Our new Fiscal Outlook projects that school property taxes will be notably higher than assumed in the 2017-18 Budget Act.
Recent budget legislation--expected to be signed soon by the Governor--expands California's EITC program.
We take a look at the initial declines in existing cigarette tax collections after imposition of the new taxes of Proposition 56.
A coming surge in home sales by aging homeowners should boost local government property tax collections. These gains, however, are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.