LAO Multiyear State Budget Outlook

May 19, 2017 - The differences in these outlooks are nearly entirely driven by different assumptions about how much revenue, in particular from the personal income tax (PIT), that state will collect over the next few years.
https://lao.ca.gov/Publications/Report/3675

The 2017-18 Budget: Overview of the Governor's May Revision Medi-Cal Budget Proposal

May 17, 2017 - These special funds include revenues from the managed care organization tax, the hospital quality assurance fee, and Proposition  56. A portion of these higher revenues reflect the timing of payments, rather than an increase in ongoing revenues.
https://lao.ca.gov/Publications/Report/3674

The 2017-18 Budget: The Governor's May Revision In-Home Supportive Services Cost-Sharing Proposal

May 16, 2017 - The proposal does not specify whether this determination would be made based on the growth in sales tax, VLF, or a combination. Sales Tax Forgiveness. Recently, the Department of Finance and others have identified issues in the Board of Equalization ’s distribution of sales tax revenue.
https://lao.ca.gov/Publications/Report/3671

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - Second, the state must set aside a portion of capital gains tax revenues that exceed a specified threshold (we refer to this as “excess capital gains taxes ”). The state must split these totals between debt payments and reserve deposits.
https://lao.ca.gov/Publications/Report/3673

The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - LAO Estimates of Property Tax Revenue Slightly Above May Revision Estimates. Compared with the administration ’s estimates of property tax revenue, our estimates are $96  million (0.5  percent) higher in 2016 ‑17 and $169  million (0.8  percent) higher in 2017 ‑18.
https://lao.ca.gov/Publications/Report/3670

The 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - Changes in federal tax policy could have some near –term benefit or costs to state tax revenues and taxpayers (and perhaps require new state tax legislation to conform to those federal policies). Other possible federal policy changes could affect the economy, reduce federal funding, or substantially increase state costs in future years.
https://lao.ca.gov/Publications/Report/3669

2017 May Revision: LAO Revenue Outlook [EconTax Blog]

May 12, 2017 - Insurance Gross Premiums Tax                       Lower Estimates of Revenue Loss Associated With Managed Care Organizations Deal. The 2016-17 budget package levied a special health care tax on managed care organizations (MCOs) for three years and exempted them from the CT and  the insurance tax  over the same period.
https://lao.ca.gov/LAOEconTax/Article/Detail/240

2017 May Revision: LAO Economic Outlook [EconTax Blog]

May 11, 2017 - Taxes. Various proposals could reduce business taxes and change individual income taxes in a number of ways. The President, for example, has proposed lowering marginal income tax rates and, at the same time, eliminating the deduction for state and local tax payments —a deduction that disproportionately benefits Californians, as well as residents of a few other states.
https://lao.ca.gov/LAOEconTax/Article/Detail/239

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program

Mar 27, 2017 - Did SCAPAP Increase Property Tax Revenues? Our Approach to Analyzing SCAPAP ’s Effect on Property Tax Revenues. Determining the effect of SCAPAP on property tax revenues is difficult because it is not possible to know how much revenue would have been collected in the absence of the program.
https://lao.ca.gov/Publications/Report/3632

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program [Publication Details]

Mar 27, 2017 - Under SCAPAP, the state allocated grants to eight county assessors’ offices to improve local administration of the property tax. In this report, we look at data from the first two years of SCAPAP and attempt to gauge the program’s effect on property tax revenues.
https://lao.ca.gov/Publications/Detail/3632