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Economy and Taxes Publications

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Report

State Fiscal Picture 2001-02

February 21, 2001 - Our "bottom line" budget estimates are similar to the administration's. Due to uncertainty related to the state's electricity crisis and to the very unsettled national and state economic environment the Legislature should withhold consideration of the Governor's $2.3 billion of one-time proposals outside of the energy area until May.

Report

Sales Taxation Of Bunker Fuel

January 25, 2001 - Based on our findings, we recommend that the Legislature remove the existing sunset for the current partial Sales and Use Tax (SUT) exemption for bunker fuel sales, and make the exemption permanent. This action would result in treating bunker fuel sales similarly to other export sales and place California ports on par with other U.S. out-of-state ports. We also recommend that the Legislature review the appropriateness of current SUT treatment of fuel sales to common carriers other than vessels, including air and rail common carriers.

Other

California's Tax System: A Primer

January 18, 2001 - The purpose of this primer is to address, in a highly graphical format, various questions, including: What are the different types of taxes upon which California relies? What is their relative importance, and how have they evolved over time? How large a "burden" do these taxes impose on Californians and how is this burden distributed? What types of policy issues are associated with the current tax structure?

Report

California's Fiscal Outlook: LAO Projections 2000-01 Through 2005-06

November 15, 2000 - California is in the midst of an extraordinary economic and revenue boom. We project that in 2000-01 the State of California's General Fund will end with a reserve of nearly $6.9 billion—up sharply from the $1.8 billion assumed in June when the budget was adopted. In 2001-02, assuming current-law spending and tax policies, we forecast that revenues would exceed expenditures by $3.4 billion, bringing the cumulative reserve to $10.3 billion. We suggest that the $6.9 billion reserve carried into the budget year from 2000-01 be used primarily for one-time purposes; the $3.4 billion annual operating surplus would be available for ongoing purposes.

Handout

An Overview of Proposition 37

October 2, 2000 - A Handout presented on September 29, 2000, to Senate Committee on Revenue and Taxation, Senate Committee on Environmental Quality, and Assembly Committee on Revenue and Taxation.

Report

California's Changing Income Distribution

August 10, 2000 - In recent decades the distribution of adjusted gross income reported on California tax returns has shifted significantly, with the share attributable to the top 20 percent of returns rising and that for the bottom 80 percent falling. We examine the changes in California's income distribution and their causes.

Presentation

Budget, Taxes, and Spending

May 5, 2000 - A slide presentation composed of graphics highlighting trends in several areas including demographics, California's economy, state expenditures and revenues, and taxation.

Report

California's Extraordinary Revenue Developments

April 6, 2000 - General Fund revenues have been accumulating at a dramatic pace in early 2000. If current strong trends continue through the end of the year, revenues in 1999-00 will exceed the administration's January budget forecast by more than $4 billion and our own February estimate by $2 billion. Our updated forecast of the state's fiscal condition for the current and budget years will be published following the May Revision. (Cal Update)

Report

Property Tax Administration Funding Not Ideal Approach

February 17, 2000 - We recommend that the Legislature not extend the sunset of the Property Tax Administration Loan Program and instead consider alternatives that would provide a long-term structural improvement to the property tax system.

Report

Budget Forecast for Special Funds Revenues 2000-01

February 17, 2000 - Budget Forecast for Special Funds Revenues 2000-01

Report

LAO's General Fund Revenue Outlook 2000-01

February 17, 2000 - LAO's General Fund Revenue Outlook 2000-01

Report

Perspectives on State Revenues 2000-01

February 17, 2000 - Perspectives on State Revenues 2000-01

Report

Perspectives on the Economy and Demographics 2000-01

February 17, 2000 - Perspectives on the Economy and Demographics 2000-01

Report

The 2000-01 Budget: Perspectives and Issues

February 17, 2000 - Perspectives on the state's fiscal condition and the budget proposed by the Governor for 2000-01.

Report

Reconsidering AB 8: Exploring Alternative Ways to Allocate Property Taxes

February 3, 2000 - In 1999 the Legislature stated its intent to revamp the property tax allocation system. We examine five alternatives for improving local finance.

Economy and Taxes Staff

Chas Alamo
(916) 319-8357
Personal Income Tax, Employment, and Labor Law
 
Ross Brown
(916) 319-8345
Property Taxes, Bonds, and the Economy
 
Ann Hollingshead
(916) 319-8305
State Budget and Federal Funding
 
Nick Schroeder
(916) 319-8314
Public Employment, CalPERS, Elections, Veterans Affairs
 
Brian Uhler
(916) 319-8328
Deputy Legislative Analyst: Economy, Taxes, and Labor
 
Seth Kerstein
(916) 319-8365
Sales and Excise Taxes and Demographics