The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The state historically has set the RMR such that families in every county can use their voucher to access a certain percentage of child care providers in their areas. In 2015 –16 , providers were reimbursed at the greater of (1)  104.5  percent of the 85th percentile of the 2009 survey deficited by 10.11  percent or (2)  104.5  percent of the 85th  percentile of the 2005 survey.
https://lao.ca.gov/Publications/Report/3487/4

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Restores IHSS Hours From 7  Percent Reduction With General Fund Tied to MCO Tax. The spending plan includes $266   million General Fund to restore the service hours associated with the IHSS 7   percent reduction in service hours with General Fund for as long as the recently passed MCO tax is in place.
https://lao.ca.gov/Publications/Report/3487/7

LAO Multiyear State Budget Outlook

May 20, 2016 - For example, we assume the temporary taxes passed by voters in Proposition 30 expire, consistent with current law. Similarly, we  assume the tax on managed care organizations passed earlier this year expires at the end of 2018-19.
https://lao.ca.gov/Publications/Report/3472

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 2016-17 Budget: Initial Comments on the Governor’s May Revision

May 15, 2016 - In addition, the MCO tax package prefunds retiree health benefits on a one-time basis and includes ongoing tax relief for certain MCO-related taxpayers. In 2016-17, spending associated with these commitments (including the tax relief) totals about $1 billion.
https://lao.ca.gov/Publications/Report/3460

The 2016-17 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 15, 2016 - Nevertheless, estimated tax revenues continue to exceed proposed spending in 2016-17, which would facilitate total reserves ending 2016-17 at $4 billion above the level assumed in the state's 2015-16 budget plan.
https://lao.ca.gov/Publications/Detail/3460

The 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - California has two statutes that trigger reductions in the state ’s sales tax rate if balances in the SFEU reach a certain threshold. Under either statute, the state ’s sales tax rate would automatically decline by one –quarter cent for one calendar year, equal to around $1.5  billion.
https://lao.ca.gov/Publications/Report/3348

The 2016-17 Budget: Overview of the Governor's Budget

Jan 11, 2016 - LAO Comments Administration ’s Estimate of Local Property Tax Revenue Too Low. The administration estimates that local property tax revenue counting toward Proposition  98 will be $19.2  billion in 2015 –16 and $20.6  billion in 2016 –17 .
https://lao.ca.gov/Publications/Report/3324

The 2016-17 Budget: Overview of the Governor's Budget [Publication Details]

Jan 11, 2016 - This publication is our office’s initial response to the 2016-17 Governor’s Budget proposal. Estimates of state personal income taxes and required school funding are up significantly. In allocating discretionary resources in the 2016-17 budget, the Governor prioritizes growing state budget reserves.
https://lao.ca.gov/Publications/Detail/3324

Fiscal Outlook Supplement on Proposition 2: True Up Calculations

Dec 3, 2015 - Figure 1 Proposition 2 "True Up " Calculation for 2015-16 ( In Millions) Total taxes from capital gains $13,940 Amount equal to 8 percent of all General Fund taxes -9,610 Subtotals, Capital Gains Taxes Over 8 Percent Threshold ($4,331)
https://lao.ca.gov/Publications/Report/3314