The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Property Tax Revenue Projected to Rise. Whereas the minimum guarantee tends to be volatile, property tax revenue typically grows at a steadier pace. Under the growth scenario, property tax revenue grows from $24. 1  b illion in 2018 ‑ 19 t o $28. 5  b illion by 2022 ‑23.
https://lao.ca.gov/Publications/Report/3897

A History of California’s Budget Reserves

Mar 24, 2017 - State revenues, particularly those from the personal income tax (PIT), are volatile . In particular, the PIT tax base includes capital gains (gains on the sale of stocks, bonds, certain homes, and other assets), which vary considerably from year to year.
https://lao.ca.gov/Publications/Report/3630

Revenues and the 2010-11 Budget [Publication Details]

May 10, 2010 - Presented at the Assembly Budget Committee hearing on Budget Options: Tax Structure and Tax Expenditures. May 11, 2010.
https://lao.ca.gov/Publications/Detail/2272

The 2019-20 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Detail/4038

The 2020-21 Budget: Overview of the California Spending Plan (Final Version)

Oct 5, 2020 - First, the federal government approved the state ’s recently reauthorized managed care organization (MCO) tax for the period of January 1, 2020 t hrough June 30, 2023. Revenues from the new MCO tax offset about $1. 7  b illion in General Fund spending in Medi ‑Cal in 2020 ‑21.
https://lao.ca.gov/Publications/Report/4263

The 2016-17 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 15, 2016 - Nevertheless, estimated tax revenues continue to exceed proposed spending in 2016-17, which would facilitate total reserves ending 2016-17 at $4 billion above the level assumed in the state's 2015-16 budget plan.
https://lao.ca.gov/Publications/Detail/3460

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

Cal Facts: 2016

Dec 5, 2016 - About 30  percent of school funding comes from local sources —primarily property taxes. Slightly less than 10  percent of school funding comes from the federal government. This funding supports specific activities —primarily special services for low-income students and students with disabilities.
https://lao.ca.gov/Publications/Report/3511/2

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - Recent budgets have used funding from Proposition  56, which established a higher tax on tobacco products, to increase provider payments in Medi ‑Cal. If the suspensions went into effect, most of these payment increases would cease.
https://lao.ca.gov/Publications/Report/4328

Budget Reserve Proposals [Publication Details]

Feb 27, 2014 - California’s state tax system is highly volatile, and the state has a poor track record of setting aside reserves when times are good to help balance the budget during later economic downturns. Designing a constitutional rainy-day fund mechanism, however, involves many complexities that require detailed consideration by the state’s leaders.
https://lao.ca.gov/Publications/Detail/2959