The Property Tax Inheritance Exclusion

Oct 9, 2017 - Special Rules for Inherited Property Local Governments Levy Property Taxes. Local governments in California —cities , counties, schools, and special districts —levy property taxes on property owners based on the value of their property.
https://lao.ca.gov/Publications/Report/3706

The 2024-25 Budget: IS and IT Project Proposal Tables

Feb 9, 2024 - IT = information technology; CDT = California Department of Technology; TF = total funds; GF = General Fund; OF = other funds; EDD  =  Employment  Development Department; CalSTRS = State Teachers ’ Retirement System; PSP = Pension Solution Project; N/A = not applicable; CalHHS  =  California Health and Human Services Agency; DSS = Department of Social Services; CWS ‑CARES = Child Welfare Services
https://lao.ca.gov/Publications/Report/4836

Medi-Cal Rx program and revenues from federal drug price discounts. [Ballot]

Oct 19, 2023 - This result could have fiscal implications for state tax proceeds, Medi-Cal, or other state and local government programs. The impact would depend on many factors, including which entities lose their state tax-exempt status and licenses.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-021

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - For further discussion of the MCO tax, please reference the “Medi-Cal ” Fiscal Outlook online post. Administration Scheduled to Release Report of 1991 Realignment and IHSS County Costs. In 2017 ‑18, a new IHSS county maintenance ‑of ‑effort (MOE) —referred to as the 2017 IHSS MOE —was established.
https://lao.ca.gov/Publications/Report/3899

^[PDF] 1964 Budget Analysis: Judicial

The funds requested by the Judicial Council In this budget item are required to pay the State's share of higher salaries when assignments of judges are made to courts or counties where there. is a higher salary level. .
https://lao.ca.gov/analysis/1964/03_judicial_1964.pdf

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/Article/Detail/781

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/781

The 2023-24 Budget: Analysis of the Governor’s Major Behavioral Health Proposals

Feb 16, 2023 - County Participation Unclear. Receiving a waiver for expanded use of IMD treatment would reduce county behavioral health costs by drawing down additional federal funds. Given the requirements on counties to implement the demonstration project, however, whether there would be a net fiscal benefit is uncertain.
https://lao.ca.gov/Publications/Report/4689

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Monthly Tax Collections Falling Short of Governor ’s Budget. Through April, income tax collections have fallen about $3.5 billion short of Governor ’s Budget projections. Similarly, corporation tax collections are down almost $2 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Monthly Tax Collections Falling Short of Governor ’s Budget. Through April, income tax collections have fallen about $3.5 billion short of Governor ’s Budget projections. Similarly, corporation tax collections are down almost $2 billion.
https://lao.ca.gov/LAOEconTax/article/Detail/777