Federal Spending in California

Jan 18, 2017 - For example, the refundable portion of the EITC is estimated on a tax year basis (which runs from January 1st to December 31st) and defense contracts on a federal fiscal year basis (October 1st to September 30th) .
https://lao.ca.gov/Publications/Report/3531/1

Federal Spending in California

Jan 18, 2017 - To do this, the Tax Foundation increases its estimate of tax revenues from each state in proportion to the total federal deficit. In effect, this inflates the estimated amount Californians “pay” in taxes.
https://lao.ca.gov/Publications/Report/3531/2

Federal Spending in California

Jan 18, 2017 - In this post, estimates of total federal expenditures by county include: Social Security, Medicare, Medicaid, federal civilian wages, military wages, government contracts, veterans ’ benefits, Supplementary Security Income (SSI), the refundable portion of the Earned Income Tax Credit (EITC), and Supplemental Nutrition Assistance Program (SNAP) benefits.
https://lao.ca.gov/Publications/Report/3531/6

Federal Spending in California

Jan 18, 2017 - Most of the difference is attributable to differences in our estimates of grants spending and our inclusion of significant refundable tax credits as components of federal sp ending. While our estimate is not comparable with multi-state estimates, our approach does allow us to display spending amounts at a more detailed level and with more precision and detail than others.
https://lao.ca.gov/Publications/Report/3531/7

The 2017-18 Budget: Overview of the Governor’s Transportation Budget

Jan 18, 2017 - The budget estimates that the package will generate an average of $4.2  billion annually over the next ten years, primarily from a new $65 vehicle registration tax and increasing gasoline and diesel excise taxes and indexing the rates for inflation.
https://lao.ca.gov/Publications/Report/3533

A Historical Review of Proposition 98

Jan 18, 2017 - Gas Tax Swap. State eliminated its sales tax on gasoline, which had counted toward the guarantee, and replaced it with an excise tax that otherwise would not count toward the guarantee. The state initially held schools and community colleges harmless by assuming the gas sales tax revenue still existed for the purposes of Proposition  98 calculations.
https://lao.ca.gov/Publications/Report/3526

Federal Spending in California

Jan 18, 2017 - Finally, this category includes the refundable portion of two major tax credits: the Earned Income Tax Credit (EITC), which provides a refundable tax credit to low- to moderate-income working individuals and couples; and the Child Tax Credit, which provides refundable tax credits to eligible low-income families with children.
https://lao.ca.gov/Publications/Report/3531/3

EdBudget Tables (January 2017)

Jan 13, 2017 - Proposition 98 Funding Per Student $10,171 $396 2.7% a Includes funding for state debt-service payments for school facilities, state contributions to the State Teachers ’ Retirement System, and California Department of Education operations. b Includes one-time clean energy funds carried over from previous years. c Includes revenue from local fees, property taxes collected in
https://lao.ca.gov/Publications/Report/3529

The 2017-18 Budget: Overview of the Governor's Budget

Jan 13, 2017 - This publication is our office’s initial response to the Governor's 2017-18 budget proposal. The administration's estimates anticipate slow growth in the personal income tax (PIT), the state’s dominant revenue source. The Governor’s estimate of PIT growth in 2017-18 is probably too low.
https://lao.ca.gov/Publications/Report/3528

The 2017-18 Budget: Overview of the Governor’s Proposition 98 Budget Package

Jan 13, 2017 - (Supplemental taxes consists of the property tax levied on properties sold midyear and are included in “other property tax revenue ” in the figure.) These increases are partially offset by a higher estimate of excess tax revenue.
https://lao.ca.gov/Publications/Report/3530