Income Tax Withholding Tracker: April 1 - April 26 [EconTax Blog]

Apr 26, 2021 - Income Tax Withholding Tracker: April 1 - April 26 [EconTax Blog] Income Tax Withholding Tracker: April 1 - April 26 April 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in April to date are 30.3 percent above April 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/644

The 2021-22 Budget: The Governor’s Proposition 2 Proposals

Apr 26, 2021 - Under Proposition  2, the state must continue to deposit funds into the BSA until it reaches a threshold balance of 10  percent of General Fund tax revenue. Once the BSA reaches this threshold, required deposits that would bring the fund above 10  percent of General Fund taxes instead must be spent on infrastructure.
https://lao.ca.gov/Publications/Report/4418

Early Budget Actions to Support In-Person K-12 Instruction and Address Learning Loss

Apr 23, 2021 - Funding is allocated to local education agencies (LEAs) —school districts, charter schools, and county offices of education —based on their share of total 2020 ‑21 Local Control Funding Formula (LCFF) allotments.
https://lao.ca.gov/Publications/Report/4417

The State Appropriations Limit

Apr 21, 2021 - For example, counties can use any of the following population adjustments in calculating their limits: ( 1)  t he change in population within the county, ( 2)  t he change in population in the county and all counties that have contiguous borders with it, or ( 3)  t he change in population within the incorporated portion of the county.
https://lao.ca.gov/Publications/Report/4416

Environmental Sustainability Education in Schools (Amendment #1). [Ballot]

Apr 20, 2021 - The state meets the minimum requirement by providing schools with funding from local property tax revenue and state tax revenue. Proposal Establishes Environmental Training Requirements for All Teachers and Students.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-002

Enhancing Federal Financial Participation for Consumers Served by the Department of Developmental Services—An Interim Update

Apr 19, 2021 - Counties Manage Medi-Cal Enrollment. While the DDS system manages waiver enrollment and 1915(i) SPA reimbursements to access federal funding once a DDS consumer is enrolled in Medi-Cal, county governments manage Medi-Cal eligibility determinations, including for DDS consumers.
https://lao.ca.gov/Publications/Report/4415

U.S. Retail Sales Update: March 2021 [EconTax Blog]

Apr 15, 2021 - March retail sales were nearly 10 percent above February and 28 percent above March 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/643

Improving Parolee Substance Use Disorder Treatment Through Medi-Cal

Apr 14, 2021 - Counties that opt into DMC ‑ODS also have the ability to propose county ‑specific rates that ensure they cover the costs of providing SUDT. This provides counties with greater flexibility to adjust their rates based on local costs —allowing counties in high cost areas to attract more providers.
https://lao.ca.gov/Publications/Report/4411

Tax Credit Expansions in the American Rescue Plan [Publication Details]

Apr 13, 2021 - Tax Credit Expansions in the American Rescue Plan [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/4410

Tax Credit Expansions in the American Rescue Plan

Apr 13, 2021 - Tax Credits Reduce Liability, Not Income. A credit is a tax provision that can be used to reduce a filer ’s final liability (amount of tax owed) after tax rates are applied. For example, the California income tax allows all single filers a personal exemption credit of $109.
https://lao.ca.gov/Publications/Report/4410