The 2016-17 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 15, 2016 - Nevertheless, estimated tax revenues continue to exceed proposed spending in 2016-17, which would facilitate total reserves ending 2016-17 at $4 billion above the level assumed in the state's 2015-16 budget plan.
https://lao.ca.gov/Publications/Detail/3460

Administration’s Cap-and-Trade Report Provides New Information, Raises Issues For Consideration

Apr 15, 2016 - Such an approach would give the Legislature greater flexibility to use the revenue to (1) prov ide rebates or tax reductions that offset the costs that would be incurred by households or businesses and/or (2) fund projects that promote the Legislature ’s highest priorities.
https://lao.ca.gov/Publications/Report/3445

Options for Modifying the State Child Care Tax Credit

Apr 7, 2016 - Expanding the tax credit would relieve some of the cost of raising children. Decision Points The Supplemental Report of the 2015–16 Budget Package stated the Legislature’s intent to provide a refundable child care tax credit to low– and middle–income families.
https://lao.ca.gov/Publications/Report/3417

Options for Modifying the State Child Care Tax Credit [Publication Details]

Apr 7, 2016 - Options for Modifying the State Child Care Tax Credit [Publication Details] Options for Modifying the State Child Care Tax Credit Format: HTML Description: The Child and Dependent Care Expenses Credit (“child care tax credit” or “credit”) is a provision of the state income tax code that allows filers with income below $100,000 to reduce their tax liability by a percentage of their eligible child care expenses.
https://lao.ca.gov/Publications/Detail/3417

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Apr 4, 2016 - These leave cash outs are subject to 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/3409

Online signature gathering for initiative, referendum and recall petitions. [Ballot]

Mar 22, 2016 - The net change for economic activity and state and local tax revenues, therefore, could be minimal. Summary of Fiscal Effects. This measure likely would have the following major fiscal effects: One-time state and local government costs in the millions of dollars or more to develop an online system for electronic petition signature gathering.
https://lao.ca.gov/BallotAnalysis/Initiative/2016-002

The 2016-17 Budget: California Public Utilities Commission

Feb 25, 2016 - In addition, the state provides (1) a per enrollee monthly payment to cover carriers ’ administrative costs, (2) a one-time connection subsidy for new enrollees or enrollees that switch plans, and (3) a subsidy to cover other telephone taxes and surcharges for LifeLine enrollees.
https://lao.ca.gov/Publications/Report/3373

The 2016-17 Budget: Analysis of Child Care and Preschool Proposals

Feb 24, 2016 - While federal and state spending (approximately $200  million since 2012) for these QRIS is set to sunset in 2015 –16 , First  5 California —a commission established to use tobacco tax revenues to benefit children birth through five —has recently announced that it plans to spend $190  million between 2015 –16 and 2019 –20 to expand and enhance QRIS.
https://lao.ca.gov/Publications/Report/3367

The 2016-17 Budget: Transportation Proposals

Feb 23, 2016 - This is because under the Governor ’s plan, the new revenues allocated to SHOPP would come from permanent tax increases that would continue even when the need for funding is less in the future. Governor ’s Accountability Measures Are Limited.
https://lao.ca.gov/Publications/Report/3366

The 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - California has two statutes that trigger reductions in the state ’s sales tax rate if balances in the SFEU reach a certain threshold. Under either statute, the state ’s sales tax rate would automatically decline by one –quarter cent for one calendar year, equal to around $1.5  billion.
https://lao.ca.gov/Publications/Report/3348