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

Property Tax Reductions to Diminish as Housing Market Improves [Publication Details]

May 5, 2014 - In total, temporary property tax reductions lowered local government property tax revenues by an estimated $7 billion in 2013-14, amounting to 15 percent of total property tax revenues statewide. However, real estate markets have recovered significantly over the past two years, and property tax payments for many of these property owners increased by as much as 20 percent in 2013-14.
https://lao.ca.gov/Publications/Detail/3010

Film and Television Production: Overview of Motion Picture Industry and State Tax Credits [Publication Details]

Apr 30, 2014 - Film and Television Production: Overview of Motion Picture Industry and State Tax Credits [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/3007

Fewer tax refunds than projected in March. 13-14 revenues still above Governor's forecast.

Apr 16, 2014 - Sales Taxes Slightly Below Forecast for March. As of the end of February, sales taxes were $127 million below DOF ’s projections for 2013-14. Preliminary March data shows that sales taxes were just slightly below the DOF estimate for the month, bringing the 2013-14 year-to-date total for these taxes to $139 million below forecast.
https://lao.ca.gov/Recommendations/Details/802

April 2014 collections are projected to fall from last year's lofty totals.

Apr 14, 2014 - Through the end of March 2014, the state 's "Big Three " General Fund revenues (PIT, corporate income taxes, and sales taxes) were running about $1.2 billion above administration projections for the 2013-14 fiscal year to date.
https://lao.ca.gov/Recommendations/Details/804

A Look at Voter-Approval Requirements for Local Taxes [Publication Details]

Mar 20, 2014 - A Look at Voter-Approval Requirements for Local Taxes [Publication Details] Video Description: For about 100 years, California’s local governments generally could raise taxes without directly securing their residents’ consent.
https://lao.ca.gov/Publications/Detail/2978