The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The state ’s “Big Three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are assumed to increase at a slightly higher rate (4.2  percent). The difference between these growth rates is attributable to a decline in other revenues.
https://lao.ca.gov/Publications/Report/3487

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - With respect to these formulas, we assume: Sales Tax Reductions Are Not Triggered. California has two statutes that trigger reductions in the state ’s sales tax rate if balances in discretionary reserves reach a certain threshold.
https://lao.ca.gov/Publications/Report/3896

Fiscal Outlook Supplement on Proposition 2: True Up Calculations

Dec 3, 2015 - Figure 1 Proposition 2 "True Up " Calculation for 2015-16 ( In Millions) Total taxes from capital gains $13,940 Amount equal to 8 percent of all General Fund taxes -9,610 Subtotals, Capital Gains Taxes Over 8 Percent Threshold ($4,331)
https://lao.ca.gov/Publications/Report/3314

The 2015-16 Budget: Major Features of the Adopted Plan (Overview of Adopted Plan)

Jun 19, 2015 - The state ’s “big three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are estimated to increase at a slightly higher rate (4  percent). General Fund revenue growth was much higher in 2014‑15, increasing at a very healthy 7.7  percent rate.
https://lao.ca.gov/Publications/Report/3279

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - Under our estimates, recent gains in revenues —particularly from taxes on higher income earners —would persist and continue to grow close to the historical average rate. (For more discussion of our assumptions, please see: The 2021‑22 Budget: May Revenue Outlook .)
https://lao.ca.gov/Publications/Report/4437

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Cash Management A Sizeable Cash Cushion Allows the State to Withstand the Delay in the Tax Filing Date … The state ’s sizeable reserve balances have contributed to a strong cash position in recent years.
https://lao.ca.gov/Publications/Report/4228

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Amends Tax Collection Provisions. Requires all the cannabis excise taxes —including the excise taxes on cultivation and retail sales —to be remitted by the cannabis distributor. Clarifies that this tax collection will happen when the product enters the commercial market (after the product complies with quality assurance).
https://lao.ca.gov/Publications/Report/3694/12

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The General Fund view shows the user how the state spends its tax revenues over which the state has relative discretion, while the General Fund + Special Funds view arguably provides a more comprehensive look at total state spending in the budget.
https://lao.ca.gov/Publications/Report/3694/13

The Property Tax Postponement Program [Publication Details]

Mar 6, 2019 - The Property Tax Postponement Program [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3967

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - Revenues from taxes and fees are the major sources of available resources. The three largest sources of state revenues are the personal income tax (PIT), sales tax, and corporation tax. While some revenue sources, like the sales tax, grow relatively steadily from one year to the next, the PIT is quite volatile —in most years growing by billions of dollars and in some years shrinking by billions of dollars.
https://lao.ca.gov/Publications/Report/3925