The 2019-20 Budget: Tax Conformity [Publication Details]

Mar 6, 2019 - Because the state’s income tax laws closely refer to large portions of federal law, many of those changes created new differences between federal and state taxes. State law currently does not adopt—or conform to—any of the federal changes made in 2017.
https://lao.ca.gov/Publications/Detail/3959

The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion [Publication Details]

Mar 6, 2019 - The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion [Publication Details] The 2019-20 Budget: Analysis of Proposed Earned Income Tax Credit Expansion Format: HTML Description: The state adopted an EITC in 2015 and expanded it in 2017 and 2018.
https://lao.ca.gov/Publications/Detail/3960

The 2019-20 Budget: Proposition 56 Revenues: Reductions in Fixed Allocations

Feb 14, 2019 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/3939

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - (The budget for CSU includes an additional $ 64  m illion ongoing to cover higher retiree health benefit and pension costs.) For UC, $ 200  m illion of its ongoing augmentation is intended to cover increases in operating costs (including some employee compensation costs), student success initiatives, student hunger and housing initiatives, mental health services, and 2018 ‑ 19 e nrollment.
https://lao.ca.gov/Publications/Report/3916

The 2019-20 Budget: Overview of the Governor's Budget [Publication Details]

Jan 14, 2019 - Although the Governor’s allocation to discretionary reserves represents a smaller share of resources than recent budgets, the Governor’s decision to use a significant share of resources to pay down state debts is prudent.
https://lao.ca.gov/Publications/Detail/3916

Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - As discussed elsewhere in this report, reductions in out ‑of ‑state production likely offset a large share of the increase in in ‑state production, so this assumption likely overstates the net global increase.
https://lao.ca.gov/Publications/Report/3907

Cal Facts 2018 [Publication Details]

Dec 6, 2018 - With a state as big, as populous, and as complex as California, quickly summarizing how its economy or state budget works is impossible. Instead, Cal Facts is a visual guide—using a variety of different charts—to the state's economy, revenues, and major program trends.
https://lao.ca.gov/Publications/Detail/3905

Taxation of Sugary Drinks

Nov 26, 2018 - This information already appears on federally mandated nutrition labels, so a sugar ‑based or tiered tax likely would be feasible at the state level. Local governments have less tax administration capacity than the state, so their ability to administer such a tax is less clear.
https://lao.ca.gov/Publications/Report/3903

Taxation of Sugary Drinks [Publication Details]

Nov 26, 2018 - The law stated the Legislature’s intent to regulate the imposition and collection of such taxes to the exclusion of local action. As such, the Legislature may face the following decisions: (1) Should the state levy an excise tax on sugary drinks?
https://lao.ca.gov/Publications/Detail/3903

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - The state charges a flat, simple interest rate of 7  p ercent on PTP accounts. Before the program was suspended, the state charged a rate that varied based on the rate of return in the state ’s checking account, known as the Pooled Money Investment Account.
https://lao.ca.gov/Publications/Report/3885