California's Economy and Taxes

California's Economy and Taxes Census Bureau's Updated Poverty Statistics September 24, 2015 Last week, the U.S. Census Bureau released updated poverty statistics for states indicating that 16.4 percent of Californians —more than 6 million people —were poor in 2014.
https://lao.ca.gov/LAOEconTax?tagId=22

November 2015 Jobs Report [EconTax Blog]

Dec 18, 2015 - Follow @LAOEconTax on Twitter for regular California economy and tax updates. -- The state 's Employment Development Department  (EDD) and the U.S. Bureau of Labor Statistics have released preliminary November 2015 jobs data for California.
https://lao.ca.gov/LAOEconTax/Article/Detail/156

2007-08: Overview of the Governor’s Budget

(Analysis, page F–130. ) Improving Tax Gap Activities. Our alternative builds upon the Governor ’s proposals to increase tax collection and enforcement. We redirect resources away from Board of Equalization activities which have low revenue benefits per dollar spent and towards the Franchise Tax Board.
https://lao.ca.gov/analysis_2008/highlights/pandi_highlights_022108.aspx

The 2021-22 Budget: “Cradle to Career” Data System

Mar 26, 2021 - The departments GovOps oversees include the Department of General Services, the Franchise Tax Board, and the Public Employees ’ Retirement System, as well as the Department of Technology. GovOps itself consists of 57 authorized positions.
https://lao.ca.gov/Publications/Report/4409

The 2019-20 Budget: Considerations for Governor's Proposals to Address Homelessness

Feb 21, 2019 - Voter approval of Proposition   2 i n 2018 authorized the use of funds from the Mental Health Services Act, which taxes income above $ 1  m illion, for No Place Like Home (NPLH). The Legislature created NPLH in 2016 t o build and rehabilitate permanent supportive housing for those with mental illness who are homeless or at ‑risk of becoming homeless.
https://lao.ca.gov/Publications/Report/3942

^[PDF] Major Financial Legislation Enacted in 1988

Taxpayers' Bill of Rights Chapter 1573 -- Assembly Bill 2788 (Harris) and Chapter 1574 -- Assembly Bill 2833 (Katz) These acts provide additional rights and safeguards to tax- payers. Chapter 1573 deals with the Personal Income Tax law and the Bank and Corporation Tax law, both administered by the Franchise Tax Board.
https://lao.ca.gov/reports/1988/11_88_major_financial_legislation_enacted_in_1988.pdf

2002 Budget Analysis: Health and Social Services, Department Of Child Support Services (5175)

Increased Revenues Not Reflected in Budget We recommend an increase of $4.1  million in General Fund revenues because the budget does not reflect these collections attributable to increased child support staff in the Franchise Tax Board's budget.
https://lao.ca.gov/analysis_2002/health_ss/healthss_14_5175_anl02.htm

GOVERNMENTAL STRUCTURE

Voting Requirements Differ for State and Local Taxes and Bonds When considering options for addressing budgetary problems and policy issues using taxes and bond financing, state and local decision-makers must work within the context of certai n approval or voting requirements.
https://lao.ca.gov/1995/010195_calguide/cgslf1.html

2004-05 Budget Perspectives and Issues: Options for Addressing the State's Fiscal Problem

Tax Relief —Senior Citizens’ Tax Relief $75.0
https://lao.ca.gov/analysis_2004/2004_pandi/pi_part_5g_options_anl04.htm

^[PDF] Stop the $100 Billion Bullet Train to Nowhere Act

The loss of federal funds and potential other funds, in turn, would reduce somewhat the level of economic activity in the state over the next several years, resulting in unknown reductions in state and local tax revenues.
https://lao.ca.gov/ballot/2012/120225.pdf