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

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - To shed light on this issue, we next compare the statewide minimum wage to housing costs across California ’s 58 counties. Measuring Housing Affordability. To assess housing affordability for minimum-wage workers, we compare monthly earnings for full-time workers making the main minimum wage in each county to HUD ’s estimate of “fair market rent ” for housing in that county.
https://lao.ca.gov/Publications/Report/4878/3

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

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - A similar approach is used for other tax credit programs, such as the state ’s low ‑income housing tax credit. Spreading credit claiming over five years would achieve the same benefits as the Governor ’s proposal for partial refundability, but with less  complexity.
https://lao.ca.gov/Publications/Report/4713

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

Nov 16, 2022 - In a higher inflationary environment, longer delays also can lead to higher housing development costs, further reducing housing production. In other examples, state departments have held positions open as a way of managing higher costs without additional spending authority.
https://lao.ca.gov/Publications/Report/4647

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

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - For example, in our analysis The 2019‑20 Budget: Opportunity Zones , we argued that creating a new state Opportunity Zone program to fund affordable housing would add an unnecessary layer of complication to the financing of affordable housing.
https://lao.ca.gov/Publications/Report/4331

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 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Of this amount, $ 300  m illion would be allocated to the state ’s low ‑income housing tax credit program, which provides funding to builders of low ‑income affordable housing. The remaining $ 200  m illion would target mixed ‑income projects.
https://lao.ca.gov/Publications/Report/4135

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Some of these programs support building of new affordably priced housing by providing direct financial assistance —typically tax credits, grants, or low-cost loans —to housing developers for the construction of new housing.
https://lao.ca.gov/Publications/Report/4038