The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Trailer legislation (Chapter  24) does not specify how funds will be allocated across these three purposes or across counties. Participation in the program is optional at the county level. Makes Changes to Eligibility Criteria and Family Reporting Requirements.
https://lao.ca.gov/Publications/Report/3694/4

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

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 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Cash Management A Sizeable Cash Cushion Allows the State to Withstand the Delay in the Tax Filing Date … The state ’s sizeable reserve balances have contributed to a strong cash position in recent years.
https://lao.ca.gov/Publications/Report/4228

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 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

Fiscal Outlook: Developmental Services

Nov 15, 2017 - Sonoma DC in Sonoma County is scheduled to close at the end of 2018, while Fairview DC in Orange County and the general treatment area (GTA) of Porterville DC in Tulare County are scheduled to close at the end of 2021.
https://lao.ca.gov/Publications/Report/3717

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 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 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - Managed Care Organization (MCO) Tax Approved. After enacting the 2019 ‑ 20 b udget in June, the Legislature reauthorized the MCO tax in September. The MCO tax generates General Fund benefit by taxing enrollment in MCOs and using that revenue to offset General Fund costs in Medi ‑Cal.
https://lao.ca.gov/Publications/Report/4150