SUPPLEMENTAL REPORT OF THE 1997 BUDGET ACT, Part I

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_Report1.html

California's Fiscal Forecast 1997-98--Chapter 3

Personal Income Tax The personal income tax (PIT) is California's single largest state General Fund revenue source, accounting for 49 percent of total estimated receipts in 1997-98. This tax has marginal tax rates ranging from 1 percent to 9.3 percent, depending on a taxpayer's income level.
https://lao.ca.gov/1997/112097_fiscal_outlook/1997_fiscal_outlook_chapter_3.html

California's Fiscal Forecast 1997-98--Table of Contents

Our fiscal projections reflect current-law spending requirements and tax provisions. They are not predictions of future policy decisions by the Legislature, nor are they our recommendations as to what spending and revenue levels should be.
https://lao.ca.gov/1997/112097_fiscal_outlook/1997_fiscal_outlook_foreword_toc.html

California Update April 1997

As indicated in Figure 1, the state is expected to collect nearly $6.3 billion this month, inc luding $2.4 billion from payments on final income tax returns for 1996. April is also a critical revenue month because it is a quarterly estimated payment month for personal and corporate income tax filers.
https://lao.ca.gov/1997/cal_update/apr_97_calupdate.html

^[PDF] UPDATE APRIL 1997

In- creases in construction, if sustained, would have particularly positive implications for sales tax receipts associated with building materials, home furnishings, and sales of other building- related items.
https://lao.ca.gov/1997/cal_update/apr_97_calupdate.pdf

California Update, January 1997

Decem ber receipts reflected growth in personal income taxes and sales and use taxes consistent with the economy's continued moderate economic expansion. Bank and corporation tax recei pts, however, fell below the December 1995 level, raising some questions regarding the underlying strength in California taxable corporate profits.
https://lao.ca.gov/1997/cal_update/jan_97_calupdate.html

^[PDF] UPDATE JANU ANU ANUAR AR ARY 1997

Cal Update 5 taxes. This is important because it allows the CEA to accumulate reserves more quickly than a private insurance company.) There are five layers of contingency funding, including assessments on insurers and policy- holders and forms of reinsurance.
https://lao.ca.gov/1997/cal_update/jan_97_calupdate.pdf

May 1997 Cal Update

In addition, there were moderate gains in sales and use taxes and in corporate income taxes. Combined with the cumulative gain in revenues of $305  million relative to the budget estimate that was experienced through March, the April gain for the major taxes brought cumulative 1996-97 revenues to about $825  million above the January budget estimate.
https://lao.ca.gov/1997/cal_update/may_97_calupdate.html

October 1997 California Update

Districts receiving the largest amounts of local revenue are usually higher property wealth areas that receive "excess " local property tax revenue. These are property tax revenues above the district's revenue limit.
https://lao.ca.gov/1997/cal_update/oct_97_cal_update.html

Budget Overview

The budget does not contain any new tax-related proposals, but the revenue forecast does incorporate the effects of the state's 1997 tax relief package, including an increased pe rsonal income tax dependent exemption credit.
https://lao.ca.gov/1998/011598_bud_overview/budget_overview_198.html