Taxation of Sugary Drinks

Nov 26, 2018 - Tax Likely Would Increase Funding Requirement for Schools. Proposition  98, approved by voters in 1988 and modified in 1990, establishes a minimum funding level for schools and community colleges. This minimum guarantee depends, in part, on General Fund tax revenues.
https://lao.ca.gov/Publications/Report/3903

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - Taxation of Sugary Drinks [Publication Details] HTML Description: Taxes on sugary drinks have become increasingly common in recent years. In June 2018, the Legislature passed a law (Chapter 61 of 2018 [AB 1838, Committee on Budget]) prohibiting local governments from levying such taxes (and other taxes on groceries) through 2030.
https://lao.ca.gov/Publications/Detail/3903

Cannabis Tax Revenue Update [EconTax Blog]

Nov 15, 2018 - If revenue continued to grow at this rate through the end of the fiscal year, the 2018-19 total would be roughly $410 million. In a more modest growth scenario —five percent per quarter —2018-19 revenue would be $280 million.  
https://lao.ca.gov/LAOEconTax/Article/Detail/326

How CalFire is Spending Recent Forest Health Funds

Nov 15, 2018 - In conversations with CalFire, the department indicated that the latter two criteria were particularly important in their grant decision-making process given the relatively short time period available for funds to be encumbered (two years) and expended (two additional years).
https://lao.ca.gov/Publications/Report/3902

Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 14, 2018 - As shown below, our estimates of revenues are $5.3 billion higher than budget assumptions across the two years. Our largest difference is in personal income tax (PIT) revenues, which are $4.8 billion higher over the period.
https://lao.ca.gov/LAOEconTax/Article/Detail/318

Fiscal Outlook: Property Tax Estimates Exceed Budget Expectations [EconTax Blog]

Nov 14, 2018 - Our November 2018 Fiscal Outlook projects school property taxes will be higher than assumed in the 2018-19 Budget Act . We estimate that across the three-year budget window (2017-18 to 2019-20) school property taxes will be up $1.2 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/320

Fiscal Outlook: Estimating Home Prices [EconTax Blog]

Nov 14, 2018 - Home prices grew at an 8 percent annual rate (current month compared to the same month a year prior) throughout 2017 and the first few months of 2018. Beginning in the spring of 2018, however, there has been less rapid growth in prices.
https://lao.ca.gov/LAOEconTax/Article/Detail/322

Fiscal Outlook: Estimating New Construction [EconTax Blog]

Nov 14, 2018 - In addition, the consensus among economists is that lending will tighten over the next few years. All of these factors suggest that growth in construction will slow. Trend Model. The second component of our forecast examines trends in permit activity for each county.
https://lao.ca.gov/LAOEconTax/Article/Detail/323

Fiscal Outlook: Estimating Wages and Salaries [EconTax Blog]

Nov 14, 2018 - We project total wage and salary growth will be highest (around 7 percent per year) for workers employed in the technology sector and lowest for workers in print media and telecommunications. The figure also shows what share of total growth in wages and salaries is expected to come from increases in average wages versus increases in the number of jobs.
https://lao.ca.gov/LAOEconTax/Article/Detail/321

Fiscal Outlook: Estimating Capital Gains Revenue [EconTax Blog]

Nov 14, 2018 - For each year, we estimate the gain a typical sale is expected to make based on movements in the S &P 500. Because these gains depend on how long the asset has been held, we make separate estimate for assets with different holding period (1-2 years, 2-3 years, etc.).
https://lao.ca.gov/LAOEconTax/Article/Detail/319