February 2019 State Tax Collections [EconTax Blog]

Mar 11, 2019 - February 2019 State Tax Collections [EconTax Blog] Carolyn Chu February Revenues Roughly on Track. Overall, February collections for the state ’s three largest sources of revenue —the personal income tax (PIT), sales tax, and corporation tax —were $117 million ahead of the administration ’s January projections.
https://lao.ca.gov/LAOEconTax/Article/Detail/351

The 2019-20 Budget: Assessing the Governor's 1991 Realignment Proposals

Mar 8, 2019 - Rather than reimburse counties based on their actual costs, the state typically provides counties specific revenue sources —like a portion of the sales tax —to pay for their increased fiscal responsibilities (share of cost) under realignment.
https://lao.ca.gov/Publications/Report/3962

The 2019-20 Budget: Assessing the Governor's 1991 Realignment Proposals [Publication Details]

Mar 8, 2019 - The 2019-20 Budget: Assessing the Governor's 1991 Realignment Proposals [Publication Details] Description: This report evaluates the changes the Governor proposes and assesses whether the changes better position 1991 realignment to achieve its intended benefits and meet the principles of a successful state-county fiscal partnership we identified in our October report.
https://lao.ca.gov/Publications/Detail/3962

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Generally Reduced Tax Rates . . . The 2017 federal tax law reduced effective tax rates for many filers. (The effective tax rate is the total amount of tax divided by the taxpayer ’s gross income.) In particular, the law: Replaced the previous CT rate structure with a flat 21  p ercent tax rate.
https://lao.ca.gov/Publications/Report/3959

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: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Many community ‑based organizations and other state and local government agencies (such as school districts and county social services offices) engage in efforts to raise awareness about the state and federal EITC.
https://lao.ca.gov/Publications/Report/3960

The 2019-20 Budget: Tax Conformity [Publication Details]

Mar 6, 2019 - Generally, the federal tax changes reduced tax rates and broadened the tax base (what is subject to tax). Because the state’s income tax laws closely refer to large portions of federal law, many of those changes created new differences between federal and state taxes.
https://lao.ca.gov/Publications/Detail/3959

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion [Publication Details]

Mar 6, 2019 - The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion [Publication Details] The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion Format: HTML Description: The state adopted an EITC in 2015 and expanded it in 2017 and 2018.
https://lao.ca.gov/Publications/Detail/3960

Building Permits Update: January 2019 [EconTax Blog]

Mar 5, 2019 - Several southern California counties —Los Angeles, Orange and Riverside —had a particularly strong month  for multifamily permitting. These counties ’ January 2019 permitting totals were more than double their January average during the prior five years.
https://lao.ca.gov/LAOEconTax/Article/Detail/350

The 2019-20 Budget: California Department of Food and Agriculture

Mar 5, 2019 - When outbreaks occurred, such as the one that occurred when a major Mediterranean fruit fly infestation occurred in Los Angeles County, CDFA redirected staff away from ACP and HLB suppression and eradication activities in order to address a more immediate threat.
https://lao.ca.gov/Publications/Report/3958