The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - LAO Estimates of Property Tax Revenue Slightly Above May Revision Estimates. Compared with the administration ’s estimates of property tax revenue, our estimates are $96  million (0.5  percent) higher in 2016 ‑17 and $169  million (0.8  percent) higher in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3670

The 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - Changes in federal tax policy could have some near –term benefit or costs to state tax revenues and taxpayers (and perhaps require new state tax legislation to conform to those federal policies). Other possible federal policy changes could affect the economy, reduce federal funding, or substantially increase state costs in future years.
https://lao.ca.gov/Publications/Report/3669

The 2017-18 Budget: Analysis of Special Education “Disconnect”

Mar 1, 2017 - (Roughly ten SELPAs will be most opposed to the first option, as they have sufficient property tax revenue to continue covering the higher statutory funding levels. These SELPAs w ould see some of their property tax revenue go to cities, counties, and/or trial courts, consistent with existing related statutory provisions.)
https://lao.ca.gov/Publications/Report/3598

The 2017-18 Budget: County Offices of Education and The Minimum State Aid Provision

Feb 10, 2017 - Under the LCFF for COEs (similar to school districts), local property tax is counted first for meeting each COE ’s overall LCFF allotment, with the state making up any gap. In a county where local property tax revenue is sufficient to fund all of its LCFF allotment, the state still must provide its minimum state aid allotment.
https://lao.ca.gov/Publications/Report/3554

Volatility of the Personal Income Tax Base

Feb 8, 2017 - California’s PIT Tax Base The tax base used by California for its personal income tax is similar to the federal government ’s, but is set in state law. Figure  2 summarizes the major components of the state ’s PIT tax base as reported on federal and state tax forms.
https://lao.ca.gov/Publications/Report/3548

Volatility of the Personal Income Tax Base [Publication Details]

Feb 8, 2017 - On the other hand, California's personal income tax (PIT) base was much more volatile. This is because (1) some of the more stable pieces of personal income are not taxed under California's PIT and (2) the PIT tax base includes capital gains, which are extremely volatile and are not counted as part of personal income in federal statistics.
https://lao.ca.gov/Publications/Detail/3548

Re-Envisioning County Offices of Education: A Study of Their Mission and Funding

Feb 6, 2017 - Like the school district LCFF, the COE LCFF is funded by a combination of state General Fund and local property tax revenue, with the proportion of each fund source varying by county. COEs have flexibility to use all LCFF funds (from either part of the formula) for any purpose.
https://lao.ca.gov/Publications/Report/3547

A Historical Review of Proposition 98

Jan 18, 2017 - Gas Tax Swap. State eliminated its sales tax on gasoline, which had counted toward the guarantee, and replaced it with an excise tax that otherwise would not count toward the guarantee. The state initially held schools and community colleges harmless by assuming the gas sales tax revenue still existed for the purposes of Proposition  98 calculations.
https://lao.ca.gov/Publications/Report/3526

EdBudget Tables (January 2017)

Jan 13, 2017 - Proposition 98 Funding Per Student $10,171 $396 2.7% a Includes funding for state debt-service payments for school facilities, state contributions to the State Teachers ’ Retirement System, and California Department of Education operations. b Includes one-time clean energy funds carried over from previous years. c Includes revenue from local fees, property taxes collected in
https://lao.ca.gov/Publications/Report/3529

The 2017-18 Budget: Overview of the Governor’s Proposition 98 Budget Package

Jan 13, 2017 - (Supplemental taxes consists of the property tax levied on properties sold midyear and are included in “other property tax revenue ” in the figure.) These increases are partially offset by a higher estimate of excess tax revenue.
https://lao.ca.gov/Publications/Report/3530