Property tax assessment. [Ballot]

Sep 8, 2017 - Property taxes are a major revenue source for local governments, raising nearly $60  billion annually. Although the state receives no property tax revenue, property tax collections affect the state ’s budget.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-011

Property tax assessment. [Ballot]

Sep 8, 2017 - Property taxes are a major revenue source for local governments, raising nearly $60  billion annually. Although the state receives no property tax revenue, property tax collections affect the state ’s budget.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-012

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - Importantly, this scenario assumes the federal government approves the managed care organization (MCO) tax and the state faces no major disasters over the next few years. (The MCO tax offsets General Fund costs in Medi ‑Cal but it requires federal approval.)
https://lao.ca.gov/Publications/Report/4111

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

Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - The most immediate effect of IPOs on state tax revenues is in the personal income tax from wage withholding —in particular, from the newly public companies ’ vesting of their restricted stock units. Proposition  2, which establishes rules for mandatory reserve deposits, includes a provision that captures surging capital gains-related tax revenues.
https://lao.ca.gov/Publications/Report/4051

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

Use of revenue raised by bonds or taxes approved by the voters. [Ballot]

Nov 17, 2017 - In other cases, state and local governments have more discretion over how to use bond proceeds or tax revenue approved by voters. Proposal Restricts Use of Bond and Tax Revenue. This measure restricts the use of voter-approved bond proceeds and tax revenue.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-034

COVID-19 and California’s Evolving Fiscal Outlook

Mar 18, 2020 - Volatile Financial Markets Indicate Lower Capital Gains-Related Tax Revenue Taxes on capital gains are a significant source of state revenue. Even in “normal ” times, capital gains income is difficult to forecast because it correlates with stock market performance.
https://lao.ca.gov/Publications/Report/4203

Homeowners’ and renters’ tax relief. [Ballot]

Nov 2, 2017 - Homeowners Also Receive a Property Tax Exemption. The State Constitution grants a $7,000 property tax exemption for owner-occupied housing. This exemption reduces a home ’s assessed value by $7,000, typically reducing the homeowner ’s tax payment by about $80  annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-032

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