The 2022-23 Budget: Temporary Limits on Business Tax Provisions

Jan 26, 2022 - This 2022-23 budget post provides background on temporary limits on the use of net operating loss deductions and business tax credits. It describes the Governor’s proposal to lift these limits one year early and provides some comments to the Legislature.
https://lao.ca.gov/Publications/Report/4500

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

Updating the California Necessities Index

Aug 14, 2025 - Therefore, using the CA CPI ‑U or CA CPI ‑W to adjust payments would likely result in significantly different benefit increases in some years relative to the CNI. Small Tweaks to CNI Lead to Only Small Differences.
https://lao.ca.gov/Publications/Report/5065

The 2023-24 Budget: California's Film Tax Credit

Feb 28, 2023 - Owens, Mark F., and Adam D. Rennhoff. “Motion picture production incentives and filming location decisions: a discrete choice approach. ” Journal of Economic Geography 20.3 (2020): 679 ‑709. Rickman, Dan, and Hongbo Wang.
https://lao.ca.gov/Publications/Report/4713

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The 2025-26 budget package assumes ongoing savings of $489.8  million ($182.3  million General Fund) (see Attachment 3 of the May 14, 2025 DOF letter) resulting from the permanent elimination of 6,002 vacant positions beginning in 2025-26 (see Attachment 4 of the May 14, 2025 DOF letter).
https://lao.ca.gov/Publications/Report/5081

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

Mar 18, 2025 - GO-Biz selects applicants via a competitive application process and negotiates individual agreements with each successful applicant, including year-by-year milestones an d corresponding credit allocations.
https://lao.ca.gov/Publications/Report/5018

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - As a result, in undersubscribed years the judgment of program staff in determining which projects merit awards becomes especially important to the program ’s effectiveness. Recommendations Approve Extension of California Competes.
https://lao.ca.gov/Publications/Report/5162

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - In particular, state law directs our office to report on the annual state costs for new mandates and make recommendations to the Legislature as to whether the new mandates should be (1)  repealed (permanently eliminating it or making it optional), (2)  suspended (rendering it inoperative for one year), (3)  modified, or (4)  funded.
https://lao.ca.gov/Publications/Report/5130

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - Figure  4 shows the historical ratio of debt service costs to General Fund revenues. The current debt ‑service ratio of 4. 1  p ercent in 2020 ‑ 21 i s somewhat below the historical average of 4. 9  p ercent in the ten prior years, and well below the peak of 6  p ercent in 2009 ‑10.
https://lao.ca.gov/Publications/Report/4331

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - This channel would still result in Hollywood becoming more diverse and representative but would do so by concentrating more diverse productions in California rather than increasing diversity in the industry as a whole.
https://lao.ca.gov/Publications/Report/5036