The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - The Constitution allows refunds of taxes to be excluded from appropriations subject to limit (see: Section 8(a) of Article XIIIB of the California Constitution). As a result, these types of tax refunds are scored as spending rather than revenue reductions.
https://lao.ca.gov/Publications/Report/4631

The 2023-24 Budget: Medi-Cal Fiscal Outlook

Nov 16, 2022 - The current MCO tax has been in place since January 2020 and is scheduled under current law to end in December 2022. We project the end of this tax will increase General Fund spending by $1.5 billion in 2023‑24.
https://lao.ca.gov/Publications/Report/4649

The 2023-24 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Nov 16, 2022 - This brief provides our annual fiscal outlook for General Fund spending in Medi-Cal. It summarizes our projections, describes the major factors driving our projections, and highlights several uncertainties.
https://lao.ca.gov/Publications/Detail/4649

The 2017-18 Budget: Cap-and-Trade [Publication Details]

Feb 13, 2017 - We also recommend the Legislature approve cap-and-trade (or carbon tax) with a two-thirds vote because it would provide greater legal certainty and ensure ARB has the ability to design an effective program.
https://lao.ca.gov/Publications/Detail/3553

The 2017-18 Budget: Cap-and-Trade

Feb 13, 2017 - Opportunities to Reduce Taxes. Auction revenue can be used to provide economic benefits. For example, in theory revenue could be used to reduce broad ‑based taxes (such as income or sales taxes), which could help reduce negative impact on economic activity.
https://lao.ca.gov/Publications/Report/3553

Psilocybin legalization. [Ballot]

Sep 1, 2021 - The amount of sales tax revenue collected would depend on the portion of sales that are not for medical, therapeutic, religious, or spiritual purposes, which would be exempt from sales tax under the measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-005

The 2023-24 Budget: County Probation Grants to Support Temporary Increase in the Supervision Population

Feb 23, 2023 - The 2011 realignment shifted a portion of annual state sales tax revenue —which is expected to be nearly $2  billion in 2023 ‑24 —to counties to support the PRCS population as well as other adult criminal justice populations that were realigned in 2011.
https://lao.ca.gov/Publications/Report/4703

Online sports wagering. [Ballot]

Oct 20, 2021 - The measure also imposes a 10  percent tax on entities offering online sports wagering. This tax is applied to the amount of sports wagers made after deducting (1)  any wagers made with free bets or promotional credits (such as a wager made with funds provided by a gaming operator to a player as a promotion), (2)  players ’ winnings and prizes, and (3)  all federal gaming taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-017

2021-22 “Big Three” Revenue Outlook Update: February 2022 [EconTax Blog]

Feb 17, 2022 - We currently project that there is a very good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $185 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/725

Creating a new online university administered by the University of California (UC). [Ballot]

Dec 26, 2023 - (CCC also relies on local property tax revenue to cover these costs.) Figure 2 provides key fiscal information for each segment. In 2022-23, the three segments together received a total of $18.6 billion in state General Fund support and a total of $8.6 billion in student tuition revenue.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-034