LAO Analysis of the 1997-98 Budget BillK-12 Education, Budget Issues

(Our numbers include the impact of the tax cut in order to highlight the forecasting-related differences.) Figure 11
https://lao.ca.gov/analysis_1997/k12_ed_depts1-a_anal97.html

^[PDF] LAO 1997 Budget Analysis: The Governor's Corporate Tax Reduction Proposal Chapter

Comparison of Elements Of the Corporate Tax Structure Corporate Tax Rates California’s Tax Rates Have Generally Declined in Recent Years. Figure 2 provides a history of California’s bank and corporation tax rates The Governor’s Corporate Tax Reduction Proposal 187 Figure 2 History of California Bank and
https://lao.ca.gov/analysis_1997/part5c_corporate_tax_proposal_pi97.pdf

1997-98 Budget Analysis: Property Taxes--Why Some Local Governments Get More Than Others

T he responsibility for allocating the property tax was assigned to the state by Proposition 13 which stated that property taxes were to be allocated "according to law." Assembly Bil l 8 allocated property taxes among the local governments within a county and provided fiscal relief to partially make up for property tax losses resulting from Proposition 13's tax limitation provisions.
https://lao.ca.gov/analysis_1997/part6c_prop_taxes_pi97.html

1997-98 Budget Analysis: The "COPS" Program

As local budgets h ave been strained by the recession and property tax shifts, however, concern has been voiced as to whether local governments are able to fund local public safety adequately. Last y ear, the Legislature created the Citizen's Option For Public Safety (COPS) program to augment city and county "front line" law enforcement expenditures and appropriated $100 millio n (General Fund) for the program.
https://lao.ca.gov/analysis_1997/part6d_cops_pi97.html

1996 Economic Performance in Retrospect

Any such changes could also affect state personal income taxes (through their impact on the annual indexing adjustment), and local property taxes (through their effects on assessed valuation growth under Proposition  13).
https://lao.ca.gov/analysis_1997/part_2_econ_demographics_pi97.html

^[PDF] LAO 1997 Budget Analysis: III Perspectives on State Revenues Chapter

Applicable tax rates and tax credits are then applied to arrive at a final state tax liability. California generally conforms, either in whole or part, to federal tax law regarding many of its tax exemptions, exclusions, deductions, and credits.
https://lao.ca.gov/analysis_1997/part_3_revenues_pi97.pdf

1997-98 Budget Analysis, Perspectives and Issues Part VIa, Expenditures

Property Tax Shifts--An Important Factor . Property tax shifts enacted in 1992-93 and 1993-94 contributed significantly to this decline in education's share of total spending. These shifts replaced a portion of the state's education funding with an equivalent amount of local property tax revenues that were shifted from local governments to schools and community colleges.
https://lao.ca.gov/analysis_1997/part_4a_expenditures_pi97.html

^[PDF] LAO 1997 Budget Analysis: Transportation Chapter

The Wilson administration supports eliminating 70 percent of the federal gas tax. Current state law would automatically raise the state gas tax to offset part of the A - 20 Transportation decrease in federal tax, but total revenue would still be lower.
https://lao.ca.gov/analysis_1997/transportation_anal97.pdf

Press Release--Highlights of the 1998-99 Analysis and P&I;

While the overall picture is bright, we note that budgetary pressures will emerge in the following year, due to continued phase in of tax reductions, and an i ncrease in certain state costs. (P&I, page 15.)
https://lao.ca.gov/analysis_1998/021898_highlights_of_98-99_analysis_and_pandi.html

LAO Analysis of the 1998-99 Budget Bill General Government Crosscutting Issues

Of the remaining 1,900 systems, 650 are mission critica l, meaning that they enable the department to carry out its primary responsibilities such as issuing drivers' licenses, collecting taxes, et cetera.
https://lao.ca.gov/analysis_1998/general_govt_crosscutting_anl98.html