The 2024-25 Budget: Preliminary May Revision Analysis for Child Welfare

May 24, 2024 - The change in total funding, which is a net increase of $173  million total funds, reflects the General Fund decrease, offset by projected increases in county and federal expenditures. The General Fund net decrease is driven primarily by: Expiration of one-time funding provided in 2023-24, such as $100  million for Los Angeles County child welfare stabilization and $50  million for flexible county funds to support home-based foster placements.
https://lao.ca.gov/Publications/Report/4909

Cannabis and certain psychedelic drugs. [Ballot]

Dec 18, 2023 - The measure would reduce ongoing costs to the state and local governments by reducing the number of people convicted of entheogenic substance-related offenses incarcerated in state prison and county jail, as well as the number placed under community supervision (such as county probation).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-032

Property taxes. [Ballot]

Aug 4, 2023 - Effects on County Administrative Costs. County governments administer the property tax. The measure ’s changes could affect counties ’ costs to do so. The net effect on county administrative costs is unclear, but likely would not exceed the low tens of millions of dollars annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-005

The 2023-24 California Spending Plan: Health

Oct 23, 2023 - If the federal government does not initially approve the MCO tax, the trailer bill legislation grants the administration authority to adjust the structure of the tax as needed to meet federal rules and to resubmit the tax for federal approval.
https://lao.ca.gov/Publications/Report/4810

The 2024-25 Budget: Department of Health Care Access and Information

Feb 27, 2024 - In particular, the fund ’s revenues in 2022 ‑23, which primarily come from a tax on incomes over $1  million, are 21  percent lower than what was assumed in last year ’s budget. This lower level of revenues results in less funding available to the state and counties over the budget window and fewer resources in the fund ’s reserve.
https://lao.ca.gov/Publications/Report/4860

Homeownership affordability. [Ballot]

Oct 27, 2023 - Local governments rely on a variety of taxes and fees to fund their services, like schools, fire and police, public works, and parks. The property and sales taxes generally are the largest sources of local tax revenue for cities and counties.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-025

U.S. Retail Sales Update: May 2024 [EconTax Blog]

Jun 18, 2024 - U.S. retail sales have grown 0.4 percent over the last 3 months and 2.3 percent over the last 12 months. Over both periods, sales have grown more slowly than inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/807

U.S. Retail Sales Update: May 2024 [EconTax Blog]

Jun 18, 2024 - U.S. retail sales have grown 0.4 percent over the last 3 months and 2.3 percent over the last 12 months. Over both periods, sales have grown more slowly than inflation.
https://lao.ca.gov/LAOEconTax/article/Detail/807

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Net incomes also depend on other factors, such as taxes.) Minimum Wage as Policy to Address Poverty. Many policymakers view minimum wages as a way to raise incomes and to reduce the number of people experiencing poverty.
https://lao.ca.gov/Publications/Report/4878/3

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein Background. In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/article/Detail/805