The 2023-24 Budget: Analysis of the Medi-Cal Budget [Publication Details]

Feb 10, 2023 - The 2023-24 Budget: Analysis of the Medi-Cal Budget [Publication Details] Description: This brief provides an overview of the Governor’s proposed budget for Medi-Cal, assesses the administration’s assumptions on caseload and COVID-19-related policies, and analyzes the Governor’s managed care organization tax proposal.
https://lao.ca.gov/Publications/Detail/4675

Housing affordability and property taxes. [Ballot]

Nov 12, 2021 - Background Property Taxes and Income Tax Credits   Local Governments Collect Property Taxes From Property Owners.  California local governments —cities, counties, schools, and special districts —levy property taxes on property owners.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-023

Assessing Community College Programs at State Prisons

Jul 1, 2024 - Proposition  98 funding comes from the state General Fund and certain local property tax revenues. Most Proposition  98 funding is provided to community colleges through “apportionments, ” which is general ‑purpose funding used to pay for instruction and other core operating costs.
https://lao.ca.gov/Publications/Report/4913

The 2024-25 Budget: Child Care

Apr 15, 2024 - As part of the 2022 ‑23 budget package, the state eliminated the cannabis cultivation tax, which provided roughly one ‑fifth of Proposition  64 tax revenue. Recognizing the resulting fiscal risk, the budget package also established a target funding level for programs that receive Proposition  64 revenues (the “2020 ‑21  baseline ”) and included provisions intended to keep funding from falling below that target.
https://lao.ca.gov/Publications/Report/4893

The 2022-23 Budget: State Payments on the Federal Unemployment Insurance Loan

Feb 15, 2022 - Businesses Set to Pay Add ‑On Federal UI Tax Beginning in 2023. To repay the federal loans, the federal UI payroll tax rate on employers will increase by 0.3  percent for tax year 2022. However, employers will not pay this higher rate until 2023  when employers remit their 2022 federal UI payroll taxes.
https://lao.ca.gov/Publications/Report/4543

Income Tax Withholding Tracker: February 1 - February 19 [EconTax Blog]

Feb 19, 2021 - Income Tax Withholding Tracker: February 1 - February 19 [EconTax Blog] Income Tax Withholding Tracker: February 1 - February 19 February 19, 2021 Brian Uhler Bottom Line: California income tax withholding collections in February to date are 7.8 percent above February 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/627

Taxation of Sugary Drinks

Nov 26, 2018 - Different Types of Sugary Drink Taxes Volume ‑Based Tax. Under a volume ‑based tax, the amount of tax owed depends only on the volume of the taxed drink. As shown in Figure  3, for example, a one cent per ounce tax results in a tax of $0. 12 o n a can of cola and $0. 64 o n a large bottle of cranberry juice cocktail.
https://lao.ca.gov/Publications/Report/3903

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - Taxation of Sugary Drinks [Publication Details] HTML Description: Taxes on sugary drinks have become increasingly common in recent years. In June 2018, the Legislature passed a law (Chapter 61 of 2018 [AB 1838, Committee on Budget]) prohibiting local governments from levying such taxes (and other taxes on groceries) through 2030.
https://lao.ca.gov/Publications/Detail/3903

Property tax assessment. [Ballot]

Oct 15, 2021 - Property taxes are a major revenue source for local governments, raising about $75  billion per year statewide. How Is a Property Tax Bill Calculated?   Each property owner ’s annual property tax bill is equal to the taxable value of their property multiplied by their property tax rate.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-015

Minimum wage. [Ballot]

Jan 24, 2022 - Changes in Tax Revenues. The measure would affect income tax and sales tax revenues. Income Tax Revenues. The state collects a personal income tax on income earned within the state, including wages and business owners ’ incomes.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-043