Use either the form or links on the side to filter the list of publications. Browse other LAO products using the links at the bottom of the sidebar.
4,837 Publications Found
May 27, 2010 - Presented to Senate Budget and Fiscal Review Committee
May 26, 2010 - Presented to: Senate Budget and Fiscal Review Committee Hon. Denise Moreno Ducheny, Chair
May 26, 2010 - The February 2009 state budget agreement changed the apportionment formula used to determine California taxable income for firms that also operate in other states. While the current formula considers the location of firms’ sales, property, and payroll, starting in 2011 firms will have the option to consider only their sales. This policy is intended to encourage firms to produce in California and sell into other states. In this report, we examine the rationales for different approaches to apportionment and evidence from California and other states on how changes to apportionment laws affect both economic activity and tax revenue. Our findings indicate that: (1) a formula with a higher weight on sales and lower weights on property and payroll promotes job growth to some extent; (2) with most states’ formulas now based only on sales, the old formula that used property and payroll could put some California producers at a competitive disadvantage; and (3) allowing firms to choose their formula every year arbitrarily favors some firms over others. We recommend that the state require all firms to use the single sales factor, which would help the state’s competitiveness while limiting the cost to the budget.
May 25, 2010 - Presented to: Senate Budget and Fiscal Review Committee Hon. Denise Moreno Ducheny, Chair
May 25, 2010 - Presented to: Senate Budget and Fiscal Review Committee Hon. Denise Moreno Ducheny, Chair
May 25, 2010 - Presented to the Assembly Budget Subcommittee No. 2 on Education. Hon. Wilmer Amina Carter, Chair. May 25, 2010.
May 25, 2010 - Presented to Assembly Budget Subcommittee # 4 on State Administration
May 25, 2010 - Presented to the Senate Budget and Fiscal Review Committee. May 25, 2010.
May 19, 2010 - Presented to Assembly Budget Subcommittee No. 1 On Health and Human Services and Assembly Budget Subcommittee No. 2 On Education Finance
May 19, 2010 - Presented to Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration, General Government, Judicial and Veterans Affairs
May 19, 2010 - Presented to Legislative Staff
May 18, 2010 - Legislative Analyst Mac Taylor's press conference in which he discusses the LAO report "The 2010-11 Budget: Overview of the May Revision."
May 18, 2010 - In the May Revision, the administration identifies a $17.9 billion gap between current-law resources and expenditures in California's 2010-11 General Fund budget. This estimate is reasonable. In addressing the shortfall, the Legislature should reject the Governor's most drastic spending cuts, especially his proposed elimination of CalWORKs and child care funding. Alternative spending reductions could help sustain critical components of these core programs for the state's neediest families, and some of the Governor's most severe cuts could be avoided by adopting selected revenue increases. The report also describes the Legislature's options in deciding how much education spending the state can afford in this difficult budget year, when elected leaders also need to focus on longer-term policy changes that will better prepare California to cope with future economic downturns.
(Video of press conference)
May 13, 2010 - This responds to Assembly Member Logue's request that we conduct a qualitative analysis of the costs of California taking actions to address the climate change issue, without there being a shared consensus and involvement across the nation in terms of how the issue is addressed. Specifically we were asked to look at the costs California would likely incur following the implementation of AB 32 through the California Air Resource Board’s Scoping Plan, compared to states that do not have similar policies in place.