Infographic: California's State Budget [Publication Details]

Oct 24, 2014 - Since 1950-51, the personal income tax has replaced the sales and use tax as the predominant source of General Fund revenue. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/3149

The 2014-15 Budget: Overview of the May Revision [Publication Details]

May 16, 2014 - In addition, we project over $700 million more in local property taxes for school districts. If the Legislature were to adopt our office's higher revenue forecast and property tax estimates, General Fund spending under Proposition 98 would increase $2.7 billion, relative to the administration's May forecast.
https://lao.ca.gov/Publications/Detail/3017

Budget Reserve Proposals [Publication Details]

Feb 27, 2014 - California’s state tax system is highly volatile, and the state has a poor track record of setting aside reserves when times are good to help balance the budget during later economic downturns. Designing a constitutional rainy-day fund mechanism, however, involves many complexities that require detailed consideration by the state’s leaders.
https://lao.ca.gov/Publications/Detail/2959

The 2013-14 Budget: Overview of the May Revision [Publication Details]

May 17, 2013 - The 2013-14 Budget: Overview of the May Revision [Publication Details] Video Description: In the May Revision, the administration forecasts that weaker tax collections in the coming months will erode the vast majority of the $4.5 billion of unexpected tax revenues collected since January.
https://lao.ca.gov/Publications/Detail/2745

The 2013-14 Budget: California's Fiscal Outlook [Publication Details]

Nov 14, 2012 - The state's economic recovery, prior budget cuts, and the additional, temporary taxes provided by Proposition 30 have combined to bring California to a promising moment: the possible end of a decade of acute state budget challenges.
https://lao.ca.gov/Publications/Detail/2668

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 2012-13 Budget: Economic and Revenue Update [Publication Details]

Feb 27, 2012 - Like the economic data, reports concerning state revenues have been mixed recently too, with weakness in income tax payments accompanied by speculation concerning a future bonanza of tax revenues due to the possible offering of stock by Facebook, Inc.
https://lao.ca.gov/Publications/Detail/2578

Tax Expenditures [Publication Details]

Feb 22, 2012 - Tax Expenditures [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Publications/Detail/2571

The 2012-13 Budget: Overview of the Governor's Budget [Publication Details]

Jan 11, 2012 - The 2012-13 Budget: Overview of the Governor's Budget [Publication Details] Video Description: The Governor’s proposed tax initiative is the cornerstone of his 2012-13 budget plan, which includes proposals to restructure education finance, reduce social services and child care programs substantially, and implement trigger cuts--primarily affecting schools--if voters do not approve the tax measure.
https://lao.ca.gov/Publications/Detail/2552

Current State R&D Tax Credits [Publication Details]

Dec 5, 2011 - Current State R&D Tax Credits [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/2548