/Publications/Detail/1390