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

California Update: Per Pupil Funding Under Proposition 98: What Do the Coming Years Hold? [Publication Details]

Oct 1, 1993 - California Update: Per Pupil Funding Under Proposition 98: What Do the Coming Years Hold? [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/48

Why Have Sales Taxes Grown Slower Than the Economy? [Publication Details]

Aug 5, 2013 - Historically, consumers have spent about the same share of their income each year on taxable items, meaning that sales taxes generally kept pace with growth in the state's economy. Starting in 1980, however, California consumers began to spend a growing share of their income each year on nontaxable items, especially services, and a declining share of their income on taxable goods.
https://lao.ca.gov/Publications/Detail/2800

California’s Fiscal Outlook: The 2011-12 Budget [Publication Details]

Nov 10, 2010 - Similar to our forecast of one year ago, we project annual budget problems of about $20 billion each year through 2015‑16. We continue to recommend that the Legislature initiate a multiyear approach to solving California’s recurring structural budget deficit.
https://lao.ca.gov/Publications/Detail/2365

Addressing the State's Fiscal Problem [Publication Details]

Dec 19, 2001 - Due to weak economic and revenue performance, California faces a $12.4 billion budget shortfall in 2002-03. We identify several key budget-balancing principles and strategies and identify specific spending and revenue options for implementing these strategies.
https://lao.ca.gov/Publications/Detail/815

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - In recent years, various audits, evaluations, hearings, and other inquiries have indicated a variety of problems with BOE ’s operations, including actions that were not consistent with legislative directives.
https://lao.ca.gov/Publications/Report/3796

Perspectives on the Economy 1994-95 [Publication Details]

Feb 23, 1994 - Much of the blame for the state's continuing budget shortfalls over the past three years can be placed on the dismal performance of the California economy. The substantial population increases of recent years have maintained constant upward pressure on demands for state services.
https://lao.ca.gov/Publications/Detail/206

Perspectives on State Revenues 2002-03 [Publication Details]

Feb 20, 2002 - The state is facing a major budget shortfall caused largely by an unprecedented decline in tax receipts. Specifically, General Fund revenues are projected to fall by over 14 percent in 2001-02, just two years after the state experienced a more than 23 percent increase. In addition, basic revenue volatility has increased in recent years, giving the revenue forecast greater uncertainty.
https://lao.ca.gov/Publications/Detail/832

Perspectives on State Revenues 2004-05 [Publication Details]

Feb 18, 2004 - 2003-04 Forecast: We forecast that General Fund revenues and transfers will total $74.1 billion in the current year, a $2.8 billion (3.9 percent) increase from 2002-03. This is down $491 million from the budget forecast, of which $477 million is related to our lower estimate of personal income tax (PIT) revenues. 2004-05 Forecast: We forecast that revenues and transfers will total $75.
https://lao.ca.gov/Publications/Detail/1089

State Fiscal Picture 2007-08 [Publication Details]

Feb 21, 2007 - Adoption of the plan would also leave the state with large operating shortfalls in future years, unless additional corrective actions are taken. Thus, the Legislature will face major challenges in crafting a budget for the coming year.
https://lao.ca.gov/Publications/Detail/1559