Cigarette Tax Initiative [Publication Details]

Jun 14, 2016 - Cigarette Tax Initiative [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/3484

MOU Fiscal Analysis: Bargaining Unit 12 (Craft and Maintenance)

Jun 10, 2016 - These leave cash outs are subject to Social Security and Medicare payroll taxes but do not affect employees ’ pension benefits. The administration assumes that departments would absorb these costs within existing departmental resources.
https://lao.ca.gov/Publications/Report/3482

May Revision: Wage and Salary Estimates [EconTax Blog]

May 27, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/190

Sheriff Court-Security Services Mandate

May 27, 2016 - This included a shift of state tax revenues to the counties to finance this new responsibility. Chapter  22 Created a State-Reimbursable Mandate. The commission determined that the provision of trial court security by county sheriffs in criminal and delinquency proceedings is a legal responsibility required by state law.
https://lao.ca.gov/Publications/Report/3478

May Revision: Property Tax Estimates [EconTax Blog]

May 23, 2016 - May Revision: Property Tax Estimates [EconTax Blog] May Revision: Property Tax Estimates May 23, 2016 Carolyn Chu Local property taxes distributed to school and community college districts affect the state 's Proposition 98 school funding requirements.
https://lao.ca.gov/LAOEconTax/Article/Detail/189

LAO Multiyear State Budget Outlook

May 20, 2016 - For example, we assume the temporary taxes passed by voters in Proposition 30 expire, consistent with current law. Similarly, we  assume the tax on managed care organizations passed earlier this year expires at the end of 2018-19.
https://lao.ca.gov/Publications/Report/3472

Considering Changes to Streamline Local Housing Approvals

May 17, 2016 - In California, many cities and counties find that housing developments lead to more local costs than offsetting tax revenues. This is because these properties do not produce sales or hotel tax revenues directly and the state ’s cities and counties typically receive only a small portion of the revenue collected from the property tax.
https://lao.ca.gov/Publications/Report/3470

Proposed Reserves in the Governor’s May Revision

May 17, 2016 - Since the Governor released his budget proposal in January, the administration has revised its estimate of personal income taxes resulting from capital gains income in 2015 through 2017. This results in lower BSA deposit estimates for 2015-16 and 2016-17.
https://lao.ca.gov/Publications/Report/3463

May Revision 2016: Revenue Outlook [EconTax Blog]

May 16, 2016 - For 2014-15,  we estimate  that the combined revenues of the General Fund ’s four largest tax sources (PIT, sales taxes, corporation taxes, and insurance taxes) are $210 million more than the administration currently estimates for 2014-15.
https://lao.ca.gov/LAOEconTax/Article/Detail/186

May Revision 2016: Economic Outlook [EconTax Blog]

May 15, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/185