The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - The Legislature can respond to excess revenues by (1)  lowering tax revenues, (2) splitting the excess between taxpayer rebates and one ‑time payments to school and community college districts, or (3) appropriating more money for purposes excluded from the limit.
https://lao.ca.gov/Publications/Report/4473

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Assumed Expiration of the MCO Tax Reauthorization of the MCO Tax Would Generate Billions of Dollars in General Fund Savings Beginning in 2023 ‑24. The MCO tax generates annual General Fund savings in Medi ‑Cal of $1.5 billion or more for each year it is in effect.
https://lao.ca.gov/Publications/Report/4474

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

Nov 16, 2021 - U.S. retail sales (seasonally adjusted) grew 1.7 percent from September to October. Retail sales remain elevated due to dramatic growth in January and March.
https://lao.ca.gov/LAOEconTax/Article/Detail/713

Housing affordability and property taxes. [Ballot]

Nov 12, 2021 - Counties Manage the Property Tax. County assessors determine the taxable value of property. County tax collectors bill property owners and collect payments. County auditors distribute tax revenue to local governme nts.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-023

Enhancing Federal Financial Participation for Consumers Served by the Department of Developmental Services

Nov 9, 2021 - While DDS and RCs use the phrase “institutional deeming, ” the county and Medi ‑Cal Eligibility Procedures Manual typically use “DDS waiver ” or “DD waiver. ” Communication Between Counties and RCs. Although the referral form that RCs send to counties indicate that the county should send a notification back to the RC when the
https://lao.ca.gov/Publications/Report/4471

Taxing very high-income taxpayers and dedicating revenues to pandemic prevention. [Ballot]

Nov 5, 2021 - The California Departmen t of Public Health (CDPH) works closely with the state ’s 61 local public health departments (58 county and three city departments) to promote public health across California.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-022

Voting in California. [Ballot]

Nov 4, 2021 - Require County Election Officials to Evaluate Wait Times. The measure would require county election officials to evaluate wait times for voting in person in each election. The measure would require that these reports be made public and i nclude actions the county intends to take, consistent with federal law, to address any unreasonably long wait times.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-021

Income Tax Withholding Tracker: October 1 - October 31 [EconTax Blog]

Nov 3, 2021 - Income Tax Withholding Tracker: October 1 - October 31 [EconTax Blog] Income Tax Withholding Tracker: October 1 - October 31 November 3, 2021 Brian Uhler Bottom Line:   California income tax withholding collections in October were 8.2 percent above October 2020, and collections to date in fiscal year 2021-22 are 20.2 percent above 2020-21.
https://lao.ca.gov/LAOEconTax/Article/Detail/710

Building Permits Update: September 2021 [EconTax Blog]

Nov 1, 2021 - Los Angeles County led as usual with 1,197 units, far ahead of Contra Costa with 413, San Diego with 372, and (uncharacteristically) Yolo with 285. No other county broke 200 units. Nonresidential construction permit activity remains very weak.
https://lao.ca.gov/LAOEconTax/Article/Detail/709

The 2021-22 Spending Plan: Housing and Homelessness

Oct 29, 2021 - Specifically, to expedite construction of projects that have successfully acquired some state funding, this program provides accelerated funding in lieu of waiting for state tax credits. Project Roomkey.
https://lao.ca.gov/Publications/Report/4468