Volatility of California’s Personal Income Tax Structure [Publication Details]

Sep 28, 2017 - Volatility of California’s Personal Income Tax Structure [Publication Details] Volatility of California’s Personal Income Tax Structure Format: HTML Description: For many years, personal income tax (PIT) volatility has complicated budgetary planning.
https://lao.ca.gov/Publications/Detail/3703

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

A Look at Voter-Approval Requirements for Local Taxes [Publication Details]

Mar 20, 2014 - A Look at Voter-Approval Requirements for Local Taxes [Publication Details] Video Description: For about 100 years, California’s local governments generally could raise taxes without directly securing their residents’ consent.
https://lao.ca.gov/Publications/Detail/2978

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

Why Have Sales Taxes Grown Slower Than the Economy? [Publication Details]

Aug 5, 2013 - Historically, consumers have spent about the same share of their income each year on taxable items, meaning that sales taxes generally kept pace with growth in the state's economy. Starting in 1980, however, California consumers began to spend a growing share of their income each year on nontaxable items, especially services, and a declining share of their income on taxable goods.
https://lao.ca.gov/Publications/Detail/2800

California’s Fiscal Outlook: The 2011-12 Budget [Publication Details]

Nov 10, 2010 - Similar to our forecast of one year ago, we project annual budget problems of about $20 billion each year through 2015‑16. We continue to recommend that the Legislature initiate a multiyear approach to solving California’s recurring structural budget deficit.
https://lao.ca.gov/Publications/Detail/2365

The 2018-19 Budget: California Competes Proposal [Publication Details]

Feb 21, 2018 - The Governor proposes extending the California Competes tax credit for five years. We recommend rejecting the administration’s proposal to extend the California Competes tax credit because of problems that are inherent in and unavoidable for these types of programs. If the Legislature chooses to extend California Competes, we offer several suggestions that may alleviate some of its problems.
https://lao.ca.gov/Publications/Detail/3759

Perspectives on State Revenues 2007-08 [Publication Details]

Feb 21, 2007 - Following two years of major increases, it appears that revenue growth is slowing sharply in 2006-07, reflecting the impacts of a more moderate economic expansion and a dip in income from capital gains. The budget assumes that revenue growth will revive somewhat in 2007-08, led by an improving economy beginning later this year.
https://lao.ca.gov/Publications/Detail/1557

The 1991-92 Budget: Perspectives and Issues [Publication Details]

Feb 27, 1991 - (308 pages, 13 MB) As the Legislature faces deliberations on the 1991-92 budget, the combination of underlying structural imbalances and a downturn in the California economy has resulted in an estimated two-year budget funding gap of almost $10 billion.
https://lao.ca.gov/Publications/Detail/2026

The LAO’s Economic and Budget Projections [Publication Details]

Nov 19, 1998 - The LAO’s Economic and Budget Projections [Publication Details] Description: In striking contrast to the past two years, when strong revenues provided funds for both tax relief and significant spending increases in education and other program areas, our projections indicate that 1999-00 will be a difficult year.
https://lao.ca.gov/Publications/Detail/80