We examine the revenue from California's 1 percent property tax that is available for a subset of local governments.
The U.S. Bureau of Economic Analysis released estimates of state personal income through the third quarter of 2015 on December 21, 2015.
On December 31, 2015, the California Supreme Court generally ruled in favor of the state's Franchise Tax Board in a major corporate tax case known as Gillette Company et al., v. Franchise Tax Board.
We presented testimony to the Legislature's special session committees considering health care financing issues.
The U.S. Bureau of Labor Statistics and California's Employment Development Department have released preliminary November 2015 jobs data for the state.
We discuss the distribution of property taxes to the various types of California local governments.
We discuss recent data concerning November cap-and-trade auction results.
We discuss the distinctions between our personal income and personal income tax projections.
Preliminary tax agency data on November 2015 revenue collections has been received.
What are the different charges on a California property tax bill?
We briefly review the data concerning possible overheating in the state's housing market.
Our Fiscal Outlook assumes continued growth in assessed values.
The expiration of the Proposition 30 sales tax increase affects the sales tax projections in our new Fiscal Outlook publication.
In conjunction with the November 2015 edition of our Fiscal Outlook, we update our estimates for the revenue effects of Proposition 30 (2012).
A note discussing how we think of the scenarios in the new LAO Fiscal Outlook.