Perspectives on State Revenues 2001-02 [Publication Details]

Feb 21, 2001 - Perspectives on State Revenues 2001-02 [Publication Details] Description: Strong economic growth through the end of 2000 is significantly boosting revenues in the current year. However, an economic slowdown in 2001 will depress revenues in the budget year.
https://lao.ca.gov/Publications/Detail/768

California's Geography of Wealth [Publication Details]

Sep 5, 2019 - The concentration of wealth among a small number of very wealthy individuals and households has been the topic of much research and commentary in recent years. Perhaps less discussed is the similarly uneven geographical distribution of wealth.
https://lao.ca.gov/Publications/Detail/4093

The 2020-21 Budget: Overview of the Governor's Budget [Publication Details]

Jan 13, 2020 - The Governor allocates most of the surplus toward one-time purposes, including maintaining a positive year-end balance in the state’s discretionary reserve. Under the administration’s estimates, total reserves would reach $20.5 billion at the end of 2020-21—this represents a $1.7 billion increase from the 2019-20 enacted level.
https://lao.ca.gov/Publications/Detail/4135

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Most of the variance is explained by the PIT, where we are $3.7 billion higher than the administration over the three fiscal years combined. Most of that difference appears to be in capital gains and wages.
https://lao.ca.gov/Publications/Report/3830

Perspectives on the Economy and Demographics 2007-08 [Publication Details]

Feb 21, 2007 - For 2007, like most other economists at this time, we forecast that growth will continue but be modest for the nation and California. For the year as whole, 2007 growth will be somewhat less than it was in 2006, with the first half of the year the weakest. Throughout the year, however, growth should accelerate, as the housing sector stabilizes, especially in the second half of 2007.
https://lao.ca.gov/Publications/Detail/1558

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - Year-by-year budgeting is a standard practice to help the Legislature conduct meaningful oversight over major IT projects. To implement this recommendation, the Legislature would need to reject the provisional language allowing the administration to spread vendor payments across multiple fiscal years (Provisions 5 and 6 under BOE ’s General Fund appropriation in the budget bill).
https://lao.ca.gov/Publications/Report/3609

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - Taxation of Sugary Drinks [Publication Details] HTML Description: Taxes on sugary drinks have become increasingly common in recent years. In June 2018, the Legislature passed a law (Chapter 61 of 2018 [AB 1838, Committee on Budget]) prohibiting local governments from levying such taxes (and other taxes on groceries) through 2030.
https://lao.ca.gov/Publications/Detail/3903

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program [Publication Details]

Mar 27, 2017 - In this report, we look at data from the first two years of SCAPAP and attempt to gauge the program’s effect on property tax revenues. Our analysis suggests the effect of SCAPAP on property taxes has been modest.
https://lao.ca.gov/Publications/Detail/3632

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - As in the prior year, the budget package also includes $10 million for education and outreach to expand awareness of the EITC. This post describes each of the three changes. The administration coupled the EITC expansion with changes to other tax provisions that increased tax revenue.
https://lao.ca.gov/Publications/Report/4099

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - If investors hold on to the investment for multiple years, their tax liability on their deferred capital gains can be reduced. In addition, investors that maintain their investment for at least ten years will not be taxed on any capital gains earned on their Opportunity Zone investment.
https://lao.ca.gov/Publications/Report/4038