The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - Taken at face value, voter approval of Proposition 56 arguably demonstrates a desire to increase funding to Medi‑Cal beyond year‑to‑year growth in the program absent policy changes. The Governor’s proposal, by contrast, uses the new revenues to pay for typical year‑to‑year cost increases in Medi‑Cal.
https://lao.ca.gov/Publications/Report/3573

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - The state can meet SAL  requirements through a variety of actions, such as lowering revenues from certain taxes, spending more on excludable purposes (for example, tax refunds, capital outlay, and subventions to local governments), and/or providing tax rebates and additional payments to schools.
https://lao.ca.gov/Publications/Report/4597

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - The typical 25 to 35 year old homeowner has been in their home for about four and a half years. In contrast, the typical homeowner over 65 has been in their home for over 20 years. A consequence of this is that the aging of California ’s homeowners will not just increase turnover, it will increase turnover of homes that have not changed hands in many years.
https://lao.ca.gov/Publications/Report/3693

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion

Mar 6, 2019 - Many community ‑based organizations and other state and local government agencies (such as school districts and county social services offices) engage in efforts to raise awareness about the state and federal EITC.
https://lao.ca.gov/Publications/Report/3960

Common Claims About Proposition 13

Sep 19, 2016 - This effect is larger when the difference in ownership tenure is greater: prope rties owned one to five years longer than their neighbors were 25  percent less likely to be developed, compared to 69  percent for properties owned for 20 to 25 years longer.
https://lao.ca.gov/Publications/Report/3497

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - Income Dynamics Differ Above, Below $150,000 a Year. The year ‑to ‑year volatility in people ’s incomes depends where they are on the income spectrum. For instance, for those earning above $150,000 (roughly the top 10  percent of filers in 2014), their aggregate incomes over the past 25  years had an AD of 14.2.
https://lao.ca.gov/Publications/Report/3703

The 2011-12 Budget: The Administration's Revenue Accrual Approach [Publication Details]

Jan 31, 2011 - In the administration's budget figures, this approach increases revenues available for the 2011-12 budget process by over $700 million and decreases the 2011-12 minimum funding guarantee for schools and community colleges by $1.5 billion below what it would have been otherwise.
https://lao.ca.gov/Publications/Detail/2420

The 2023-24 Budget: California's Film Tax Credit [Publication Details]

Feb 28, 2023 - The 2023-24 Budget: California's Film Tax Credit [Publication Details] Description: This brief surveys research on the economic effects of state film tax credits and analyzes the Governor's proposal to extend California's film tax credit for five years.
https://lao.ca.gov/Publications/Detail/4713

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Federal CT laws define a small business as a corporation or a partnership with a corporate partner that has annual gross receipts under $25  million. The changes in state law conform to federal changes regarding the definition of a small business made in 2017.
https://lao.ca.gov/Publications/Report/4100

The 2020-21 Budget: Expanding the Minimum Franchise Tax Exemption

Mar 23, 2020 - About 25  p ercent of new companies do not file a timely corporate tax return in their first year of business. We are concerned that the exemption itself may be confusing new companies that might infer that they are not required to file a tax return because they are exempt from the minimum franchise tax in their first year.
https://lao.ca.gov/Publications/Report/4207