1996-97 Budget Analysis: K-12 Education

The revenue limit is the amount of revenue per unit of averag e daily attendance (ADA) that districts receive in general purpose funding from state aid and local property taxes. Each of the state's 1,001 school districts and 58 county offices submit information to the State Department of Education to claim their revenue limit funding.
https://lao.ca.gov/analysis_1996/a96e1.html

^[PDF] LAO 1996 Budget Analysis: State Administration Chapter

Franchise Tax Board H - 59 FRANCHISE TAX BOARD (1730) The Franchise Tax Board (FTB) is one of the state's major tax collect- ing agencies. The FTB's primary responsibility is to administer Califor- nia's Personal Income Tax and Bank and Corporation Tax.
https://lao.ca.gov/analysis_1996/a96h.pdf

1996-97 Budget Analysis: State Administration, Part I

Franchise Tax Board (1730) The Franchise Tax Board (FTB) is one of the state's major tax collecting agencies. The FTB's primary responsibility is to administer California's Personal Income Tax and Bank and C orporation Tax.
https://lao.ca.gov/analysis_1996/a96h1.html

1996-97 Budget Analysis: Perspectives and Issues Part I

The Governor's Tax Reduction Proposal The budget includes a variety of tax reduction provisions as part of the Governor's plan to "Invest in California's Competitiveness. " The heart of the Governor's tax proposal is a 15 percent across-the-board reduction in personal income tax and bank and corporation tax rates to be phased in evenly over a three- year period beginning January 1, 1997.
https://lao.ca.gov/analysis_1996/p961.html

^[PDF] Perspectives and Issues: MAJOR EXPENDITURE PROPOSALS IN THE 1996-97 BUDGET

As we discuss in the K-12 section, Proposition 98 funding will depend on the growth in General Fund tax revenues, and the Legislature's action on the Gover- nor's proposed tax cut. Our revenue estimates for 1996-97 indicate that the amount actually available to the community colleges could exceed the amount proposed in the budget by $47 million (with a tax cut) to $78 million (with no tax cut).
https://lao.ca.gov/analysis_1996/p964-2.pdf

^[PDF] LAO 1996 Perspectives and Issues: THE GOVERNOR'S TAX REDUCTION PROPOSAL

California's personal income tax rates for 1995 ranged from 1 percent to 11 percent with 8 tax brackets. b Levies a business and occupation tax. Source: Federation of Tax Administrators. Corporate Income Tax Rates.
https://lao.ca.gov/analysis_1996/p965-1.pdf

^[PDF] LAO 1996 Perspectives and Issues: FEDERAL SPENDING IN CALIFORNIA

Earned Income Tax Credit. The Earned Income Tax Credit (EITC) provides a tax credit to working families with low or moderate incomes. The credit is refundable, so that qualifying families receive the full amount of the credit even if it exceeds their tax liability.
https://lao.ca.gov/analysis_1996/p965-4.pdf

1997-98 Budget Analysis, General Government Departments Crosscutting Issues

Based on board priorities for tax compliance, certain accounts receive 100 percent audit coverage over the three-year audit cycle, while other types of accounts can receive, less than 2 percent coverage over the audit cycle.
https://lao.ca.gov/analysis_1997/general_govt_crosscutting_anal97.html

1997-98 Budget Analysis, General Government Departments Part 2

Inappropriate for the Franchise Tax Board to Collect and Enforce Self-Assessments. Under the Act, the secretary of the agency is responsible for the solicitation of information and the initial referendum.
https://lao.ca.gov/analysis_1997/general_govt_depts2-b_anal97.html

LAO Analysis of the 1997-98 Budget BillK-12 Education, Budget Issues, Part II

These funds are provided through a combination of local property taxes (together with other specified revenues) and state aid. For most school districts, the amount of lo cal property taxes received in a year is not sufficient to fund revenue limits.
https://lao.ca.gov/analysis_1997/k12_ed_depts2-a_anal97.html