September 1997 Cal Update

The State Treasurer will issue the bonds when cash is needed, and the bonds will be repaid over 20 or 30 years from General Fund revenues (primaril y state sales and income tax revenue). State Transportation Funds.
https://lao.ca.gov/1997/cal_update/sep_2_97_calupdate.html

^[PDF] UPDATE SEPTEMBER EPTEMBER 1997

The State Treasurer will issue the bonds when cash is needed, and the bonds will be repaid over 20 or 30 years from General Fund revenues (primarily state sales and income tax revenue). State Transportation Funds.
https://lao.ca.gov/1997/cal_update/sep_2_97_calupdate.pdf

Rethinking the Cal-Vet Loan Program Part I

In both cases thou gh, these restrictions apply to ensure that the bonds issued by the state are tax exempt for the purposes of federal tax law. The bonds' tax exempt status makes it possible for the state to sell them at a lower interest rate than would otherwise be possible.
https://lao.ca.gov/1998/011698_calvet/011698_cal-vet_parta.html

^[PDF] CalWORKs Welfare Reform: Major Provisions and Issues

Figure 2 gram that would potentially allow the recipient to shows that (1) families working half-time at the mini- receive the federal earned income tax credit, as mum wage had larger grants under prior law, long as the total monthly wages do not exceed the (2) families working full-time have slightly larger amount of the grant.)
https://lao.ca.gov/1998/012398_calworks/012398_calworks.pdf

Higher Education Enrollments: Is A Tidal Wave Coming?

State Should Review Fee Policies in Light of Federal Tax Credit. The federal tuition tax credits create both opportunities and concerns for California. It provides an opportunity for California to increase resources for higher education without significantly affecting the after-tax price of higher education for students and their families.
https://lao.ca.gov/1998/0298_highered_enrollments/0298_highered_enrollments.html

^[PDF] An LAO Taking Advantage of New Federal Higher Education Tax Credits

Part of the act creates the “Hope Scholarship” and “Lifetime Learn- ing” tax credits, which will dramatically lower the after-tax price of higher education fees for most middle-income students (or their parents) by low- ering their federal taxes.
https://lao.ca.gov/1998/0298_highered_tax_credits/0298_highered_tax_credits.pdf

After the Transportation Blueprint: Developing and Funding an Efficient Transportation System

Vehicle Miles Traveled Tax. Rather than taxing consumption of fuel, a VMT tax taxes driving at a specified cost per mile. As a user fee, the VMT tax is superior to the gas tax because it directly taxes r oad usage and treats all drivers similarly regardless of fuel consumption.
https://lao.ca.gov/1998/030598_trans_blueprint/030598_after_transportation_blueprint.html

May Revision

While this determination can only be made in conjunction with other tax reduction and spending proposals, the state clearly has significant new ongoing resources that could be used for this purpose, if desired.
https://lao.ca.gov/1998/0598_may_revision/0598_may_revision.html

^[PDF] An LAO Overview of the 1998-99 May Revision

While provid- ing significant tax relief, the VLF proposal requires a major dedication of future resources. The budget will remain balanced only if the state enjoys continued economic growth and there are no new or expanded commit- ments in other areas of the budget.
https://lao.ca.gov/1998/0598_may_revision/0598_may_revision.pdf

^[PDF] An LAO Major Features of the 1998 California Budget

Figure 2 Potential Future VLF Tax Cuts (Dollars In Billions)
https://lao.ca.gov/1998/082498_bud_major_features/082498_major_features.pdf