Taxation of Sugary Drinks

Nov 26, 2018 - This information already appears on federally mandated nutrition labels, so a sugar ‑based or tiered tax likely would be feasible at the state level. Local governments have less tax administration capacity than the state, so their ability to administer such a tax is less clear.
https://lao.ca.gov/Publications/Report/3903

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - The law stated the Legislature’s intent to regulate the imposition and collection of such taxes to the exclusion of local action. As such, the Legislature may face the following decisions: (1) Should the state levy an excise tax on sugary drinks?
https://lao.ca.gov/Publications/Detail/3903

October 2018 Jobs Report [EconTax Blog]

Nov 20, 2018 - Overall employment in the state has grown 1.8 percent over the past 12 months, very close to the nation’s 1.7 percent growth rate.  
https://lao.ca.gov/LAOEconTax/Article/Detail/327

Cannabis Tax Revenue Update [EconTax Blog]

Nov 15, 2018 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. June Budget Assumptions. The June 2018 budget package assumed that 2017-18 revenue would be $185 million and that 2018-19 revenue would be $630 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/326

How CalFire is Spending Recent Forest Health Funds

Nov 15, 2018 - Because it represents the state ’s most significant expenditure towards improving forest conditions, throughout the rest of this web post we provide additional detail on CalFire ’s Forest Health Program spending.
https://lao.ca.gov/Publications/Report/3902

Fiscal Outlook: Key Economic Assumptions [EconTax Blog]

Nov 14, 2018 - (The outlook also discusses how state revenues would perform in a hypothetical moderate recession scenario.) The figure below compares our November 2018 near-term economic assumptions to those reflected in the June 2018 state budget package.
https://lao.ca.gov/LAOEconTax/Article/Detail/317

Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 14, 2018 - Wayfair allows states to collect SUT from certain out-of-state businesses. The administration plans to start registering out-of-state taxpayers soon. We assume that the administration ’s implementation of Wayfair increases SUT revenue starting in 2019-20, with additional General Fund revenue in the low hundreds of millions initially.
https://lao.ca.gov/LAOEconTax/Article/Detail/318

Fiscal Outlook: Property Tax Estimates Exceed Budget Expectations [EconTax Blog]

Nov 14, 2018 - Property Taxes and the State Budget. Although the state receives no revenue from local property taxes, these taxes affect the state budget. State funding requirements for schools are met through a combination of property taxes received by schools and state General Fund dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/320

Fiscal Outlook: Estimating Home Prices [EconTax Blog]

Nov 14, 2018 - Home prices have a significant effect on state and local budgets. Home price growth is an important driver of growth in local property tax collections. Prices also can affect revenues from major state taxes, particularly the personal income tax and sales tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/322

Fiscal Outlook: Estimating New Construction [EconTax Blog]

Nov 14, 2018 - Our forecast of permitted construction in California is an aggregation of permit forecasts for each of the state ’s counties. Our method of forecasting the value of permits issued in each county has two main components: Economic Model.
https://lao.ca.gov/LAOEconTax/Article/Detail/323