A History of California’s Budget Reserves

Mar 24, 2017 - State revenues, particularly those from the personal income tax (PIT), are volatile . In particular, the PIT tax base includes capital gains (gains on the sale of stocks, bonds, certain homes, and other assets), which vary considerably from year to year.
https://lao.ca.gov/Publications/Report/3630

Update on Los Angeles’ Bid for the 2024 Olympics

Mar 23, 2017 - Nevertheless, improvements are ongoing to the Los  Angeles area transportation system, like those funded from the recently approved county sales tax measure (Measure M). LA  2024 ’s bid documents highlight that these new improvements —including improvements like those listed in the February  7 letter from the Governor ’s Office —will aid the region in hosting the Games.
https://lao.ca.gov/Publications/Report/3622

The 2017-18 Budget: Analysis of Child Care and Preschool Proposals

Mar 16, 2017 - (First  5 California is an independent state commission funded with cigarette tax revenue. It is charged with spending a certain amount on child care and school readiness activities.) In addition, the state designated $24  million on a one ‑time basis for infant and toddler QRIS in 2015 ‑16, with a three ‑year allowable expenditure window extending through 2017 ‑18.
https://lao.ca.gov/Publications/Report/3618

Savings Plus Program: An Optional Retirement Benefit for State Employees

Mar 14, 2017 - During the career of employees in Social Security, both the employer and employee pay taxes on earnings. In 2017, both the employee and the state pay 6.2  percent of the employee ’s pay. Payroll taxes are not applied to earnings above a wage limit —$127,200 in 2017.
https://lao.ca.gov/Publications/Report/3616

January 2017 State Jobs Report [EconTax Blog]

Mar 9, 2017 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/235

The 2017-18 Budget: Analysis of the Medi-Cal Budget

Mar 9, 2017 - The three major sources of higher special fund spending in Medi ‑Cal in 2017 ‑18 are (1)  Proposition  56 tobacco excise tax revenues dedicated to Medi ‑Cal, (2)  managed care organization tax revenues, and (3)  hospital quality assurance fee revenues.
https://lao.ca.gov/Publications/Report/3612

Do Communities Adequately Plan for Housing?

Mar 8, 2017 - Alter Allocation of Local Taxes. The Legislature also could consider reallocating local government tax revenues —particularly property or sales taxes —so that these allocations better reflect population growth.
https://lao.ca.gov/Publications/Report/3605

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - BOE administers the sales and use tax (SUT) and many smaller tax and fee programs, promulgates related regulations, and adjudicates tax disputes and appeals. BOE ’s Use of Resources Background State Laws Address Board Members ’ Use of Resources.
https://lao.ca.gov/Publications/Report/3609

The 2017-18 Budget: The Board of Equalization [Publication Details]

Mar 7, 2017 - In this analysis, we discuss three aspects of the State Board of Equalization’s (BOE’s) budget: (1) resources redirected to board members; (2) the administration’s 2017-18 budget proposal for BOE’s major IT project; and (3) the administration’s 2017-18 budget proposals for BOE’s tobacco tax and licensing programs.
https://lao.ca.gov/Publications/Detail/3609

Recap: December 2016 State Jobs Report [EconTax Blog]

Mar 3, 2017 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.
https://lao.ca.gov/LAOEconTax/Article/Detail/231