LAO Publications

Estimates of state personal income taxes and required school funding are up significantly. In allocating discretionary resources in the 2016-17 budget, the Governor prio ritizes growing state budget reserves.
https://lao.ca.gov/Publications?page=35&year=0&publicationType=0

LAO Publications

The plan also creates a new state earned income tax credit to increase the after-tax income of low-income workers. Format:
https://lao.ca.gov/Publications?page=36&year=0&publicationType=0

LAO Publications

In this report, we describe the impact of Proposition 47 on state corrections, state courts, and the county criminal justice system, as well as the Governor’s budget proposals related to the proposition.
https://lao.ca.gov/Publications?page=44&year=0&publicationType=0

LAO Publications

Whether tax revenues grow further, stagnate, or, in the worst case, decline in 2015-16 will depend in large part on trends in volatil e capital gains and business income. Format:
https://lao.ca.gov/Publications?page=45&year=0&publicationType=0

LAO Publications

In addition, we project over $700 million more in local property taxes for school districts. If the Legislature were to adopt our offi ce's higher revenue forecast and property tax estimates, General Fund spending under Proposition 98 would increase $2.7 billion, relative to the administration's May forecast.
https://lao.ca.gov/Publications?page=48&year=0&publicationType=0

LAO Publications

T his report does not make recommendations regarding the tax credit or any proposed legislation. We highlight several factors for the Legislature to consider when reviewing the tax c redit in our report.
https://lao.ca.gov/Publications?page=49&year=0&publicationType=0

LAO Publications

This visual guide explains California's tax system using over 40 data visualizations. The report examines various characteristics of the tax system including what items are taxed, who pays the taxes, and how taxes are used.
https://lao.ca.gov/Publications?page=5&year=0&publicationType=0

LAO Publications

In particular, we (1) describe how the current property tax system weakens the incentive counties have to fund property tax administration, (2) rev iew and evaluate the administration's three-year pilot program to improve county incentives, and (3) provide recommendations regarding the pilot's design.
https://lao.ca.gov/Publications?page=51&year=0&publicationType=0

LAO Publications

California’s state tax system is highly volatile, and the state has a poor track record of setting as ide reserves when times are good to help balance the budget during later economic downturns. Designing a constitutional rainy-day fund mechanism, however, involves many complexitie s that require detailed consideration by the state’s leaders.
https://lao.ca.gov/Publications?page=52&year=0&publicationType=0

LAO Publications

Format: Why Have Sales Taxes Grown Slower Than the Economy? August 5, 2013 - The sales and use tax is the state’s second largest revenue source as well as a major funding source for cities, counties, and some special districts.
https://lao.ca.gov/Publications?page=55&year=0&publicationType=0