The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - In conjunction with SB  1, the Legislature passed separate legislation to amend the 2016 ‑17 budget to provide an additional $927  million from various existing fund sources for specific transportation projects located in Riverside County and certain parts of the Central Valley.
https://lao.ca.gov/Publications/Report/3694/10

With New Deficits Looming, California Will Weigh its Options for Allocating a Large Revenue Windfall

Dec 1, 2020 - Because this group accounts for a large portion of the state ’s tax revenues, tax collections proved to be somewhat insulated from the initial downturn. In fact, our revenue estimate for 2021 ‑22 now is very similar to what the Governor projected in his January 2020 (pre-pandemic) budget proposal.
https://lao.ca.gov/Publications/Report/4305

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - At the same time, federal tax law typically influences people ’s choices more than state tax law because federal tax rates are higher. This means that at least some of the investment receiving California tax benefits would happen anyway in response to the federal tax benefit.
https://lao.ca.gov/Publications/Report/4038

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - This decrease is primarily due additional one ‑time fire ‑fighting costs provided in 2017 ‑18, particularly for the large fires that occurred in Sonoma and Napa Counties in October 2017 and in Ventura County in December 2017.
https://lao.ca.gov/Publications/Report/3870/9

An Update on California’s Cash Management Situation

Aug 31, 2020 - Agency Cash Versus Controller ’s Cash The state ’s main tax revenue agencies (namely, the Franchise Tax Board and the California Department of Tax and Fee Administration) collect tax payments and then transmit those payments to the State Controller ’s Office.
https://lao.ca.gov/Publications/Report/4266

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - Revenues from taxes and fees are the major sources of available resources. The three largest sources of state revenues are the personal income tax (PIT), sales tax, and corporation tax. While some revenue sources, like the sales tax, grow relatively steadily from one year to the next, the PIT is quite volatile —in most years growing by billions of dollars and in some years shrinking by billions of dollars.
https://lao.ca.gov/Publications/Report/3925

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The budget includes a $20  million one ‑time General Fund augmentation to support a four ‑year violence reduction pilot project in Orange County. In addition, the budget includes a one ‑time $11  million General Fund augmentation  to assist counties with a temporary increase in the population supervised by county probation departments due to the release of prison inmates as a result of Proposition  57.
https://lao.ca.gov/Publications/Report/3694/11

The 2021-22 Budget: California's Fiscal Outlook

Nov 18, 2020 - Recent Data on Tax Collections and Expenditures Consistent With Economic Picture. Recent data on actual tax collections and program caseloads have been consistent with a more positive economic picture, especially among high ‑income Californians.
https://lao.ca.gov/Publications/Report/4297

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - All of our revenue estimates use the administration’s assumptions for the effects of conforming to certain federal tax law changes and expanding the Earned Income Tax Credit. Personal Income Tax (PIT) PIT Growth Remains Steady.
https://lao.ca.gov/Publications/Report/4037

Federal Spending in California

Jan 18, 2017 - In these posts, we display total federal expenditures by major program, recipient, and county. We also compare federal expenditures in California to other states. Direct Federal Expenditures to Individuals, Private Entities, and Universities.
https://lao.ca.gov/Publications/Report/3531