Personal Income Tax Much More Volatile Than Economy [EconTax Blog]

Dec 8, 2014 - Why Is California 's Personal Income Tax So Volatile? Personal income taxes are the largest state revenue source. As this graphic shows, these taxes are much more volatile than statewide personal income.
https://lao.ca.gov/LAOEconTax/Article/Detail/8

California's Changing Population [EconTax Blog]

Dec 5, 2014 - As we at the LAO develop our own economic and tax revenue estimates, our process always begins with analysis of key population trends in California. In our recent Fiscal Outlook , we noted our projection that California's population will grow by 0.4 percent to 0.8 percent per year over the next several years.
https://lao.ca.gov/LAOEconTax/Article/Detail/6

The LAO's outlook for revenues resulting from the temporary tax measure passed in 2012

Nov 22, 2014 - Specifically, the taxes of Proposition 30 expire under current law as follows: Sales Tax Increase. The one-quarter cent sales tax rate increase that went into effect in January 2013  remains in effect through the end of calendar year 2016.
https://lao.ca.gov/Recommendations/Details/815

Infographic: California's State Budget [Publication Details]

Oct 24, 2014 - Since 1950-51, the personal income tax has replaced the sales and use tax as the predominant source of General Fund revenue. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/3149

California "Big Three" tax revenues $465 million above projections for September

Oct 16, 2014 - California 's "Big Three " taxes —the personal income tax (PIT), the sales and use  tax (sales tax, or SUT), and the corporate income tax (also known as the corporation tax, or CT) —currently generate over 96 percent of the annual revenues of the General Fund, the state government 's main operating account.
https://lao.ca.gov/Recommendations/Details/814

No Blank Checks Initiative [Ballot]

Aug 4, 2014 - State general obligation bonds are guaranteed by the state government ’s full faith and credit and are generally repaid using the state ’s general tax revenues. Local general obligation bonds are typically funded by increased property taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2014-009

Multiyear forecast of state finances under Governor's May Revision proposals

May 21, 2014 - Compared with the administration, our office assumes higher amounts of capital gains taxes flow to the General Fund during the forecast period, particularly in the near term. Under ACAX2 1, through 2029-30, annual deposits to the BSA are required (except when suspended or reduced in a declared budget emergency) to equal 0.75 percent of estimated General Fund revenues plus half of
https://lao.ca.gov/Recommendations/Details/813

Proposed pilot unlikely to provide reliable results

May 19, 2014 - Counties administer the property tax. While most local governments that receive property taxes reimburse the county for their proportionate share of administrative costs, scho ols and community colleges do not.
https://lao.ca.gov/Recommendations/Details/810

The 2014-15 Budget: Overview of the May Revision [Publication Details]

May 16, 2014 - In addition, we project over $700 million more in local property taxes for school districts. If the Legislature were to adopt our office's higher revenue forecast and property tax estimates, General Fund spending under Proposition 98 would increase $2.7 billion, relative to the administration's May forecast.
https://lao.ca.gov/Publications/Detail/3017

Updates concerning April 2014 California tax collections.

May 11, 2014 - For the state 's "Big Three " General Fund taxes--the personal income tax (PIT), the corporation tax (CT), and the sales tax--April 2014 collections were a combined $529 million above the most recent projecti ons for that month.
https://lao.ca.gov/Recommendations/Details/803