Building Reserves to Prepare for a Recession

Mar 7, 2018 - Simply put, the SFEU is the difference between spending and available resources (most notably, revenues) for a given fiscal year. In any year, its balance (the amount by which resources available exceed spending) is the state ’s discretionary reserve.
https://lao.ca.gov/Publications/Report/3769

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - In our view, taking on long-term obligations—like the lease payments on these buildings—in exchange for one-time revenue to pay for current services is bad budgeting practice as it simply shifts costs to future years.
https://lao.ca.gov/Publications/Detail/2261

The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - Put simply, the workload budget is the cost of continuing to provide state services in place at that time. If a surplus results from this third step, half of it, up to $2  billion, is dedicated to increase spending on Medi ‑Cal.
https://lao.ca.gov/Publications/Report/3844

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - In the first approach, we simply look at a snapshot of the age distribution of low-wage workers in 2023. If most low-wage jobs were stepping stones to higher-wage jobs, then we would expect most low-wage workers to be young.
https://lao.ca.gov/Publications/Report/4878/2

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Therefore, representation proportionate to California ’s population is simply one of many statistics that can be considered as part of the state ’s equity objectives. Increases in Diversity May Partially Come From Selection Effects.
https://lao.ca.gov/Publications/Report/5036

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - In contrast, competitors allocate credits on a first ‑come, first ‑served system or simply as an uncapped entitlement. Additionally, California tends to have more requirements and restrictions on the use of tax credits than other competitors.
https://lao.ca.gov/Publications/Report/5000

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - To some extent, this is due simply to the smaller sample size. Much more serious problems, however, can arise when respondents differ systematically from nonrespondents. These concerns have grown as response rates for many surveys have declined substantially over the last decade.
https://lao.ca.gov/Publications/Report/4878/4

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

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program

Mar 27, 2017 - Simply totaling the taxable property value increases attributable to work performed by SCAPAP staff ignores the possibility of scenario 2. We cannot be sure whether scenario 1 or scenario 2 (or some combination of the two) would have occurred.
https://lao.ca.gov/Publications/Report/3632

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - Simply reporting the number of total exemption claims would not help the state to understand how many small businesses specifically would benefit from the provision, nor to estimate the effectivenes s of the provision in stimulating new business formation.
https://lao.ca.gov/Publications/Report/4207