As part of the annual budget development process, the administration provides us with its current estimates of Proposition 30 revenues through 2018-19. 2018-19 is the last fiscal year affected by the Proposition 30 income tax increases for high-income Californians.
We have received data on January 2015 state revenue collections from California's tax agencies.
Preliminary tax agency data on November 2015 revenue collections has been received.
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.
We answer some questions we receive about California's budget and the stock market downturn of recent days.
In total, 2014-15 General Fund agency cash revenue collections exceeded the Governor's estimate, as incorporated in the 2015-16 budget plan he signed into law last month, by $732 million.
Collections of the state's three major General Fund taxes combined for 2014-15 were over $650 million above the Governor's projections as incorporated into the budget act signed on June 24.
With the 2015-16 May Revision, the Governor's administration posts updated economic and revenue resources related to its budget proposal online.
April is a major corporate tax collection month. Here, we discuss April 2015 collection trends for the state's third-largest General Fund revenue source.
This note discusses the state's complex revenue accrual rules, which affect Proposition 98 school funding and various aspects of state budgeting, in the context of the April 15 personal income tax deadline.
This blog post responds to questions we receive regularly concerning the likely effect of the drought on the state's economy and tax revenues.
A portion of the California Public Utilities Commission's $1.6 billion penalty against the Pacific Gas and Electric Company (PG&E) affects state General Fund budgetary revenues.
Corporate profits data released today by the Bureau of Economic Analysis show an annual decline of $17 billion, or less than 1 percent.