California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - In this context, the two main parts of the Arellano and Bonhomme (2017) model are (1)  a set of equations that predict the conditional quantiles of the wage distribution, and (2)  an equation that predicts whether each worker responds to the survey ’s wage questions.
https://lao.ca.gov/Publications/Report/4878/4

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - Subsidized employment programs appear more likely to result in long-term benefits when: (1)  employers have a business model that makes it realistic for them to hire participants full time after the program ends and (2)  the target population is women or long-term unemployed workers.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - The Governor ’s budget estimates such costs to be $1.2  million in 2024-25 and $978,000 in 2025-26. After the deduction of CDTFA costs, Chapter  231 requires monies be allocated pursuant to the priority order listed in Figure  1.
https://lao.ca.gov/Publications/Report/4970

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - For example, using the Governor ’s structure but setting the new PIT credit at 11  p ercent (as opposed to 13. 3  p ercent) of an individual ’s S corporation income could result in state revenue gains in the hundreds of millions of dollars per year while still increasing shareholders ’ after ‑tax income.
https://lao.ca.gov/Publications/Report/4327

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - The percentages presented in Figure  1 alone do not give a sense of how diverse the labor forces of version 3.0 productions are relative to both (1)  the overall motion picture workforce in California and (2)  California ’s population as a whole.
https://lao.ca.gov/Publications/Report/5036

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - California Competes has been the state ’s primary tool in this area the last couple of years. Around one-third of California Competes grants across 2022-23 ($30  million) and 2023-24 ($51  million) went to semiconductor companies.
https://lao.ca.gov/Publications/Report/4846

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Figure  1 illustrates these trends, displaying the percentage increase in prices for items in the Los  Angeles metro area from January 2017 through March  2022. While prices in general have increased, the price of motor fuels and electricity have grown even more significantly when compared to other items, as highlighted in the figure.
https://lao.ca.gov/Publications/Report/4597

Fixing Unemployment Insurance

Dec 2, 2024 - Our recommended approach, as summarized in Figure  11 , has four parts: (1)  increase the taxable wage base, (2)  redesign employer tax rates, (3)  rethink employer experience rating, and (4)  refinance the federal loan.
https://lao.ca.gov/Publications/Report/4943

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - (We provide additional information about gasoline taxes at https://lao.ca.gov/Transportation/FAQs .) State Adjusts Fuel Excise Taxes Annually. Under current law, the state adjusts its fuel excise tax rates on July 1 every year.
https://lao.ca.gov/Publications/Report/4528

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - Figure  1 shows our office ’s projections of the state ’s budget condition compared to the administration ’s estimates. As the figure shows, both of our offices project the state will have operating deficits (budget problems) over the multiyear period.
https://lao.ca.gov/Publications/Report/4772