The 2015-16 Budget: Major Features of the Adopted Plan (Health and Human Services)

Jun 19, 2015 - Establishes New Earned Income Tax Credit. The budget package includes $380  million General Fund for a new Earned Income Tax Credit, designed to increase the after –tax income of the state ’s workers with the lowest incomes.
https://lao.ca.gov/Publications/Report/3277

The 2019-20 Budget: California Spending Plan—Health and Human Services [Publication Details]

Oct 17, 2019 - Major health-related policy actions include the reauthorization of a tax on managed care organizations (which will reduce the above-noted General Fund health spending by $1 billion, pending federal approval) and over $400 million General Fund for state-funded subsidies for health insurance purchased on the individual market through Covered California.
https://lao.ca.gov/Publications/Detail/4104

May personal income taxes finish $550 million above Governor's projection

Jun 5, 2013 - May personal income taxes finish $550 million above Governor's projection May personal income taxes finish $550 million above Governor's projection Program: Provides update on May 2013 personal income tax collections.
https://lao.ca.gov/Recommendations/Details/772

California revenues on track to be over $2 billion under administration target for April

Apr 25, 2012 - April is a key month for the state ’s personal income tax (PIT) and corporation tax (CT) collections. April collections of these taxes by the Franchise Tax Board (FTB) and the Employment Development Department (EDD) are nearing their conclusion.
https://lao.ca.gov/Recommendations/Details/588

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Amends Tax Collection Provisions. Requires all the cannabis excise taxes —including the excise taxes on cultivation and retail sales —to be remitted by the cannabis distributor. Clarifies that this tax collection will happen when the product enters the commercial market (after the product complies with quality assurance).
https://lao.ca.gov/Publications/Report/3694/12

The 2019-20 Budget: California Spending Plan—Judiciary and Criminal Justice

Oct 17, 2019 - The budget plan also assumes that BSCC will receive $26  million in cannabis tax revenue for competitive grants to local governments to assist with public health and safety programs related to cannabis.
https://lao.ca.gov/Publications/Report/4097

The 2022-23 Budget: Office of Planning and Research Budget Proposals

Feb 9, 2022 - To raise awareness of the Golden State Stimulus (GSS) and the California Earned Income Tax Credit (CalEITC) programs, the Franchise Tax Board, in partnership with the Department of Community Services and Development (CSD), award grants to CBOs for education and outreach activities.
https://lao.ca.gov/Publications/Report/4523

Frequently asked questions concerning Facebook and California's General Fund

Aug 1, 2012 - Moreover, it takes many months for data concerning a tax year's payments to be processed by the state's tax agencies. At some point in the future, for these and other reasons, state revenue estimates likely will change to display Facebook-related revenues as simply "lumped in" with the state's other taxes.
https://lao.ca.gov/Recommendations/Details/618

Income taxes reportedly over $2 billion below administration's estimate for April

May 1, 2012 - Income taxes reportedly over $2 billion below administration's estimate for April Income taxes reportedly over $2 billion below administration's estimate for April Program: This is an update on 2011-12 year-to-date state personal income tax and corporation tax collections.
https://lao.ca.gov/Recommendations/Details/592

Background information on LAO's May 2012 economic and revenue forecasts

May 18, 2012 - One key assumption is that Congress and the President will agree, in effect, to extend the “Bush tax cuts,” payroll tax cuts, and certain current-law deadlines related to budget sequestration cuts for federal domestic and defense programs.
https://lao.ca.gov/Recommendations/Details/599