Poverty and Housing Costs in California: Data and Policy Solutions

This First Look analysis outlines key pieces of the 2023-24 California budget proposal, and explores how the governor prioritized spending and determined cuts amid the first budget shortfall of his tenure.

Corporations are contributing roughly half as much of their California profits in state taxes than four decades ago. In the early 1980s, corporations paid more than 9.5% of their profits in state corporation taxes. In contrast, corporations paid just 4.9% of their California profits in corporation taxes in 2020. Corporations pay less of their income … Continued