The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Both types of projects may be infrastructure in the broad sense, with differences —like ownership of the asset —making one but not the other eligible for administrative augmentation. As  the Legislature considers the Governor ’s budget, we suggest it also consider which programs have preexisting processes for adjusting for inflation and which do not and whether automatic adjustments align with its priorities.
https://lao.ca.gov/Publications/Report/4647

Technology Transfer Agreements and California’s Sales Tax [Publication Details]

Jan 30, 2017 - Technology Transfer Agreements and California’s Sales Tax [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/3541

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - The remaining one ‑third goes directly to cities and counties to support local street and road maintenance and rehabilitation. Federal Funding Also Supports Transportation Projects. In addition to state excise tax revenues, the state receives federal fuel excise tax revenue for transportation.
https://lao.ca.gov/Publications/Report/4528

Volatility of the Personal Income Tax Base

Feb 8, 2017 - Transfer Payments. Transfer payments consist mainly of government payments to and for the benefit of individuals, such as Social Security, disability payments, Medicare and Medicaid payments, unemployment insurance benefits, and veterans ’ benefits.
https://lao.ca.gov/Publications/Report/3548

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Our estimates of General Fund revenues and transfers for the “budget window ” —2016-17 through 2018-19 —are $2.6 billion above the administration ’s May 2018 revenue forecast. Figure 1 displays our General Fund revenue outlook through 2021-22.
https://lao.ca.gov/Publications/Report/3830

Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details]

Feb 10, 2015 - Unclaimed Property: Rethinking the State’s Lost & Found Program [Publication Details] Infographic Description: California law has long required banks, insurance companies, and many other types of entities to transfer to the State Controller’s Office (SCO) personal property considered abandoned by owners.
https://lao.ca.gov/Publications/Detail/3167

Understanding Your Property Tax Bill - The 1 Percent Tax—Where Does Your Money Go? [Video]

This includes cities, the county, special districts, and schools and community college districts. Educational Revenue Augmentation Fund (ERAF). This is a countywide multi-purpose fund originally created  to provide funding for schools For many reasons, the system of distributing these revenues has become very complex.
https://lao.ca.gov/Videos/Player?playlistId=96&videoId=144

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - In particular, fund balances above $ 20  m illion at the end of 2016 ‑17 and $ 15  m illion at the end of 2017 ‑18 (and each subsequent year) transfer to the General Fund. In 2017 ‑18, the balance of the fund exceeded the threshold by $5. 7  m illion and that amount was transferred to the General Fund.
https://lao.ca.gov/Publications/Report/3885

The 2012-13 Budget: California’s Fiscal Outlook [Publication Details]

Nov 16, 2011 - The 2012-13 Budget: California’s Fiscal Outlook [Publication Details] Video Description: We forecast that General Fund revenues and transfers in 2011-12 will be $3.7 billion below the level assumed in the June budget package.
https://lao.ca.gov/Publications/Detail/2539

Building Reserves to Prepare for a Recession

Mar 7, 2018 - Passed by voters in 2004, Proposition   58 r equired the state to make an annual transfer into the BSA. These required deposits were to gradually increase from 1  p ercent of General Fund revenues in 2006 ‑ 07 t o 3  p ercent in 2008 ‑09 and every year thereafter.
https://lao.ca.gov/Publications/Report/3769