Revised Seismic Safety Commission funding proposal

May 23, 2012 - Such a tax would not be permissible because Article XIII , Section 28(f), of the Constitution states that with limited exceptions the state’s insurance tax (one of the General Fund's major revenue sources) shall be in lieu of all other state and local taxes on insurers.
https://lao.ca.gov/Recommendations/Details/576

Background information on LAO's May 2012 economic and revenue forecasts

May 18, 2012 - One key assumption is that Congress and the President will agree, in effect, to extend the “Bush tax cuts,” payroll tax cuts, and certain current-law deadlines related to budget sequestration cuts for federal domestic and defense programs.
https://lao.ca.gov/Recommendations/Details/599

The 2012-13 Budget: Overview of the May Revision [Publication Details]

May 18, 2012 - While we find that the administration's economic and revenue forecasts are reasonable, we are concerned that the amount of property tax revenues from former redevelopment agencies (RDAs) may be substantially less than the May Revision assumes in 2011-12 and 2012-13.
https://lao.ca.gov/Publications/Detail/2635

LAO commentary on Facebook IPO and state revenue forecasts

May 15, 2012 - We believe our forecasts are consistent with the small expected statewide increase in these tax bases. In addition, the Facebook IPO apparently will generate significant tax deductions for the company, which will effectively reduce federal tax revenues and tax revenues in various states below what they otherwise would be.
https://lao.ca.gov/Recommendations/Details/596

Income taxes reportedly over $2 billion below administration's estimate for April

May 1, 2012 - Income taxes reportedly over $2 billion below administration's estimate for April Income taxes reportedly over $2 billion below administration's estimate for April Program: This is an update on 2011-12 year-to-date state personal income tax and corporation tax collections.
https://lao.ca.gov/Recommendations/Details/592

Restructuring of Second-Level Appeals

May 1, 2012 - Further Detail Background The CUIAB is an independent administrative judicial agency that provides due process for workers and employers who wish to appeal determinations made by the Employment Developmen t Department (EDD) on unemployment insurance (UI) and disability insurance benefits and payroll taxes, as well as state personal income tax withholdings.
https://lao.ca.gov/Recommendations/Details/591

Proposition 29: Imposes Additional Tax on Cigarettes for Cancer Research [Publication Details]

May 1, 2012 - Proposition 29: Imposes Additional Tax on Cigarettes for Cancer Research [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/2625

Cash management options for charter schools

Apr 26, 2012 - If the authorizer does not provide cash, charter schools typically borrow from the private sector, using loans that are not tax-exempt. Because charters schools do not ha ve access to tax-exempt loans from the private sector and typically are at higher risk of defaulting, they pay much higher interest rates than school districts to secure short-term loans.
https://lao.ca.gov/Recommendations/Details/589

California revenues on track to be over $2 billion under administration target for April

Apr 25, 2012 - April is a key month for the state ’s personal income tax (PIT) and corporation tax (CT) collections. April collections of these taxes by the Franchise Tax Board (FTB) and the Employment Development Department (EDD) are nearing their conclusion.
https://lao.ca.gov/Recommendations/Details/588

California's Property Tax [Publication Details]

Apr 11, 2012 - California's Property Tax [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/2611