The 2017-18 Budget: Governor's Gann Limit Proposal [Publication Details]

Mar 2, 2017 - Under the State Constitution, state tax revenues in excess of the Prop 4 (1979) state appropriations limit, or Gann Limit, must be split between taxpayer rebates and additional school spending. The Governor now proposes a new calculation methodology that creates $22 billion in additional state spending capacity.
https://lao.ca.gov/Publications/Detail/3596

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - LAO Recommendations Approve GO-Biz Funding For One Year. The administration ’s proposal for $1.2 million General Fund per year for three years is not justified given that the bulk of the program ’s workload will end next year under current law.
https://lao.ca.gov/Publications/Report/3586

The 2017-18 Budget: An Overview of the Governor's Proposition 56 Proposals

Feb 22, 2017 - Taken at face value, voter approval of Proposition 56 arguably demonstrates a desire to increase funding to Medi‑Cal beyond year‑to‑year growth in the program absent policy changes. The Governor’s proposal, by contrast, uses the new revenues to pay for typical year‑to‑year cost increases in Medi‑Cal.
https://lao.ca.gov/Publications/Report/3573

Volatility of the Personal Income Tax Base

Feb 8, 2017 - This fund supports schools, universities, major health and social services programs, prisons, and other state ‑funded programs. In this brief, we compare the PIT tax base to personal income, a broad measure of the state ’s economy produced by the U.S.
https://lao.ca.gov/Publications/Report/3548

Income Mobility in California Across Generations

Jan 4, 2017 - Better Performance on Some School Metrics. Places that produce greater mobility tend to have schools with higher student test scores, lower student dropout rates, smaller class sizes, and more expenditures per student.
https://lao.ca.gov/Publications/Report/3518

Statewide Minimum Wage Increasing in January

Dec 6, 2016 - They will apply to employers with fewer than 26 employees one year later.) Most Local Minimum Wages Are Slightly Narrower Than The State ’s. Very few employees are exempt from the statewide minimum wage.
https://lao.ca.gov/Publications/Report/3512

Statewide Minimum Wage Increasing in January [Publication Details]

Dec 6, 2016 - A new law passed in 2016 (SB 3 [Leno]) will increase California’s statewide minimum wage over a period of several years. The first increase will occur on January 1, 2017.
https://lao.ca.gov/Publications/Detail/3512

California’s First Film Tax Credit Program

Sep 29, 2016 - We expect the General Fund revenue reductions will peak in 2018 –19 at just under $110  million, as we show in Figure  8, before tapering off in later years. Tax credits could continue to be claimed until as late as fiscal year 2024 –25 , as taxpayers can carry credits forward for up to five years if they have insufficient tax liability to use them earlier.
https://lao.ca.gov/Publications/Report/3502

Common Claims About Proposition 13

Sep 19, 2016 - This effect is larger when the difference in ownership tenure is greater: prope rties owned one to five years longer than their neighbors were 25  percent less likely to be developed, compared to 69  percent for properties owned for 20 to 25 years longer.
https://lao.ca.gov/Publications/Report/3497

Options for Modifying the State Child Care Tax Credit

Apr 7, 2016 - Proposition  98 establishes a minimum funding guarantee for schools and community colleges that is in part based on state revenue. When state revenue decreases, it is usually the case that required spending on schools decreases as well.
https://lao.ca.gov/Publications/Report/3417