California Economy and Taxes
 
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2017 May Revision: Background on Revenue Issues May 24, 2017

We provide additional detail on several key revenue issues in the May Revision, including administration estimates of capital gains and Proposition 30 revenues.

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The Stock Market Downturn and California's Finances August 28, 2015

We answer some questions we receive about California's budget and the stock market downturn of recent days.

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Taxes Available for Retiree Health Costs Under Prop. 2 December 17, 2014

Proposition 2 sets aside a portion of California's General Fund tax money for 15 years for certain debt payments, including, potentially, payments to reduce the state's large unfunded retiree health liability.

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Proposition 2 Attempts to Manage State Revenue Volatility December 8, 2014

Proposition 2, passed by voters in November 2014, includes provisions intended to help manage state budget revenue volatility, principally by requiring certain state revenues to be deposited in budget reserves.