Cannabis Tax Revenue Update [EconTax Blog]

May 23, 2019 - 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/376

Proposition 6 [Ballot]

Nov 6, 2018 - The voters —through the initiative process —can pass new taxes or increase existing taxes without the Legislature ’s involvement. State Fuel and Vehicle Taxes Fuel Taxes. The state charges excise taxes on gasoline and diesel fuel.
https://lao.ca.gov/BallotAnalysis/Proposition?number=6&year=2018

Evaluating State Economic Stimulus Proposals [Publication Details]

Feb 1, 2021 - In this report, we offer the Legislature guidance on how to evaluate fiscal stimulus proposals. We pose six key questions to ask when assessing specific proposals and provide specific elements that can be incorporated into proposals to increase their potential effectiveness.
https://lao.ca.gov/Publications/Detail/4331

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - UC Law SF indicates that the remaining project costs will be split between conventional debt ‑financing ($103  million) and the historic tax credit equity program ($37  million), which is a federal program focused on the rehabilitation of certified historic buildings.
https://lao.ca.gov/Publications/Report/4732

Proposition 5 [Ballot]

Nov 6, 2018 - Other Taxes on Home Purchases.   Cities and counties collect taxes on the transfer of homes and other real estate. Statewide, transfer taxes raise around $1  billion for cities and counties. Counties Administer the Property Tax.  
https://lao.ca.gov/BallotAnalysis/Proposition?number=5&year=2018

Proposed statutory initiative related to the cultivation, sale, and use of cannabis. [Ballot]

Oct 8, 2019 - Reduction in State and Local Tax Revenues Due to Limits on Taxes. The measure would result in lower state and local tax revenues, likely in the mid-to-high hundreds of millions of dollars annually. This net reduction in tax revenue is driven prim arily by two factors.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-010

Proposed statutory initiative related to the cultivation, sale, and use of cannabis. [Ballot]

Oct 8, 2019 - Reduction in State and Local Tax Revenues Due to Limits on Taxes. The measure would result in lower state and local tax revenues, likely in the mid-to-high hundreds of millions of dollars annually. This net reduction in tax revenue is driven prim arily by two factors.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-011

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - When combined with slightly smaller increases in the local property tax portion of Proposition  98, overall growth in school and community college funding would average around 4.6  percent annually. Operating Deficits Average $18   Billion Annually Under LAO Estimates.
https://lao.ca.gov/Publications/Report/4772

An Update on California’s Cash Management Situation

Aug 31, 2020 - Agency Cash Versus Controller ’s Cash The state ’s main tax revenue agencies (namely, the Franchise Tax Board and the California Department of Tax and Fee Administration) collect tax payments and then transmit those payments to the State Controller ’s Office.
https://lao.ca.gov/Publications/Report/4266

The 2021-22 Spending Plan: Human Services

Nov 22, 2021 - While the executive order was set to expire on July 30, 2021, the spending plan includes language that permanently maintains the prioritization of directing federal tax offsets to families above the government.
https://lao.ca.gov/Publications/Report/4476/5