Legislative Analyst's Office: California Economy & Taxes Blog

Cannabis Tax Revenue Update (2025 Q1) For cannabis excise tax returns filed for the first quarter of 2025, the total amount of tax due is $141 million. With this latest data, we currently project cannabis tax revenues of $594 million in 2024-25 and $732 million in 2025-26.
https://lao.ca.gov/laoapp/rss/LAORSSFeedNew.aspx?laofeed=25

Revisiting the Unemployment Insurance Trust Fund Insolvency [Publication Details]

Sep 30, 2016 - In this series of four online posts, we (1) examine the current condition of the UI trust fund and how it may change in the near future, (2) provide context on who pays UI taxes and how much they pay, (3) assess the extent to which the UI trust fund is prepared for the next economic downturn, and (4) look at potential steps the Legislature could take should it wish to increase reserves in the trust fund as a means to address the fiscal impacts of the next economic downturn.
https://lao.ca.gov/Publications/Detail/3503

Basic aid districts

May 16, 2011 - Local property taxes and fees are retained by the distric ts that collect this funding. The General Fund provides the additional funding needed to meet each district ’s apportionment target. In a few districts, however, local property tax and fee revenues alone exceed the districts ’ annual apportionment obligation.
https://lao.ca.gov/Recommendations/Details/412

^[PDF] None GENERAL PROGRAM STATEMENT The State Constitution grants a

None GENERAL PROGRAM STATEMENT The State Constitution grants a $7,000 property tax exemption on the full value of an owner-occupied dwelling, and requires the state to reimburse local governments for the resulting tax. loss.
https://lao.ca.gov/analysis/1988/13_tax_relief_1988.pdf

^[PDF] Taxing Commercial Property

Property taxes are collected at the county level and distributed to local governments—cities, counties, schools, community colleges, and special districts. Though property tax revenue does not leave the county in which it is collected, revenue that is allocated to schools and community colleges generally offsets state General Fund spending for K-14 programs.  Annual 1 Percent Tax.
https://lao.ca.gov/handouts/state_admin/2013/Taxing-Commercial-Property-040813.pdf

^[PDF] Background on the California Earned Income Tax Credit

Background on the California Earned Income Tax Credit Senate Budget and Fiscal Review Committee Subcommittee 4 on State Administration and General Government Hon. Maria Elena Durazo, Chair P R E S E N T E D T O : L E G I S L A T I V E A N A L Y S T ’ S O F F I C E Background on the California Earned Income Tax Credit A P R I L 1 1 , 2 0 1 9 L E G I S L AT I V E A
https://lao.ca.gov/handouts/state_admin/2019/CA-EITC-041119.pdf

^[PDF] Major Financial Legislation Enacted in 1987

Federal Tax Conformity Chapter 1138 - Assembly Bill 53 (Klehs) This measure substantially conforms California's Personal Income Tax (PIT) law to the new federal income tax law (the federal Tax Reform Act of 1986).
https://lao.ca.gov/reports/1987/11_87_major_financial_legislation_enacted_in_1987.pdf

California's Economy and Taxes

The governor 's executive order delays tax payments for 218,000 properties until April 2026. By themselves, we expect these delays will have minimal long-term fiscal impacts. The 2024-25 Budget: Property Tax Postponement Program February 29, 2024 The Governor proposes to  use  $7.5 million General Fund on a one-time basis to support the Property Tax Postponement (PTP) program.
https://lao.ca.gov/LAOEconTax?tagId=33

2009 Initiative Analysis: The Responsible California State Budget Reform Act

In addition, a reduction in the number of votes required to pass tax increases could make it easier to approve tax increases related to the budget. If the measure resulted in such tax increases, then the state would have greater tax revenues in some years.
https://lao.ca.gov/ballot/2009/090427.aspx

^[PDF] The 2015-16 Budget: Cigarette Tax and Licensing Programs

Recommendations Use Excise Tax Revenue to Fund Tax Administration, Not Licensing Costs As described above, using cigarette and tobacco excise tax revenue to pay for excise tax administration is reasonable and is authorized under Propositions 99 and 10.
https://lao.ca.gov/reports/2015/budget/tobacco/cigarette-tax-licensing-042215.pdf