Lease-Leaseback Transactions by Public Transit Districts--Sales and Use Tax Exemption

The SUT is generally levied in California on the gross receipts from tangible personal property sold or transferred to individuals and businesses considered to be the final cons umer of the property.
https://lao.ca.gov/2003/leaseback/0103_Transit-LeaseBack.html

^[PDF] The 2003-04 Budget Bill (AB 1765), as amended July 27, 2003

As a result, cities and counties will experience VLF revenue reductions totaling about $825 million, assuming the rate remains at the current level for the first three months of 2003-04. The budget package requires the state to reimburse local governments for this revenue loss by no later than August 2006.
https://lao.ca.gov/2003/sen_floor/7-26-03_sen_floor_AB1765.pdf

^[PDF] The 2003-04 Senate Budget Bill SB 53 (Chesbro) As Adopted by the Budget and Fiscal Review Committee

The Senate rejected the Governor’s proposal to (1) transfer only $207 million from the General Fund to the Transportation Investment Fund (TIF) under Proposition 42 and (2) retain $938 million in the General Fund.
https://lao.ca.gov/2003/sen_floor/Sen_Floor_Packet_0602203.pdf

California Spending Plan 2003-04

Transfers and Loans From Special Funds The 2003-04 budget package includes $1.8  billion in transfers and loans from special funds. About $1  billion of this total represents pension fund contributions from special fund-supported agencies that is scheduled to be replaced in 2003-04 by pension obligation bond proceeds.
https://lao.ca.gov/2003/spend_plan_03/1003_spend_plan_main.html

^[PDF] LAO Review of Proposed Hearst Ranch Conservation Transaction

Lastly, while the current property owners are considered good stewards of the natural resources on the property, future ownership may not share the same stewardship practices. Level of Resource Protection Contingent on Yet-to-Be-Developed Management Plan.
https://lao.ca.gov/2004/Hearst_Ranch/040513_hearst_ranch.pdf

^[PDF] Cal Facts 2004

These revenue transfers commonly are referred to as the “triple flip.” VLF-Property Tax Swap. In 1999, the state began reducing the vehicle license fee (VLF) rate charged to vehicle owners—and backfilling city and county rev- enue losses from this tax reduction with state subventions.
https://lao.ca.gov/2004/cal_facts/cal_facts_2004.pdf

A Review of the California Youth Authority's Infrastructure

For example, it proposes legislation to (1) change the age jurisdiction of the Youth Authority from 25 years of age to 22 years of age and (2) reform sentencing policies that would allow certain wards to be transferred to the adult prison system.
https://lao.ca.gov/2004/cya/052504_cya.htm

California's Fiscal Outlook LAO Projections 2004-05 Through 2009-10

After the two-year period, these employees will then choose whether to (1)  transfer the funds in their account to PERS or (2) cash out their account. If an employee chooses to transfer the proceeds to PERS, that employee will receive retirement service credit for the two years.
https://lao.ca.gov/2004/fiscal_outlook/fiscal_outlook_04.htm

^[PDF] Fiscal Outlook Lao Projection 2004-05 Through 2009-10

This transfer roughly offsets the growth of local property taxes for schools in this year. California’s Fiscal Outlook Legislative Analyst’s Office 31 adopted. The increase in the minimum guarantee is the net effect of two main factors—additional Gen- eral Fund revenues and lower K-12 attendance.
https://lao.ca.gov/2004/fiscal_outlook/fiscal_outlook_04.pdf

An Assessment: Governor's Local Government Proposal

ERAF In 1992-93, the state directed each county auditor to establish an Educational Revenue Augmentation Fund (ERAF) and annually transfer to this fund property taxes that otherwise would be allocated to cities, counties, and special districts.
https://lao.ca.gov/2004/local_gov/052404_loc_gov_proposal.htm