Colorado River Water: Challenges for California

To date, the Legislature has enacted only SB 1082 which would facilitate a transfer of water between two Colorado River water users (the Imperial Irrigation District and the San Diego County Water Authority) by providing a process to resolve issues about charges to convey the transferred water.
https://lao.ca.gov/1997/101697_colorado_river/101697_colorado_river.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

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] 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

^[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

Cal Update December 1998

Two Major Oil Spill Settlements This past summer, the state reached a settlement with the Unocal Corporation for environmental damage caused by leaking oil pipelines in two locations in San Luis Obispo County--Av ila Beach and the Guadalupe Oil Field.
https://lao.ca.gov/1998/cal_update/dec_98_calupdate.html

^[PDF] An LAO Shifting Gears: Rethinking Property Tax Shift Relief

Property Tax Administration Loan Program. Provides annual forgivable loans to counties for property tax administration. Counties benefit from increased property tax yields. Program authorized for several years at .
https://lao.ca.gov/1999/020299_property_tax_shift.pdf

California's Fiscal Outlook 1999-00 to 2001-02 Part I

Our for ecast for 1999-00 is up by nearly $1.9 billion, due to both the improved economic outlook, and stronger-than-expected monthly receipts from key sources such as personal income tax withholding and sales tax payments.
https://lao.ca.gov/1999/1199_fiscal_outlook/1199_fiscal_outlook_part_1.html

^[PDF] SUPPLEMENTAL REPORT OF THE 1999 BUDGET ACT 1999-00 FISCAL YEAR

This report shall include, but is not limited to, a description of the boards efforts to recruit and retain tax auditor position classifications, tax technician classifications, business tax compliance specialists, and related revenue and collections position classifications at the board.
https://lao.ca.gov/1999/99-00_supp_rpt_lang.pdf

march update

Generally, each dollar of addi tional property tax revenue received by school districts saves one dollar of state General Fund money. It is possible that even more property tax revenues for school districts may be identified by the May Revision.
https://lao.ca.gov/1999/cal_update/mar_99_calupdate.html