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The loo option re-runs the SCM after excluding each weighted donor state one at a time: synth2 cigsale lnincome age15to24 retprice beer /// cigsale(1988) cigsale(1980) cigsale(1975), /// trunit(3) trperiod(1989) xperiod(1980(1)1988) /// nested loo frame(california) savegraph(california, replace) Results Leave-one-out treatment effects: Time | Treatment Effect Treatment Effect (LOO) | Min Max 1989 | -7.3304 -9.9509 -5.9892 1994 | -22.0229 -24.7112 -20.0141 1997 | -23.9288 -30.6150 -17.9877 2000 | -25.6107 -28.3503 -23.4850 The treatment effect remains consistently negative and substantial across all LOO iterations

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as well as some funding to hire 3,700 new teachers to meet class size mandates in FY 2026 (more is expected to be added once the City fully incorporates the increase in school aid included in the State Budget)

Adulteration of tobacco products with other material was also a serious concern