Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - A good example of this is the Black population in California. Based on the figures presented above, the Black population is somewhat overrepresented in California ’s motion picture industry (6.6  percent) compared to their share of the total population (5.5  percent).
https://lao.ca.gov/Publications/Report/5036

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The number of low-wage workers who are Latino is roughly two and a half times the number who are white, four and a half times the number who are Asian/Pacific Islander, and 18 times the number who are Black.
https://lao.ca.gov/Publications/Report/4878/1

Building Reserves to Prepare for a Recession

Mar 7, 2018 - The floods resulted in disaster declarations in 48 c ounties and forced more than 120,000 from their homes. After federal reimbursements, these floods led to nearly $ 200  m illion in state costs (over $ 300  m illion in today ’s dollars).
https://lao.ca.gov/Publications/Report/3769

Updating the California Necessities Index

Aug 14, 2025 - Options A, B, and C, which largely maintain the current CNI calculation, are all similar to the current CNI historically. By maintaining an estimate for household fuels and other utilities, option C has the most fidelity to the current CNI concept.
https://lao.ca.gov/Publications/Report/5065

How High? Adjusting California’s Cannabis Taxes

Dec 17, 2019 - Miller, Keaton and Boyoung Seo (2019). “Tax Revenues When Substances Substitute: Marijuana, Alcohol, and Tobacco. ” Mimeo, University of Oregon. National Academies of Sciences, Engineering, and Medicine (2017).
https://lao.ca.gov/Publications/Report/4125

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - The typical PE ratio since 1990 is 21 (19 if the dot-com bubble of the late 1990s and early 2000s is excluded). Similar to the price-to-earnings ratio, the home price-to-rent ratio is used to gauge if home prices are in line with underlying demand for housing.
https://lao.ca.gov/Publications/Report/3829

Managing California’s Cash

Sep 3, 2019 - After a period of relative calm in the mid ‑ and late ‑1990s, California faced another series of years with acute budget problems following the dot ‑com bust and ensuing recession. Although the dot ‑com bust was relatively mild in economic terms, it hit the California budget —which is particularly reliant on the Bay Area ’s technology sector —especially hard.
https://lao.ca.gov/Publications/Report/4092

Fixing Unemployment Insurance

Dec 2, 2024 - During the phase ‑in period, the state also entered the dot ‑com recession. These two cost pressures absorbed the remaining flexibility in the state ’s UI tax system. As  shown in Figure  4 , the state began this period in Schedule C but quickly moved to Schedule F+, the highest tax schedule, where it has remained since.
https://lao.ca.gov/Publications/Report/4943

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - (Schedules 12B and 12  C in the Appendix of The 2017 ‑18 Governor ’s Budget Summary lists the revenues currently excluded from the SAL.) The next step is to determine the amount of appropriations from those proceeds.
https://lao.ca.gov/Publications/Report/3596

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - In California, the state Department of Finance —with public input —identified 879 c ensus tracts as Opportunity Zones. Federal Changes Provide Significant Tax Benefits for Investments in Opportunity Zones.
https://lao.ca.gov/Publications/Report/3959