Long-term Capacity for Debt Payments Under Proposition 2 [Publication Details]

Dec 21, 2017 - Our recent Fiscal Outlook publication considers potential future requirements under Proposition 2 (2014)—including required rainy day fund deposits and payments toward certain state debts. Some have asked whether Proposition 2 debt funding payments can be used to reduce liabilities of teacher and other public employees' pension plans.
https://lao.ca.gov/Publications/Detail/3727

The 2022-23 Budget: Fuel Tax Rates [Publication Details]

Feb 11, 2022 - This proposal presents the Legislature with a tradeoff between reducing fuel expenses and funding state highway projects. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4528

Evaluating State Economic Stimulus Proposals

Feb 1, 2021 - New state spending may ( 1)  d irectly increase state employment; ( 2)  i ncrease state purchases of goods and services from the private sector; and/or ( 3)  i ncrease private ‑sector employment, spending, and investment.
https://lao.ca.gov/Publications/Report/4331

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Accordingly, we suggest that the Legislature generally avoid enacting or expanding such locally funded state policies. Proposals That Reduce State Revenues. Most commonly, state tax incentives reduce state revenues.
https://lao.ca.gov/Publications/Report/4327

The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance [Publication Details]

Jan 26, 2022 - This 2022-23 budget post provides background on federal COVID-19 business assistance programs and describes the Governor’s proposal to modify state tax laws as they relate to some of these grant programs. This post also provides some comments to the Legislature on the Governor’s proposal.
https://lao.ca.gov/Publications/Detail/4501

An Update on California’s Cash Management Situation

Aug 31, 2020 - State Controller Uses a Variety of Techniques to Manage Cash Position. The General Fund ’s daily cash situation is monitored and managed by the State Controller ’s Office (SCO). (The daily cash situations of other state funds, like special funds, are primarily managed by state departments.)
https://lao.ca.gov/Publications/Report/4266

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - State EITC Unaffected by Federal Changes. These changes are not expected to affect California ’s own EITC, as its relevant provisions are specified in state statute and are not linked to the federal provisions that changed under the ARP.
https://lao.ca.gov/Publications/Report/4410

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - The data come from the state ’s Metrc “track and trace” system for licensed cannabis. In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2020.
https://lao.ca.gov/Publications/Report/4447

Evaluating State Economic Stimulus Proposals [Publication Details]

Feb 1, 2021 - Evaluating State Economic Stimulus Proposals [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4331

Comparing Taxes on Cannabis to Taxes on Other Products in California

Dec 17, 2019 - Cannabis Subject to Various State and Local Excise Taxes. As shown in Figure  1, California ’s state and local governments levy a variety of excise taxes on cannabis, including: State Cultivation Tax.
https://lao.ca.gov/Publications/Report/4123