The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Based on the recent federal approval of a similar tax in Michigan, federal approval of a reauthorized California MCO tax appears likely. Despite this development, the administration did not propose an extension of the MCO tax in 2019 ‑20, forgoing over $ 1  b illion in General Fund benefit.
https://lao.ca.gov/Publications/Report/3916

The 2017-18 Budget: Overview of the Governor’s Proposition 98 Budget Package

Jan 13, 2017 - (Supplemental taxes consists of the property tax levied on properties sold midyear and are included in “other property tax revenue ” in the figure.) These increases are partially offset by a higher estimate of excess tax revenue.
https://lao.ca.gov/Publications/Report/3530

State Budget Effects of Recent Federal Actions to Address COVID-19

Apr 5, 2020 - Finally, should benefit payments under the state’s base program exceed payroll tax collections, the legislation allows the state to take an interest-free loan (through the end of 2020) to continue making benefit payments.
https://lao.ca.gov/Publications/Report/4217

The 2018-19 Budget: A Guide to Understanding Potential Changes in the Proposition 98 Guarantee

May 7, 2018 - Additionally, personal income tax payments indicate that wage and/or job growth has been strong through the first part of 2018. In a few days, we will have additional tax data to help discern what share of higher revenue growth in 2017 ‑18 is likely to be ongoing versus one time.
https://lao.ca.gov/Publications/Report/3823

The 2018-19 Budget: Proposition 98 Education Analysis

Feb 7, 2018 - These proportions differ from many other states, where local property tax revenue covers a much larger share of school funding. Unlike most other states, California ’s State Constitution limits local property tax rates.
https://lao.ca.gov/Publications/Report/3741

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Property Tax Revenue Projected to Rise. Whereas the minimum guarantee tends to be volatile, property tax revenue typically grows at a steadier pace. Under the growth scenario, property tax revenue grows from $24. 1  b illion in 2018 ‑ 19 t o $28. 5  b illion by 2022 ‑23.
https://lao.ca.gov/Publications/Report/3897

The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - LAO Estimates of Property Tax Revenue Slightly Above May Revision Estimates. Compared with the administration ’s estimates of property tax revenue, our estimates are $96  million (0.5  percent) higher in 2016 ‑17 and $169  million (0.8  percent) higher in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3670

The 2020-21 Budget: School District Budget Trends

Jan 21, 2020 - Smaller districts, districts that receive most of their funding from local property tax revenue ( “basic aid ” districts), and districts that can demonstrate “extraordinary fiscal circumstances ” are exempt from the cap.
https://lao.ca.gov/Publications/Report/4136

Overview of Special Education Funding Models

Dec 17, 2021 - For example, California school districts are constitutionally restricted in their ability to raise local revenue due to Proposition  13 (1978), whereas districts in many other states are able to raise local taxes if they have extraordinarily high special education costs.
https://lao.ca.gov/Publications/Report/4486

The 2019-20 Budget: Proposition 98 Analysis

Feb 13, 2019 - Schools also can raise facility funding from various other sources, including parcel taxes, but they raise relatively small amounts from these other sources. Background on the Office of Public School Construction OPSC Is One of Several State Agencies Involved in Project Approval Process.
https://lao.ca.gov/Publications/Report/3930