The 2022-23 Budget: The Governor's Housing Plan

Feb 14, 2022 - State Low Income Housing Tax Credits Background State Low ‑Income Housing Tax Credit Program. The state Low ‑Income Housing Tax Credit Program provides tax credits to builders of rental housing affordable to low ‑income households.
https://lao.ca.gov/Publications/Report/4535

The 2022-23 Budget: The Governor’s Homelessness Plan

Feb 9, 2022 - DSS also determined a few funding set ‑asides, such as 5  percent for tribes and 8  percent for small counties. Matching Funds. Applicants will be required to provide matching funds, with the match rate varying by the type of applicant (for example, a 10  percent match will be required for counties and cities, and a 5  percent match for tribes).
https://lao.ca.gov/Publications/Report/4521

An Initial Look at Effects of the COVID-19 Pandemic on Local Government Fiscal Condition

May 12, 2021 - Significant Reliance on Sales Tax Revenue. Many cities rely on sales tax revenue as a major revenue source for their budget. In the case of the 24 c ities most reliant on sales tax (the top 5 p ercent), sales and use tax collections in 2018 ‑ 19 c onstituted between 31 p ercent and 70 p ercent of total local revenues.
https://lao.ca.gov/Publications/Report/4428

The 2020-21 Budget: Local Agency Employee Organizations, Impasse Procedures II

Mar 4, 2020 - The MMBA establishes collective bargaining between California ’s municipal, county, and local special district employers and their employees. Through the collective bargaining process, employer and employee representatives negotiate wages, hours, and other terms and conditions of employment.
https://lao.ca.gov/Publications/Report/4190

SB 1 Has Doubled Major Source of State Funding for Local Streets and Roads

Jan 24, 2020 - Cities and counties receive equal splits of the shared revenues. City distributions are based on population, whereas county distributions are determined by the number of registered vehicles and miles of maintained county roads.
https://lao.ca.gov/Publications/Report/4142

The 2019-20 Budget: California Spending Plan—Housing and Homelessness

Oct 17, 2019 - This increase in the low-income housing tax credit has no budgetary costs in 2019-20 because the credits will be claimed on future tax returns. New Process for Housing Element Compliance.   The budget package creates a new judicial process by which cities and counties can be fined for failing to comply with housing element law.
https://lao.ca.gov/Publications/Report/4102

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - At the same time, federal tax law typically influences people ’s choices more than state tax law because federal tax rates are higher. This means that at least some of the investment receiving California tax benefits would happen anyway in response to the federal tax benefit.
https://lao.ca.gov/Publications/Report/4038

The 2019-20 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Detail/4038

Housing and Homelessness Funding Impacting Children

Mar 25, 2019 - Earned Income Tax Credit. A state and federal income tax credit for low ‑income working families and individuals, which reduces the tax amount owed by the tax ‑filer and, in some cases, may provide eligible filers with a refundable income amount.
https://lao.ca.gov/Publications/Report/3985

The 2019-20 Budget: Considerations for Governor's Proposals to Address Homelessness

Feb 21, 2019 - Specifically, ( 1)  h ow will the program measure success given the data collection challenges the administration has faced in the pilot, ( 2)  w hich counties will be eligible for additional HDAP funding, ( 3)  w hether the funds will be made available through a competitive process or set allocations, and ( 4)  w hether counties would be required to match state funding.
https://lao.ca.gov/Publications/Report/3942