The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The General Fund view shows the user how the state spends its tax revenues over which the state has relative discretion, while the General Fund + Special Funds view arguably provides a more comprehensive look at total state spending in the budget.
https://lao.ca.gov/Publications/Report/3694/13

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - As required by Proposition  56 (2016), the budget provides $32  million in new cigarette tax revenue to support tobacco use prevention education in California schools. The funds are to be allocated in accordance with the existing Tobacco Use Prevention Education program administered by CDE.
https://lao.ca.gov/Publications/Report/3694/3

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The legislation increases existing fuel taxes and creates two new 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/3694/10

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - This is primarily due to (1)  $52  million in increased revenue to the State Parks and Recreation Fund (SPRF) under Chapter  5 of 2017 (SB  1, Beall), which directed any additional revenue from increased motor vehicle fuel tax revenue attributable to off ‑highway recreational vehicles to SPRF; (2)  one ‑time Proposition  40 (2002) funding of $26  million for local assistance
https://lao.ca.gov/Publications/Report/3694/9

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Amends Tax Collection Provisions. Requires all the cannabis excise taxes —including the excise taxes on cultivation and retail sales —to be remitted by the cannabis distributor. Clarifies that this tax collection will happen when the product enters the commercial market (after the product complies with quality assurance).
https://lao.ca.gov/Publications/Report/3694/12

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Relative to January, the administration ’s estimates of revenues associated with the “Big Three ” state taxes were up $2.1  billion across 2015 ‑16, 2016 ‑17, and 2017 ‑18 combined. In addition to required spending increases under the Proposition  98 minimum guarantee, the May Revision proposed a discretionary increase of $1.6  billion for schools and community colleges across the three fiscal years.
https://lao.ca.gov/Publications/Report/3694/2

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The spending plan includes $226.1  million and 57  positions from Proposition  56 (tobacco tax) revenues to implement the provisions of Proposition  56 related to DPH programs, as follows: $181.1  million for the Tobacco Control Branch to fund media campaigns, provide grants to local health departments and other organizations, and conduct program evaluation in an effort to
https://lao.ca.gov/Publications/Report/3694/6

LAO Multiyear State Budget Outlook

May 19, 2017 - The differences in these outlooks are nearly entirely driven by different assumptions about how much revenue, in particular from the personal income tax (PIT), that state will collect over the next few years.
https://lao.ca.gov/Publications/Report/3675

A History of California’s Budget Reserves

Mar 24, 2017 - State revenues, particularly those from the personal income tax (PIT), are volatile . In particular, the PIT tax base includes capital gains (gains on the sale of stocks, bonds, certain homes, and other assets), which vary considerably from year to year.
https://lao.ca.gov/Publications/Report/3630

The 2017-18 Budget: Alternatives to the Governor’s Proposition 2 Proposals

Feb 23, 2017 - In our January 2017 Overview of the Governor’s Budget , we noted that the administration’s estimate of 2017‑18 revenues associated with the personal income tax seemed too low. In particular, the administration’s estimates of revenues from capital gains in 2017‑18 seem inconsistent with their own economic forecasts.
https://lao.ca.gov/Publications/Report/3574