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: Medi-Cal Fiscal Outlook [Publication Details]

Dec 7, 2023 - This post provides our annual fiscal outlook for General Fund spending in Medi-Cal. It summarizes our projections, describes the major factors driving our projections, and highlights key uncertainties.
https://lao.ca.gov/Publications/Detail/4820

U.S. Retail Sales Update: September 2021 [EconTax Blog]

Oct 15, 2021 - U.S. retail sales (seasonally adjusted) grew 0.7 percent from August to September. Retail sales remain at the elevated level that has persisted following dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/705

Mental Health Services Act: Revenue Volatility and the Governor’s Proposal to Reduce Allowable County Reserves

Jul 13, 2023 - This approach, however, would increase the number of tax filers paying the MHSA tax. Swap MHSA Tax for Portion of SUT. Another way to fundamentally address MHSA revenue volatility would be to transfer the MHSA tax that is collected to the state General Fund and shift a dedicated portion of the General Fund tax base to fund the MHSA.
https://lao.ca.gov/Publications/Report/4780

Social media platforms. [Ballot]

Feb 6, 2024 - Uncertain impact on state and local tax revenue that would depend primarily on how social media platforms respond to the measure. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/BallotAnalysis/Initiative/2023-035

U.S. Retail Sales Update: August 2021 [EconTax Blog]

Sep 17, 2021 - U.S. retail sales (seasonally adjusted) grew 0.7 percent from July to August. Retail sales remain elevated due to dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/694

Cannabis Tax Revenue Update: May 2023 [EconTax Blog]

May 23, 2023 - To avoid charging the same tax twice, the state allows retailers to claim credits for such pre-2023 tax payments. The $104 million net revenue number results from a gross tax liability of $129 million, combined with $25 million of credits for taxes already paid.
https://lao.ca.gov/LAOEconTax/Article/Detail/776

Looking at the Early Effects of Federal Tax Changes on Housing [EconTax Blog]

May 4, 2018 - Looking at the Early Effects of Federal Tax Changes on Housing [EconTax Blog] Looking at the Early Effects of Federal Tax Changes on Housing May 4, 2018 Brian Uhler In December 2017, Congress passed a package of changes to federal personal income tax and corporation tax laws.
https://lao.ca.gov/LAOEconTax/Article/Detail/281

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - The Legislature can use excess revenues in three ways: (1)  appropriate more money for purposes excluded from the state appropriations limit (SAL), (2)  split the excess between additional school and community college district spending and taxpayer rebates, or (3)  lower tax revenues.
https://lao.ca.gov/Publications/Report/4449

The 2021-22 California Spending Plan: The State Appropriations Limit [Publication Details]

Aug 30, 2021 - This post describes the legislative and administrative decisions regarding the State Appropriations Limit (SAL) in the 2021‑22 budget process.
https://lao.ca.gov/Publications/Detail/4449