An Overview of the 1997-98 Governor's Budget

Moderate growth in sales and personal income taxes is assumed along with a slight decline in bank and corporation taxes, the latter reflecting both slowing profit growth and the impacts of recently enacted and proposed tax rate reductions.
https://lao.ca.gov/1997/011597_bud_overview/budget_overview_197.html

^[PDF] An Overview of the 1997-98 Governor's Budget

Moderate growth in sales and personal income taxes is assumed along with a slight decline in bank and corporation taxes, the latter reflecting both slowing profit growth and the impacts of recently enacted and proposed tax rate reductions.
https://lao.ca.gov/1997/011597_bud_overview/budget_overview_197.pdf

^[PDF] Welfare Reform in California: A Welfare-to-Work Approach

Page 12 Legislative Analyst's Office bring about increased employment Credit [EITC], which provides a tax among recipients, they will result in reduction or refundable credit for a cost to government.
https://lao.ca.gov/1997/012397_cal_welfare_reform/welfare_reform_197.pdf

ERAF and the 1997-98 State Budget

Our major recommendations to the Legislature are: Fund property tax shift relief in 1997-98 at $100  million or more. Provide relief by reducing local government baseline property tax shift obligations, rather than capping the growth on the property tax shift.
https://lao.ca.gov/1997/061897_eraf/eraf_and_the_1997-98_state_budget_pb061897.html

^[PDF] Major Features of the 1997 California Budget Budget Brief

The budget includes no changes to state tax law. The Legislature rejected the 10 percent phased reduction to corporate tax rates included in the Governor’s original budget proposal, as well his July proposal for a phased 10 percent reduction in personal income tax rates.
https://lao.ca.gov/1997/082297_bud_major_features/8_97_major_features_of_the_97_california_budget.pdf

California's Fiscal Forecast 1997-98--Chapter 1

Our forecast takes into account the projected impacts of federal reductions in the maximum tax rate on capital gains, which are expected to translate into $450  million in additional state personal income tax receipts in 1997-98.
https://lao.ca.gov/1997/112097_fiscal_outlook/1997_fiscal_outlook_chapter_1.html

California's Fiscal Forecast 1997-98--Chapter 4

Our economic forecast assumes state tax revenues will grow by about 5  percent in 1998-99 and 1999-00. We also assume that growth in local property tax revenues will continue to recover from the relatively low rates of the past few years.
https://lao.ca.gov/1997/112097_fiscal_outlook/1997_fiscal_outlook_chapter_4.html

California's Fiscal Forecast 1997-98--Chapter 5

It is possible in future years, however, that slower student enrollment growth and faster growth in local property taxes could result in a decrease in the General Fund share going to Proposition  98.
https://lao.ca.gov/1997/112097_fiscal_outlook/1997_fiscal_outlook_chapter_5.html

December 1997 Cal Update

In the 1970s, the rapid rise in home values and the subsequent growth in property tax bills crea ted the widespread desire to lower property taxes. This movement culminated in 1978 with the passage of Proposition 13, which reduced property tax revenues by more than 50 percen t.
https://lao.ca.gov/1997/cal_update/dec_97_calupdate.html

^[PDF] UPDATE DECEMBER ECEMBER 1997

These months in- clude both the last quarterly payments toward 1997 tax liabilities for individuals and corpora- tions, and tax receipts related to retail sales during the key Christmas shopping period.
https://lao.ca.gov/1997/cal_update/dec_97_calupdate.pdf