Cannabis Tax Revenue Update [EconTax Blog]

Nov 30, 2020 - The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax. First Quarter of 2020-21: $201 Million. The administration currently estimates that retail excise tax revenue was $160 million and cultivation tax revenue was $41 million in the first quarter of fiscal year 2020-21 (July through September). 2019-20 Total Revised Upward to $522 Million.
https://lao.ca.gov/LAOEconTax/Article/Detail/583

The 2019-20 Budget: California Spending Plan—Health and Human Services

Oct 17, 2019 - In recent years, the Legislature has called for the state to develop a plan for issues related to the growing aging population, including how best to structure state programs to meet the needs of the increasing number of seniors and assess the long-term impact of demographic changes on the state budget.
https://lao.ca.gov/Publications/Report/4104

A Look at Household Debt in California [EconTax Blog]

Feb 12, 2020 - While a slowdown in the auto sector, by itself, is unlikely to create a significant drag on the state ’s economy, it could have fiscal implications for the state and local governments. New car purchases are a major category of taxable sales, so this trend likely is placing some drag on state and local sales tax collections.
https://lao.ca.gov/LAOEconTax/Article/Detail/435

The 2021-22 Budget: Funding for Debt Collector Licensing and Regulation

Feb 17, 2021 - For example, in implementing the S B   908 l icense application process, DFPI will need to assess whether applicants are of sound financial condition, have a reasonable business plan, and are likely to comply with state law.
https://lao.ca.gov/Publications/Report/4376

General obligation bonds for various natural resources-related programs and projects. [Ballot]

Aug 22, 2019 - Fiscal Effects Fiscal Effects on State Government. This measure would allow the state to borrow up to $7.9  billion by selling general obligation bonds to investors, who would be repaid with interest using the state ’s general tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-005

Pretrial release and bail. [Ballot]

Sep 4, 2019 - New State Pretrial Release Process State Adopted New Process in 2018. The Legislature passed and the Governor signed Chapter  244 of 2018 (SB  10, Hertzberg), which establishes a new state pretrial process.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-006

Taxation of commercial property. [Ballot]

Oct 2, 2019 - State law allows property owners to deduct property tax payments from their taxable income for the purposes of calculating PIT and corporation tax payments. This reduces their tax bills. State Constitution Governs State Spending on Schools and Community Colleges.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-008

The 2020-21 Budget: Reinventing the Department of Business Oversight

Feb 26, 2020 - What Should DFPI ’s Role Be Relative to Other State Regulatory Departments? The proposed language would authorize DFPI to take action against licensees of other state departments for UDAAP violations.
https://lao.ca.gov/Publications/Report/4181

Chronic Dialysis Clinics [Ballot]

Dec 13, 2019 - We estimate that this scenario would lead to increased costs for state and local governments in the low tens of millions of dollars annually. This represents a small increase relative to the state ’s total spending on Medi-Cal and to state and local governments ’ total spending on employee and retiree health coverage.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-025

The 2020-21 Spending Plan: Human Services [Publication Details]

Oct 23, 2020 - This post summarizes the state’s 2020-21 spending package for major human services programs. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget.
https://lao.ca.gov/Publications/Detail/4286