The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - Most of these gains come from the meteoric rise in the value of a handful of tech companies that investors believe will be major beneficiaries of recent advances in AI. These companies have made big bets on AI, spending hundreds of billions of dollars on data centers and offering extraordinary pay packages to recruit AI researchers.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: California's Fiscal Outlook

Nov 20, 2024 - Stock compensation has become an increasingly important form of pay among California ’s high ‑income workers, especially those at major technology companies. In the first half of 2024, stock pay alone at four major technology companies accounted for almost 10  percent of the state ’s total income tax withholding.
https://lao.ca.gov/Publications/Report/4939

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - A typical IPO year for California-based companies is roughly $30  billion of market capitalization. So far this year, California-based company IPOs have had almost $150  billion of market capitalization ($82  billion of which was from the recent Uber IPO).
https://lao.ca.gov/Publications/Report/4037

Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - Whereas in a typical year, California-based companies make initial public offerings (IPOs) worth about $30  billion of market capitalization, 2019 has already seen IPOs with $150  billion in market capitalization.
https://lao.ca.gov/Publications/Report/4051

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Production companies can receive a refund for a portion of their credits that exceed their tax liability. Additional Diversity Efforts.  The new 4.0 program makes 4  percent of each credit award contingent on the production company making a “good-faith effort ” to meet diversity goals.
https://lao.ca.gov/Publications/Report/4814

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - The number of allowances given to each company is calculated based on four factors: Output. The amount of product (not GHG emissions) the company produces in California. The more a business produces in California, the more allowances it receives.
https://lao.ca.gov/Publications/Report/3719

Federal Spending in California

Jan 18, 2017 - These funds also inclu ded about $300 million in payments to telecommunications companies to provide discounts to schools and libraries for internet access and other telecommunication services.
https://lao.ca.gov/Publications/Report/3531/3

The 2021-22 Spending Plan: Other Provisions

Sep 23, 2021 - The California Film Commission competitively awards tax credits of up to 25  percent of certain production expenses, such as crew wages and post-production costs, to motion picture production companies.
https://lao.ca.gov/Publications/Report/4452

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - California Competes is a program that allows GO-Biz to provide tax incentives for companies to stay in, relocate to, or expand in California. In recent years, funds have been made available for a grant program in addition to tax credits.
https://lao.ca.gov/Publications/Report/4934

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - California Competes is a program that allows GO-Biz to provide tax incentives for companies to stay in, relocate to, or expand in California. In recent years, funds have been made available for a grant program in addition to tax credits.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services