The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new information technology overhaul
https://lao.ca.gov/Publications/Report/4788/4

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

Jan 21, 2022 - We currently project that there is a strong chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $184.6 billion in 2021-22.
https://lao.ca.gov/LAOEconTax/Article/Detail/722

The 2021-22 Budget: Department of Toxic Substances Control

Mar 19, 2021 - For example, should there be a sunset date for tax exemptions on midsized  businesses? Adopt a Tax Package That Raises Sufficient Revenues to Pay for Desired Expenditures. To address the ongoing structural imbalance, we recommend the Legislature adopt a tax structure for TSCA that aligns with its expenditure priorities.
https://lao.ca.gov/Publications/Report/4406

Cannabis Tax Revenue Update [EconTax Blog]

Aug 19, 2020 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/524

High-quality public education (Version 1). [Ballot]

May 16, 2023 - The remaining funding is from a combination of local property taxes and federal funding. State Law Regulates School Operations in Many Areas. For example, the law requires school district students to take standardized tests in several subjects, specifies the courses that students must complete to earn a high school dipl oma, and specifies the reasons a district may suspend or expel a student.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-001

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

California gaming activities. [Ballot]

Oct 1, 2021 - Imposes Sports Wagering Tax and Payments. The measure imposes a 15 percent tax on entities offering sports wagering. This tax is applied to the amount of sports wagers made after deducting any payouts of winnings.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-009

May Revision: Earned Income Tax Credit Proposal [EconTax Blog]

May 17, 2015 - As part of the May Revision, the Governor has proposed to implement an earned income tax credit (EITC) that would increase the after-tax income of low-income workers. The proposed EITC is similar to Option 2 that we presented in our December 2014 report — Options for a State Earned Income Tax Credit .
https://lao.ca.gov/LAOEconTax/Article/Detail/107

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Our estimate of the total Proposition  98 spending on schools and community colleges in 2022 ‑23 is $106.7  billion ($78.6  billion from the General Fund and $28.1  billion from local property taxes).
https://lao.ca.gov/Publications/Report/4646

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - For a number of years, the state has imposed a tax on managed care organizations’ (MCOs’) Medi‑Cal and commercial lines of business. We assume the state’s MCO tax expires midway through 2022‑23, consistent with current law.
https://lao.ca.gov/Publications/Report/4472