Overview of State EITC Education and Outreach Activities [Publication Details]

Apr 10, 2018 - Overview of State EITC Education and Outreach Activities [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/3802

March 2018 State Tax Collections [EconTax Blog]

Apr 9, 2018 - March 2018 State Tax Collections [EconTax Blog] Seth Kerstein Overall, March is a minor revenue month for the state ’s three main taxes. As shown in the figure below, collections from these taxes exceeded the administration ’s January 2018 projections by $547 million (8 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/272

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - Counting these subventions at the state level reduces room by $1.3  billion in 2016 ‑17, $877  million in 2017 ‑18, and $1.8  billion in 2018 ‑19. Incorporating Recently Released Data Reduces State Room.
https://lao.ca.gov/Publications/Report/3800

The 2018-19 Budget: Governor's Gann Limit Estimates [Publication Details]

Apr 6, 2018 - The 2018-19 Budget: Governor's Gann Limit Estimates [Publication Details] The 2018-19 Budget: Governor's Gann Limit Estimates Format: HTML Description: The State Constitution limits how much the Legislature can spend from tax revenues.
https://lao.ca.gov/Publications/Detail/3800

California Personal Income Grew Faster Than US in 2017 [EconTax Blog]

Apr 5, 2018 - Moreover, the state ’s wage and salary growth last year (5.8 percent) was well above the 15 year average of about 4 percent. The state ’s overall income growth rate (4.5 percent) was held back by very slow growth in transfer payments, but this is an indication of the strength of the state ’s economy: transfer payments consist largely of means-tested benefits such as Medi-Cal and unemployment insurance.
https://lao.ca.gov/LAOEconTax/Article/Detail/271

Proposes vote on California becoming an independent country. [Ballot]

Apr 5, 2018 - Background California Inseparable Part of United States. In 1850, Congress and President Fillmore approved the act admitting California into the United States of America. Section 1 of Article III of the State Constitution provides that California “is an inseparable part of the United States of America. ” This section of the State Constitution also states that the U.S.
https://lao.ca.gov/BallotAnalysis/Initiative/2018-001

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - Prior to the new laws, state statute assigned most of BOE ’s roles, including the largest one —administering the sales and use tax. State statute also gave BOE the authority to hear appeals of state taxes and fees.
https://lao.ca.gov/Publications/Report/3796

Improving California's Forest and Watershed Management

Apr 4, 2018 - The state also conducts oversight during and after the projects. For example, participants must agree to keep land in a “compatible use ” (that is, in a forested state) for at least ten years after work is completed, and the state monitors that this agreement is kept.
https://lao.ca.gov/Publications/Report/3798

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan [Publication Details]

Apr 4, 2018 - All funds that make pension payments will repay the loan over the next decade or so. Authorizing legislation gives the administration some discretion over how funds will repay the loan, but the statute includes a variety of repayment requirements.
https://lao.ca.gov/Publications/Detail/3797

The 2018-19 Budget: Repaying the CalPERS Borrowing Plan

Apr 4, 2018 - Retirement Liabilities State Pensions Funded From Three Sources. The state provides pension benefits to retired state and California State University employees through the CalPERS pension system. CalPERS pensions are funded from three sources: investment gains, employer contributions, and employee contributions.
https://lao.ca.gov/Publications/Report/3797