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

Statewide Minimum Wage Increasing in January

Dec 6, 2016 - They will apply to employers with fewer than 26 employees one year later.) Most Local Minimum Wages Are Slightly Narrower Than The State ’s. Very few employees are exempt from the statewide minimum wage.
https://lao.ca.gov/Publications/Report/3512

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

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 2018-19 Budget: The Administration’s Proposition 55 Estimates [Publication Details]

Mar 1, 2018 - In 2018-19, the first year of implementation of this calculation, the administration’s interpretations and estimates result in no additional funds to Medi-Cal. Two key choices lead to this result. First, the administration’s decision to subtract $3.5 billion from available revenues to account for its proposed optional reserve deposit significantly reduces the calculation’s starting point, eliminating a surplus that would have directed funds to Medi-Cal.
https://lao.ca.gov/Publications/Detail/3765

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

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 2005-06 [Publication Details]

Feb 22, 2005 - The current strength in the economy is translating into solid growth in receipts from the state's taxes—particularly the corporate tax and personal income tax. Recent cash receipts trends have been even stronger than anticipated in the Governor's budget, mainly because of strong 2004 year-end collections from the personal income tax and corporation tax.
https://lao.ca.gov/Publications/Detail/1233

The 2017-18 Budget: Governor's Gann Limit Proposal [Publication Details]

Mar 2, 2017 - Under the State Constitution, state tax revenues in excess of the Prop 4 (1979) state appropriations limit, or Gann Limit, must be split between taxpayer rebates and additional school spending. The Governor now proposes a new calculation methodology that creates $22 billion in additional state spending capacity.
https://lao.ca.gov/Publications/Detail/3596

How Will Aging Baby Boomers Affect Future Property Tax Revenues? [Publication Details]

Jun 20, 2017 - In the coming years, more and more aging homeowners likely will look to sell their homes. This surge in sales should boost local government property tax collections. These potential property tax gains are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.
https://lao.ca.gov/Publications/Detail/3693