The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Second, any unawarded credits from the previous fiscal year can be added to the pool of available credits for the current fiscal year. Credit Pool Has Ballooned to over $923  million for the Current Year.
https://lao.ca.gov/Publications/Report/5162

Sales Tax Exemption for Bunker Fuel

Nov 19, 2025 - In the same month, the average prices per metric ton of marine gas oil in the Americas and in the Asia-Pacific region were $837 and $786, respectively. Maritime Fuel Deliveries. To estimate California deliveries of residual fuel oil (a major type of maritime fuel), we combine data from a couple of sources.
https://lao.ca.gov/Publications/Report/5094

Assessing Recent Changes to California Competes

Mar 30, 2020 - Limited Application Pool Affects Ability to Consider Other Factors. In 2018 ‑19, the California Competes program had significantly fewer applications. While fewer applications has allowed GO ‑Biz to spend more time evaluating each one, there is a less competitive pool of qualified applicants.
https://lao.ca.gov/Publications/Report/4213

Managing California’s Cash

Sep 3, 2019 - Recent Borrowing from State’s Cash Pool Reflecting the state ’s positive cash situation, the balance of the state ’s cash pool —the PMIA —has increased in recent years. The average daily balance of the PMIA was $97. 7  b illion for the second quarter of 2019, although it was $74. 1  b illion excluding local governments ’ funds.
https://lao.ca.gov/Publications/Report/4092

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

Mar 23, 2020 - Such treatment of new businesses seems to be at odds with the intent of assisting small businesses that are less likely to have access to experienced state tax advisors. Proposed Reporting Requirements Add Little Value.
https://lao.ca.gov/Publications/Report/4207

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - In the 2017 ‑18 budget package, the Legislature approved a plan to make a $6  billion supplemental payment to CalPERS using a loan from the Pooled Money Investment Account. The administration has proposed using Proposition 2 debt payments to repay the General Fund’s share of the principal and interest on this loan (which the administration currently estimates is $3.4 billion).
https://lao.ca.gov/Publications/Report/3727

Fixing Unemployment Insurance

Dec 2, 2024 - Repay the outstanding federal loan immediately by using new borrowing, split evenly between: (1) a revenue bond to be repaid by employers, and (2) Pooled Money Investment Account borrowing to be paid by the state ’s General Fund.
https://lao.ca.gov/Publications/Report/4943

The 2020-21 Budget: Taxation of E-Cigarettes

Feb 24, 2020 - Consequently, depositing the revenues into the General Fund would allow the Legislature to provide some insurance against this revenue uncertainty by pooling the risk across many areas of the budget.
https://lao.ca.gov/Publications/Report/4171

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Before the program was suspended, the state charged a rate that varied based on the rate of return in the state ’s checking account, known as the Pooled Money Investment Account. Between 1994 ‑95 and 2008 ‑09, this rate varied from 2  p ercent to 5  p ercent.
https://lao.ca.gov/Publications/Report/3885

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - This emphasis is often at odds with making sure eligible workers get benefits quickly and easily. Indeed, this emphasis hindered the state ’s response to the pandemic. According to the administration ’s own review of EDD practices, “In interviews and observations, stories and anecdotes about fraud and/or suspected fraud were often used to explain why EDD could not act quickly to
https://lao.ca.gov/Publications/Report/4615