Fiscal Outlook: Examining Property Tax Growth Rates [EconTax Blog]

Nov 16, 2016 - The figure below shows this relationship for 24 large counties since 1994. (For the purpose of illustration, this figure shows only observations with positive home price growth.) In general, when home prices increase, assessed values rise.
https://lao.ca.gov/LAOEconTax/Article/Detail/215

The 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - Under our current projections, assuming no changes in existing state and federal policies, we estimate the state will end the 2017-18 fiscal year with $11.5 billion in total reserves. This includes $8.7 billion in required reserves, which must be deposited into the rainy day fund, and $2.8 billion in discretionary reserves, which the Legislature can appropriate for any purpose.
https://lao.ca.gov/Publications/Report/3507/1

Fiscal Outlook Supplement on Proposition 2

Nov 16, 2016 - Under Proposition 2, the state must deposit money into the BSA until its total reaches a maximum amount of 10 percent of General Fund taxes. In our outlook, this ceiling increases from about $12.3 billion in 2016-17 to a projected $14.7 billion in 2020-21 under the growth scenario.
https://lao.ca.gov/Publications/Report/3508

The 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - This increase in county contributions to IHSS costs could decrease our projected state share of cost for the IHSS program by hundreds of millions of dollars annually in the out–years. Restoration of the IHSS Service Hours Previously Reduced by 7  Percent Tied to MCO Tax Existence.
https://lao.ca.gov/Publications/Report/3507

The 2017-18 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2016 - This means, under our assumptions, the state could weather a mild recession without cutting spending or raising taxes. However, this conclusion assumes that the state does not make any changes to its current policies and programs in any year during the outlook.
https://lao.ca.gov/Publications/Detail/3507

Los Angeles' Bid for the 2024 Olympics and Paralympics

Nov 10, 2016 - To offset Games –related operating costs, the city approved a 6  percent Olympic ticket tax (generating $8.7  million) and a 0.5  percent hotel tax surcharge (generating $9  million), which went into effect in 1978.
https://lao.ca.gov/Publications/Report/3506

Housing and Economic Mobility [EconTax Blog]

Oct 10, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/212

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Such funds are remitted to the state by counties that collect more property tax than state law allows them to spend on education. Improvement and Modernization Fund (IMF). In recent years, the judicial branch ’s IMF experienced persistent operational shortfalls that steadily depleted the fund balance.
https://lao.ca.gov/Publications/Report/3487/10

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The General Fund is the state 's main operating account where most state tax revenues are deposited. You can think of it as being similar to a general purpose checking account that a household uses to pay its bills.
https://lao.ca.gov/Publications/Report/3487/12

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Reflects MCO Tax Funding That Resulted From Special Session. Chapter  2 of the 2015 –16 Second Extraordinary Session (SB2X  2, Hernandez), imposes a revised MCO tax on most managed care plans. Revenues from the MCO tax are used, in part, to create General Fund savings in Medi –Cal .
https://lao.ca.gov/Publications/Report/3487/6