Why Aren't Revenue Esitmates More Accurate? [Publication Details]

Nov 1, 1984 - The Legislature relies heavily on these estimates in deciding at what levels to fund state programs, how much money should be "put aside" in reserves, and whether taxes should be raised or lowered. Consequently, the more accurate revenue estimates are, the more successful the Legislature can be in accomplishing its fiscal objectives--that is, selecting a combination of
https://lao.ca.gov/Publications/Detail/3099

Overview of the May Revision 1993-94 [Publication Details]

May 1, 1993 - A major solution component continues to be a $2.6 billion local property tax shift. We conclude that, as currently structured, this property tax shift proposal is unworkable. It significantly reduces local (especially county) resources without a corresponding change in local responsibilities or a practical way to find replacement revenue in 1993-94.
https://lao.ca.gov/Publications/Detail/176

LAO Recommended Legislation [Publication Details]

Dec 1, 2008 - Recommendations in this report include, among many others: (a) Simplify and Consolidate K-12 General Purpose Funding, (b) Promote the Adoption of Health Information Technology in California, (c) Fund Inmate Education Programs Based on Actual Attendance, and (d) Increase and Index the State Gas Tax.
https://lao.ca.gov/Publications/Detail/1897

Proposed Reserves in the Governor’s May Revision

May 17, 2016 - Since the Governor released his budget proposal in January, the administration has revised its estimate of personal income taxes resulting from capital gains income in 2015 through 2017. This results in lower BSA deposit estimates for 2015-16 and 2016-17.
https://lao.ca.gov/Publications/Report/3463

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

The 2011-12 Budget: Overview of the Governor’s Budget [Publication Details]

Jan 12, 2011 - There is significant work ahead to fill in the details of some of the Governor's ambitious, complex proposals, particularly given his proposed accelerated timeline for budget deliberations and a June special election concerning extensions of tax increases.
https://lao.ca.gov/Publications/Detail/2384

The 2011-12 Budget: Overview of the May Revision [Publication Details]

May 19, 2011 - On the other hand, the Legislature has other options to address the reduced budget shortfall, including adoption of alternative tax proposals, additional program reductions, and selected fund transfers and internal borrowing.
https://lao.ca.gov/Publications/Detail/2482

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - Not least are signs of slowing economic growth and risk from draft federal regulations regarding the types of fees and taxes the state can levy on healthcare providers. Therefore, in addition to reserves, the Legislature may want to consider the role of planned operating surpluses as a preemptive fiscal defense against a recession.
https://lao.ca.gov/Publications/Report/4156

Federal Spending in California

Jan 18, 2017 - In this post, estimates of total federal expenditures by county include: Social Security, Medicare, Medicaid, federal civilian wages, military wages, government contracts, veterans ’ benefits, Supplementary Security Income (SSI), the refundable portion of the Earned Income Tax Credit (EITC), and Supplemental Nutrition Assistance Program (SNAP) benefits.
https://lao.ca.gov/Publications/Report/3531/6

Budgets, Taxes, and Spending: The Promise and The Challenge in California [Publication Details]

Oct 2, 2000 - Budgets, Taxes, and Spending: The Promise and The Challenge in California [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/736