The 2018-19 Budget: Initial Comments on the May Revision

May 12, 2018 - In total, our General Fund revenue and transfer estimates are higher than the administration ’s by $2.6  billion over the three-year period. Largely, this stems from, our office ’s higher estimates of PIT revenue in 2017 ‑18 and 2018 ‑19.
https://lao.ca.gov/Publications/Report/3832

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Our estimates of General Fund revenues and transfers for the “budget window ” —2016-17 through 2018-19 —are $2.6 billion above the administration ’s May 2018 revenue forecast. Figure 1 displays our General Fund revenue outlook through 2021-22.
https://lao.ca.gov/Publications/Report/3830

The 2018-19 Budget: Review of Fair Political Practices Commission Budget and Workload

May 7, 2018 - FPPC also soon will be reimbursed by the City of Sacramento for a new contract with that city. The budget in 2018 ‑19 assumes that FPPC will receive $741,000 in reimbursement from its agreement with the County of San Bernardino.
https://lao.ca.gov/Publications/Report/3822

The 2018-19 Budget: Update on State Funding for K-12 School Facilities

May 3, 2018 - OPSC either could redirect staff who were formally engaged in facility audits (which were transferred to local auditors in 2017 ‑18) or engage in fewer outreach activities . Moreover, we believe reducing processing time by at least 40 hours per application could be achieved without substantially affecting the quality of the reviews.
https://lao.ca.gov/Publications/Report/3821

April 2018: Personal Income Tax Tracker [EconTax Blog]

May 2, 2018 - The administration estimates that the state will collect $13.9 billion in personal income tax (PIT) revenue in April 2018 (net of Proposition 63 transfers to the Mental Health Fund ). Of this total, the administration estimates that $12.7 billion will come from final and extension payments relating to tax year 2017 and estimated payments relating to tax year 2018.
https://lao.ca.gov/LAOEconTax/Article/Detail/273

The 2018-19 Budget: California State Library

Apr 13, 2018 - In California, local libraries can be operated by counties, cities, special districts, or joint powers authorities. Usually an operator designates a central library to help coordinate activities among all the library branches within the jurisdiction.
https://lao.ca.gov/Publications/Report/3810

The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - As described earlier, when local property tax revenue outpaces growth in school district appropriations limits, the state must transfer some of its limit to school districts to ensure that they do not exceed their local limits.
https://lao.ca.gov/Publications/Report/3800

California Personal Income Grew Faster Than US in 2017 [EconTax Blog]

Apr 5, 2018 - The state ’s overall income growth rate (4.5 percent) was held back by very slow growth in transfer payments, but this is an indication of the strength of the state ’s economy: transfer payments consist largely of means-tested benefits such as Medi-Cal and unemployment insurance.
https://lao.ca.gov/LAOEconTax/Article/Detail/271

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - Tax Administration and Appeals Under the New Laws Laws Transferred BOE ’s Statutory Duties to New Departments. In June 2017, the Legislature passed and the Governor signed A B  102 . This law created two new departments —CDTFA and OTA —and transferred all of BOE ’s statutorily assigned duties to these new departments.
https://lao.ca.gov/Publications/Report/3796

The 2018-19 Budget: California’s New Tax Departments [Publication Details]

Apr 4, 2018 - In 2017, the Legislature passed two laws that made major changes to tax administration and appeals in California. Prior to these laws, the Board of Equalization (BOE) had administrative and appeals responsibilities for many taxes and fees.
https://lao.ca.gov/Publications/Detail/3796