What is the Local Fiscal Foundation?

13: Property Tax Allocation 14: Property Tax Allocation 15: (Untitled) 16: Summary of Local Fiscal Control 17: Second Crack: Not Conducive to Broad Economic Growth 18: Instead, Local Fiscal System Encourages Cities and Counties to 19: What Fiscal Incentive Do Cities Face?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide2.html

Third Crack: Different Tax Burdens for Similar Taxpayers

Third Crack: Different Tax Burdens for Similar Taxpayers Third Crack: Different Tax Burdens for Similar TaxpayersSlide 20 of 30 Go to slide: 1: Cracks in the Local Fiscal Foundation 2: What is the Local Fiscal Foundation?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide20.html

What Should Commission Do?

13: Property Tax Allocation 14: Property Tax Allocation 15: (Untitled) 16: Summary of Local Fiscal Control 17: Second Crack: Not Conducive to Broad Economic Growth 18: Instead, Local Fiscal System Encourages Cities and Counties to 19: What Fiscal Incentive Do Cities Face?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide25.html

More Ideas . . .

13: Property Tax Allocation 14: Property Tax Allocation 15: (Untitled) 16: Summary of Local Fiscal Control 17: Second Crack: Not Conducive to Broad Economic Growth 18: Instead, Local Fiscal System Encourages Cities and Counties to 19: What Fiscal Incentive Do Cities Face?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide28.html

City Revenues

13: Property Tax Allocation 14: Property Tax Allocation 15: (Untitled) 16: Summary of Local Fiscal Control 17: Second Crack: Not Conducive to Broad Economic Growth 18: Instead, Local Fiscal System Encourages Cities and Counties to 19: What Fiscal Incentive Do Cities Face?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide3.html

Suggestion to Commission

13: Property Tax Allocation 14: Property Tax Allocation 15: (Untitled) 16: Summary of Local Fiscal Control 17: Second Crack: Not Conducive to Broad Economic Growth 18: Instead, Local Fiscal System Encourages Cities and Counties to 19: What Fiscal Incentive Do Cities Face?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide30.html

Three “Cracks” in the Foundation

13: Property Tax Allocation 14: Property Tax Allocation 15: (Untitled) 16: Summary of Local Fiscal Control 17: Second Crack: Not Conducive to Broad Economic Growth 18: Instead, Local Fiscal System Encourages Cities and Counties to 19: What Fiscal Incentive Do Cities Face?
https://lao.ca.gov/sections/local_govt/cracks_presentation/fslide9.html

^[PDF] Appendix 1, Figure 8 Reversions Proposed in the 2024-25 May

Appendix 1, Figure 8 Reversions Proposed in the 2024-25 May Revision General Fund (In Millions) Department/ Program Area Description 2022-23 2023-24 2024-25 CalFire Alma, Hollister, and Bear Valley Helitack Base acquisition $12.05 $4.85 — CDE State Preschool unspent funds — — $153 CDTFA Salary savings — 20 — DMV California Drive Test Centers — 10 — DOC Multibenefit Land Repurposing (Water and
https://lao.ca.gov/reports/2024/4902/Appendix-1-Spending-Solutions.pdf

^[PDF] All Other Solutions Proposed in the 2024-25 May Revision General

All Other Solutions Proposed in the 2024-25 May Revision General Fund (In Millions) Type Description 2023-24 2024-25 Cost Shift Capital Annex Project—shift funding from cash to bonds -$500 $950 Cost Shift Loans to the General Fund from special funds — 607 Cost Shift Extend repayment schedule for current loans — 250 Cost Shift Shift General Fund expenditures for Civil Rights Department to special
https://lao.ca.gov/reports/2024/4902/Appendix-2-All-Other-Solutions.pdf

^[PDF] Governor’s May Revision Plan to Expend Cannabis Tax Revenues

These include two state excise taxes on cannabis: a retail excise tax and a cultivation tax. The revenues from these taxes are deposited in a special fund, the Cannabis Tax Fund. Provides Tax Revenues to Three Categories of Activities.
https://lao.ca.gov/handouts/crimjust/2019/Cannabis-Tax-Revenues-051319.pdf