Fiscal Outlook: Medi-Cal

Nov 15, 2017 - Expiration of Managed Care Organization (MCO) Tax Current MCO Tax. The current MCO tax is assessed on a large number of managed care plans in the state. Revenues from the MCO tax, which leverage federal funding for Medi-Cal, provide a substantial General Fund offset —an estimated $1.8  billion in 2017-18.
https://lao.ca.gov/Publications/Report/3715

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - Under our estimates, recent gains in revenues —particularly from taxes on higher income earners —would persist and continue to grow close to the historical average rate. (For more discussion of our assumptions, please see: The 2021‑22 Budget: May Revenue Outlook .)
https://lao.ca.gov/Publications/Report/4437

The 2018-19 May Revision: LAO Multiyear State Budget Outlook

May 17, 2018 - LAO Estimates Assume No Reduction in Sales Tax Rates. 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 automatically would decline by one-quarter cent for one calendar year, equal to around $1.7  billion, reducing the SFEU by the same amount.
https://lao.ca.gov/Publications/Report/3843

The 2016-17 Budget: Initial Comments on the Governor’s May Revision

May 15, 2016 - In addition, the MCO tax package prefunds retiree health benefits on a one-time basis and includes ongoing tax relief for certain MCO-related taxpayers. In 2016-17, spending associated with these commitments (including the tax relief) totals about $1 billion.
https://lao.ca.gov/Publications/Report/3460

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - As a result of the ongoing pandemic, most county human services offices have been affected by public health closures since March. We have talked to several of these offices throughout the state, and we understand that they have made extraordinary effo rts to ensure CalWORKs remains accessible even during public health lockdowns.
https://lao.ca.gov/Publications/Report/4306

The Property Tax Postponement Program [Publication Details]

Mar 6, 2019 - The Property Tax Postponement Program [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/3967

Fiscal Outlook Supplement on Proposition 2: True Up Calculations

Dec 3, 2015 - Figure 1 Proposition 2 "True Up " Calculation for 2015-16 ( In Millions) Total taxes from capital gains $13,940 Amount equal to 8 percent of all General Fund taxes -9,610 Subtotals, Capital Gains Taxes Over 8 Percent Threshold ($4,331)
https://lao.ca.gov/Publications/Report/3314

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The state ’s “Big Three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are assumed to increase at a slightly higher rate (4.2  percent). The difference between these growth rates is attributable to a decline in other revenues.
https://lao.ca.gov/Publications/Report/3487

The 2015-16 Budget: Major Features of the Adopted Plan (Overview of Adopted Plan)

Jun 19, 2015 - The state ’s “big three ” General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are estimated to increase at a slightly higher rate (4  percent). General Fund revenue growth was much higher in 2014‑15, increasing at a very healthy 7.7  percent rate.
https://lao.ca.gov/Publications/Report/3279

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - With respect to these formulas, we assume: Sales Tax Reductions Are Not Triggered. California has two statutes that trigger reductions in the state ’s sales tax rate if balances in discretionary reserves reach a certain threshold.
https://lao.ca.gov/Publications/Report/3896