The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Senate Bill 1 Funding Senate Bill 1 i ncreased fuel taxes and vehicle charges to support existing and new transportation programs. It also repays monies loaned in the past to the General Fund from various transportation accounts.
https://lao.ca.gov/Publications/Report/3870/10

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Earned Income Tax Credit (EITC) State EITC Adopted in 2015. The EITC is a personal income tax credit that is intended to reduce poverty among California ’s poorest working families by increasing their after ‑tax income.
https://lao.ca.gov/Publications/Report/3870/12

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget assumes that $ 79  m illion of fuel tax revenue will be transferred to the State Parks and Recreation Fund (SPRF) in 2018 ‑19 as a result of Chapter   5 o f 2017 (S B  1 , Beall). This is an increase of $ 25  m illion from the amount transferred in 2017 ‑18, which primarily reflects the full implementation of the fuel tax increases established in S B  1 .
https://lao.ca.gov/Publications/Report/3870/9

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Proposition  56, approved by voters in 2016, raised state taxes on tobacco products and dedicates the majority of its associated revenues to Medi ‑Cal. The spending plan allocates up to $1. 26  b illion in Proposition   56 r evenues to be spent in Medi ‑Cal in 2018 ‑ 19 o n the following purposes: Up to $821   Million for Provider Payment Increases.
https://lao.ca.gov/Publications/Report/3870/6

The 2018-19 May Revision: LAO Multiyear State Budget Outlook

May 17, 2018 - LAO Estimates Assume No Reduction in Sales Tax Rates. California has two statutes that trigger reductions in the state ’s sales tax rate if balances in the SFEU reach a certain threshold. Under either statute, the state ’s sales tax rate automatically would decline by one-quarter cent for one calendar year, equal to around $1.7  billion, reducing the SFEU by the same amount.
https://lao.ca.gov/Publications/Report/3843

The 2018-19 Budget: Initial Comments on the May Revision

May 12, 2018 - In large part, this reflects the administration’s projected increase between 2017 and 2019 in the share of income earned by higher income households (who pay higher tax rates under California’s graduated tax structure).
https://lao.ca.gov/Publications/Report/3832

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - While these markets represent a minority of homes in the state, the Bay Area contributes disproportionately to the state’s economic activity and tax revenue. Figure 2 LAO May 2018 Economic Growth Scenario a Percent Change Unless Otherwise Indicated 2017
https://lao.ca.gov/Publications/Report/3829

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - (Corporations previously avoided paying federal tax on these profits by holding them overseas.) Once this one-time tax is paid, corporations may bring these profits back to the U.S. any time (without paying any additional federal taxes).
https://lao.ca.gov/Publications/Report/3830

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - As described earlier, when local property tax revenue outpaces growth in school district appropriations limits, the state must transfer some of its limit to school districts to ensure that they do not exceed their local limits.
https://lao.ca.gov/Publications/Report/3800

The 2018-19 Budget: Governor's Gann Limit Estimates [Publication Details]

Apr 6, 2018 - The 2018-19 Budget: Governor's Gann Limit Estimates [Publication Details] The 2018-19 Budget: Governor's Gann Limit Estimates Format: HTML Description: The State Constitution limits how much the Legislature can spend from tax revenues.
https://lao.ca.gov/Publications/Detail/3800