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 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

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

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - These types of arrangements exist across nearly every area of state government, but some illustrative examples include: the California Department of Transportation, which contracts with construction companies to build and maintain roads; the Sierra Nevada Conservancy, which provides grants to local governments and nonprofit organizations for forest resilience; and the Department
https://lao.ca.gov/Publications/Report/4647

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The  Governor ’s Office of Business and Economic Development (GO ‑Biz) would allocate tax credits to companies that are developing green energy technologies. Credit recipients would be required to share future profits with the state.
https://lao.ca.gov/Publications/Report/4492

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - California Competes is designed so that companies earn credits incrementally over a five-year period. Unused credit amounts may be carried forward for up to five additional years. Consequently, extending California Competes will have only a small short-term fiscal impac t but will reduce state tax revenues by unknown, but significant amounts, in years outside the budget window.
https://lao.ca.gov/Publications/Report/4626