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May 26, 2010 - The February 2009 state budget agreement changed the apportionment formula used to determine California taxable income for firms that also operate in other states. While the current formula considers the location of firms’ sales, property, and payroll, starting in 2011 firms will have the option to consider only their sales. This policy is intended to encourage firms to produce in California and sell into other states. In this report, we examine the rationales for different approaches to apportionment and evidence from California and other states on how changes to apportionment laws affect both economic activity and tax revenue. Our findings indicate that: (1) a formula with a higher weight on sales and lower weights on property and payroll promotes job growth to some extent; (2) with most states’ formulas now based only on sales, the old formula that used property and payroll could put some California producers at a competitive disadvantage; and (3) allowing firms to choose their formula every year arbitrarily favors some firms over others. We recommend that the state require all firms to use the single sales factor, which would help the state’s competitiveness while limiting the cost to the budget.
May 25, 2010 - Presented to: Senate Budget and Fiscal Review Committee Hon. Denise Moreno Ducheny, Chair
May 25, 2010 - Presented to: Senate Budget and Fiscal Review Committee Hon. Denise Moreno Ducheny, Chair
May 25, 2010 - Presented to the Assembly Budget Subcommittee No. 2 on Education. Hon. Wilmer Amina Carter, Chair. May 25, 2010.
May 25, 2010 - Presented to Assembly Budget Subcommittee # 4 on State Administration
May 25, 2010 - Presented to the Senate Budget and Fiscal Review Committee. May 25, 2010.
May 19, 2010 - Presented to Assembly Budget Subcommittee No. 1 On Health and Human Services and Assembly Budget Subcommittee No. 2 On Education Finance
May 19, 2010 - Presented to Senate Budget and Fiscal Review Subcommittee No. 4 on State Administration, General Government, Judicial and Veterans Affairs
May 19, 2010 - Presented to Legislative Staff
May 18, 2010 - Legislative Analyst Mac Taylor's press conference in which he discusses the LAO report "The 2010-11 Budget: Overview of the May Revision."
May 18, 2010 - In the May Revision, the administration identifies a $17.9 billion gap between current-law resources and expenditures in California's 2010-11 General Fund budget. This estimate is reasonable. In addressing the shortfall, the Legislature should reject the Governor's most drastic spending cuts, especially his proposed elimination of CalWORKs and child care funding. Alternative spending reductions could help sustain critical components of these core programs for the state's neediest families, and some of the Governor's most severe cuts could be avoided by adopting selected revenue increases. The report also describes the Legislature's options in deciding how much education spending the state can afford in this difficult budget year, when elected leaders also need to focus on longer-term policy changes that will better prepare California to cope with future economic downturns.
(Video of press conference)
May 13, 2010 - This responds to Assembly Member Logue's request that we conduct a qualitative analysis of the costs of California taking actions to address the climate change issue, without there being a shared consensus and involvement across the nation in terms of how the issue is addressed. Specifically we were asked to look at the costs California would likely incur following the implementation of AB 32 through the California Air Resource Board’s Scoping Plan, compared to states that do not have similar policies in place.
May 13, 2010 - The Patient Protection and Affordable Care Act (PPACA), often referred to as federal health care reform, is far-reaching legislation that will change how millions of Californians access health care coverage. We provide an overview of the new law and describe its implications for state health programs in the near term and the long term. We also recommend the Legislature think broadly about implementing PPACA and identify key issues to address including: (1) future costs for health programs, (2) whether structural changes to health programs are warranted, (3) whether PPACA should prompt a reevaluation of the state-local relationship, (4) new strategies that could bolster health care quality and outcomes, and (5) how future workforce and health infrastructure needs should be addressed.
May 12, 2010 - We were requested by a Member of the Legislature to do a fiscal analysis of AB 1844, as amended on April 28, 2010. As is our standard practice, we also shared our response with the author of the bill, Assembly Member Nathan Fletcher.