Analysis of the 1991-92 Tax Expenditure Budget [Publication Details]

May 1, 1991 - Analysis of the 1991-92 Tax Expenditure Budget [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/2121

California's Fiscal Outlook: LAO Projections 2000-01 Through 2005-06 [Publication Details]

Nov 15, 2000 - In 2001-02, assuming current-law spending and tax policies, we forecast that revenues would exceed expenditures by $3.4 billion, bringing the cumulative reserve to $10.3 billion. We suggest that the $6.9 billion reserve carried into the budget year from 2000-01 be used primarily for one-time purposes; the $3.4 billion annual operating surplus would be available for ongoing purposes.
https://lao.ca.gov/Publications/Detail/739

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

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Increase Covered About Evenly From Higher State General Fund and Local Property Tax Revenue. Of total Proposition  98 funding in 2016 –17 , $51.1  billion is state General Fund and $20.8  billion is local property tax revenue.
https://lao.ca.gov/Publications/Report/3487/3

Fiscal Outlook Supplement on Proposition 2

Nov 16, 2016 - Under Proposition 2, the state must deposit money into the BSA until its total reaches a maximum amount of 10 percent of General Fund taxes. In our outlook, this ceiling increases from about $12.3 billion in 2016-17 to a projected $14.7 billion in 2020-21 under the growth scenario.
https://lao.ca.gov/Publications/Report/3508

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The above augmentations are partially offset by a $34  million reduction in General Fund support for trial court operations in 2016 –17 in order to reflect the availability of property tax revenue in accordance with Control Section 15.45 and Section 2578 of the Education Code.
https://lao.ca.gov/Publications/Report/3487/10

State Spending Plan for 1992-93: The 1992 Budget Act and Related Legislation [Publication Details]

Nov 1, 1992 - Last year, the Legislature resolved a 1991-92 budget funding gap of $14.3 billion through the enactment of $7.2 billion of tax increases, $3.4 billion of spending reductions, and $3.7 billion in other actions.
https://lao.ca.gov/Publications/Detail/1177

Focus Budget 1993: Highlighting Major Features of the 1993 California Budget [Publication Details]

Jul 1, 1993 - A major feature of the budget package is the adoption of the Governor’s proposal to shift $2.6 billion of property tax revenues from local governments to schools. This shift reduces the state’s education funding requirement under Proposition 98 by an equivalent amount.
https://lao.ca.gov/Publications/Detail/337

Managing California’s Cash

Sep 3, 2019 - As a state government, California has the power to levy taxes and cannot declare bankruptcy. These factors make the state a reliable borrower. Nonetheless, the state cannot access a credit market that is either unwilling or unable to lend to it.
https://lao.ca.gov/Publications/Report/4092

The 2017-18 Budget: Alternatives to the Governor’s Proposition 2 Proposals

Feb 23, 2017 - In our January 2017 Overview of the Governor’s Budget , we noted that the administration’s estimate of 2017‑18 revenues associated with the personal income tax seemed too low. In particular, the administration’s estimates of revenues from capital gains in 2017‑18 seem inconsistent with their own economic forecasts.
https://lao.ca.gov/Publications/Report/3574