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How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - In general, when a home is transferred to a new owner, its taxable value is reset to its purchase price. California voters, however, passed Proposition  58 in 1986, which amended the California Constitution to exempt transfers between parents and children (and later grandparents and grandchildren under certain circumstances under Proposition  193 [1996]) from revaluation.
https://lao.ca.gov/Publications/Report/3693

How Will Aging Baby Boomers Affect Future Property Tax Revenues? [Publication Details]

Jun 20, 2017 - In the coming years, more and more aging homeowners likely will look to sell their homes. This surge in sales should boost local government property tax collections. These potential property tax gains are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.
https://lao.ca.gov/Publications/Detail/3693

Overview of the 2017 Transportation Funding Package

Jun 8, 2017 - California ’s 58 counties and 482 cities own and maintain these streets and roads. They also operate and maintain other aspects of their local street and road systems, such as traffic signals and storm drains.
https://lao.ca.gov/Publications/Report/3688

The 2017-18 Budget: Overview of the Governor's May Revision Medi-Cal Budget Proposal

May 17, 2017 - Much of this reduction is attributable to shifts in hospital quality assurance fee payments and intergovernmental transfer payments to public hospitals from 2015 ‑16 and the first half of 2016 ‑17 into 2017 ‑18, as well as to higher than anticipated prescription drug rebates in 2016 ‑17.
https://lao.ca.gov/Publications/Report/3674

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - The PMIA holds funds on behalf of the state, as well as cities, counties, and other local entities in the separate Local Agency Investment Fund (LAIF). As of the quarter that ended in March  2017, the balance of the PMIA was roughly $70  billion.
https://lao.ca.gov/Publications/Report/3673

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

May 13, 2017 - Other revenues and transfers account for the remainder of the $2.4 billion increase in revenues and transfers (excluding the BSA deposit). Required Reserve Deposits and Debt Payments Up $1.2 Billion.
https://lao.ca.gov/Publications/Report/3669

2017 May Revision: LAO Revenue Outlook [EconTax Blog]

May 12, 2017 - Our estimates of General Fund revenues and transfers are slightly above those of the administration —nearly $900 million over 2015-16, 2016-17, and 2017-18 combined. LAO May Revenue Outlook Figure 1 presents our General Fund revenue outlook for 2015-16 through 2020-21.
https://lao.ca.gov/LAOEconTax/Article/Detail/240

Legislative districts. [Ballot]

Apr 13, 2017 - In addition, the commission is required, to the extent possible, to adopt district boundaries that: Maintain the geographic integrity of any city, county, neighborhood, and community of interest in a single district.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-002

The 2017‑18 Budget: Implementation of Proposition 57

Apr 6, 2017 - Proposition  57 changed statute to require that all youths have a hearing in juvenile court before they can be transferred to adult court. As a result, prosecutors can no longer file charges directly in adult court and no youths can have their cases heard in adult court on a mandatory basis due to the circumstances of the offense.
https://lao.ca.gov/Publications/Report/3648

Department of Toxic Substances Control: Performance Improvement Initiatives Merit Oversight

Apr 4, 2017 - In 2000, Exide Technologies purchased a lead-acid battery recycling facility in the City of Vernon that had been operating since 1922. The facility ceased operations in 2014 when DTSC notified Exide that its application for a new permit would be denied.
https://lao.ca.gov/Publications/Report/3644