State Spending Plan for 1996-97 - Chapter 1

This tax cut is in lieu of the Governor's proposal for a phased 15 percent reduction in both personal and corporation income tax rates. The enacted tax cut is projected to reduce revenues by $85 million in 1996-97, growing to $290 million when fully implemented in 1998-99.
https://lao.ca.gov/1996/100796_spend_plan/96spendplan_ch1.html

California's Fiscal Outlook 1996-97 Through 1998-99 Chapter 4

Our economic forecast assumes state tax revenues will grow by about 6  percent in 1997-98 and 1998-99. We estimate per capita income growth of 5.4  percent in 1997-98 and 4.9  percent in 1998-99. We also assume that local property tax revenue will recover from its current low rate of growth, reaching a growth rate of about 3  percent in 1997-98, increasing to 4  percent in 1998-99.
https://lao.ca.gov/1996/112196_fiscal_outlook/outlook96_chapter_4.html

March 1996 California Update

Total receipts during Janaury an d February were up $331 million (1.2 percent) from the new budget forecast, largely reflecting gains in personal income taxes (up $259 million) and sales taxes (up $95 million).
https://lao.ca.gov/1996/cal_update/cup0396.html

^[PDF] update

Total receipts during Janaury and February were up $331 million (1.2 percent) from the new budget forecast, largely reflecting gains in personal income taxes (up $259 mil- lion) and sales taxes (up $95 million).
https://lao.ca.gov/1996/cal_update/cup0396.pdf

California Update, May 1996

Sources of the Gain Most of the gains both during April and for first ten months of 1995-96 are from higher-than-expected personal income tax payments. However, as shown in Figure 1, all three of the major taxes are running ahead of the January forecast.
https://lao.ca.gov/1996/cal_update/cup0596.html

^[PDF] MAY 1996 UPDATE

During this same pe- riod, counties’ three largest general purpose revenue sources—the property tax, the sales tax (including Proposition 172 funds), and the vehicle license fee—increased by a combined total of just 3.2 percent.
https://lao.ca.gov/1996/cal_update/cup0596.pdf

California Update, November 1996

About $164  million of the $466  million increase is due to unusually large estate tax payments. A large portion of these payments will be accrued back to 1995-96, thereby increasing the revenue totals for that year.
https://lao.ca.gov/1996/cal_update/nov_96_calupdate.html

^[PDF] Overview of the 1997-98 May Revision Budget Brief

For the second straight year, the improving California economy has produced major upward revisions to state tax revenues. Along with major
https://lao.ca.gov/1997/051997_may_revision/pb051997_may_revision.pdf

Major Features of the 1997 California Budget

Major Features of 1997-98 Budget Taxes. The budget includes no changes to state tax law. The Legislature rejected the 10 percent phased reduction to corporate tax rates included in the Governor's original budget proposal, as well his July proposal for a phased 10 percent reduction in personal income tax rates.
https://lao.ca.gov/1997/082297_bud_major_features/8_97_major_features_of_the_97_california_budget.html

^[PDF] SUPPLEMENTAL REPORT OF THE 1997 BUDGET ACT 1997-98 FISCAL YEAR

Item 1730-001-0001—Franchise Tax Board 1. Audit Program Report. The Franchise Tax Board shall provide the Legislature a report by November 1, 1997, on its audit program. The report shall, at a minimum, identify by fiscal year since 1992-93 (a) authorized, filled, and vacant auditor positions; (b) the classification of all authorized, filled, and vacant auditor
https://lao.ca.gov/1997/082997_sup_report/1997_Supplemental_Report.pdf