The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - If the Legislature wants to make different decisions about this spending (without statutory changes or fund shifts), it can either: (1)  use the funds to make tax rebates and additional payments to schools, (2)  spend on other SAL-excluded purposes, or (3)  use the funds to reduce taxes.
https://lao.ca.gov/Publications/Report/4432

Taxes to fund public schools and colleges [Ballot]

Oct 25, 2017 - The vast majority of taxes used for the public education system comes from the state General Fund (revenues of which come primarily from personal income, but also sales taxes and other revenues) and local property taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-028

The 2018-19 Budget: County Assessor Funding

Feb 15, 2018 - Los Angeles and San Francisco Counties, in contrast, get a larger share of the countywide property tax and their schools receive smaller shares. Property Taxes Also Affect State Budget. Although the state receives no property tax revenue, property tax collection affects the state ’s budget.
https://lao.ca.gov/Publications/Report/3756

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Statutory Changes to Temporarily Change Process for Adjusting Cannabis Tax Rates. The California Department of Tax and Fee Administration (CDTFA) makes periodic, statutorily required adjustments to the rates for the state ’s two cannabis taxes: the retail excise tax and the cultivation tax.
https://lao.ca.gov/Publications/Report/4277

The 2023-24 Budget: CalWORKs

Feb 22, 2023 - Following a major realignment of state and local responsibilities in 1991, some funds generated by the state sales tax and vehicle license fee accrue to a special fund with a series of subaccounts which pay for a variety of health and human services programs.
https://lao.ca.gov/Publications/Report/4699

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - The net benefit calculation includes revenue gains from four major taxes —the personal income tax, the sales tax, the corporation tax, and the property tax —resulting from economic activity generated by the exemption.
https://lao.ca.gov/Publications/Report/3907

Why Are Home Sales a Useful Economic Indicator? [EconTax Blog]

Aug 23, 2018 - Personal income is the tax base for the state ’s largest source of tax revenue : the personal income tax. Home sales also are a good barometer for the strength of the state ’s housing markets. A major drop in home sales can signal that demand among homebuyers is weakening.
https://lao.ca.gov/LAOEconTax/Article/Detail/299

Evaluation of a Sales Tax Exemption for Certain Manufacturers [Publication Details]

Dec 11, 2018 - Evaluation of a Sales Tax Exemption for Certain Manufacturers [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3907

The 2020-21 Budget: The Fiscal Outlook for Schools and Community Colleges

Nov 20, 2019 - Compared to the estimates underlying the June 2019 b udget package, we estimate revenues from the state ’s three largest taxes —the personal income tax, the corporation tax, and the sales tax —are up almost $ 1 b illion in 2018 ‑19 and about $ 160 m illion in 2019 ‑20.
https://lao.ca.gov/Publications/Report/4113

Assessing Recent Changes to California Competes [Publication Details]

Mar 30, 2020 - Assessing Recent Changes to California Competes [Publication Details] Assessing Recent Changes to California Competes Format: HTML Description: California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Detail/4213