The 2022-23 Budget: The Governor's Housing Plan

Feb 14, 2022 - State Low Income Housing Tax Credits Background State Low ‑Income Housing Tax Credit Program. The state Low ‑Income Housing Tax Credit Program provides tax credits to builders of rental housing affordable to low ‑income households.
https://lao.ca.gov/Publications/Report/4535

U.S. Retail Sales Update: December 2020 [EconTax Blog]

Jan 15, 2021 - U.S. retail sales declined by 0.7% from November to December, but sales for the full year were 0.4% higher than 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/611

The 2023-24 Budget: Medi-Cal Fiscal Outlook

Nov 16, 2022 - The current MCO tax has been in place since January 2020 and is scheduled under current law to end in December 2022. We project the end of this tax will increase General Fund spending by $1.5 billion in 2023‑24.
https://lao.ca.gov/Publications/Report/4649

Card Spending Update: December 2020 [EconTax Blog]

Jan 14, 2021 - To do this, we use an index—a weighted average of different spending categories—designed to track movements in California’s sales tax base. In this post, we update the index to include December data and to incorporate data revisions for earlier months.
https://lao.ca.gov/LAOEconTax/Article/Detail/610

Affordable housing bonds. [Ballot]

Jan 3, 2022 - Communiti es pay for the cost of construction and borrowing through higher taxes, fares, and other charges that help service the debts. Property Taxes. The California Constitution limits property taxes to 1  percent of the value of property.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-040

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - UC Law SF indicates that the remaining project costs will be split between conventional debt ‑financing ($103  million) and the historic tax credit equity program ($37  million), which is a federal program focused on the rehabilitation of certified historic buildings.
https://lao.ca.gov/Publications/Report/4732

2021-22 “Big Three” Revenue Outlook Update: February 2022 [EconTax Blog]

Feb 17, 2022 - We currently project that there is a very good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $185 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/725

Card Spending Update: November 2020 [EconTax Blog]

Dec 16, 2020 - To do this, we use an index—a weighted average of different spending categories—designed to track movements in California’s sales tax base. In this post, we update the index to include November data and to incorporate data revisions for earlier months.
https://lao.ca.gov/LAOEconTax/Article/Detail/596

U.S. Retail Sales Update: November 2020 [EconTax Blog]

Dec 16, 2020 - U.S. retail sales declined by 1% in November, but total sales Jan.-Nov. 2020 were slightly higher than Jan.-Nov. 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/595

Mental Health Services Act: Proposed Restructuring of the MHSA Funding Categories and Impacts on County Spending

Jul 13, 2023 - Approved by voters in 2004, the MHSA places a 1  percent tax on personal income over $1  million and dedicates the associated revenues to mental health services. The vast majority ­ of MHSA revenues —at least 95   percent —goes directly to counties, which use it to support a variety of services for individuals with or at risk of mental illness.
https://lao.ca.gov/Publications/Report/4782