The 2018-19 Budget: The Administration’s Proposition 55 Estimates [Publication Details]

Mar 1, 2018 - Proposition 55 (2016) aimed to increase funding for Medi-Cal under a formula administered by the Department of Finance. In 2018-19, the first year of implementation of this calculation, the administration’s interpretations and estimates result in no additional funds to Medi-Cal. Two key choices lead to this result. First, the administration’s decision to subtract $3.
https://lao.ca.gov/Publications/Detail/3765

California Losing Residents Via Domestic Migration [EconTax Blog]

Feb 21, 2018 - The graph below shows data from the Internal Revenue Service on the movement of income tax filers in and out of California since 1990. (Data on tax filers does not cover the entire population because some people do not earn enough income to necessitate filing taxes.)
https://lao.ca.gov/LAOEconTax/Article/Detail/265

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - Tax Agency Reviews Credit Claims. If a business meets their agreement milestones, they may notify GO-Biz and claim the tax credit when they file their income taxes. After the business files their tax return, the Franchise Tax Board (FTB) reviews the tax credit agreement and supporting
https://lao.ca.gov/Publications/Report/3759

The 2018-19 Budget: California Competes Proposal [Publication Details]

Feb 21, 2018 - The Governor proposes extending the California Competes tax credit for five years. We recommend rejecting the administration’s proposal to extend the California Competes tax credit because of problems that are inherent in and unavoidable for these types of programs. If the Legislature chooses to extend California Competes, we offer several suggestions that may alleviate some of its problems.
https://lao.ca.gov/Publications/Detail/3759

The 2018-19 Budget: Department of General Services

Feb 20, 2018 - The proposed tenants of the new building include the California Department of Tax and Fee Administration (CDTFA); the Board of Equal ization (BOE); and various departments within the Business, Consumer Services, and Housing Agency (such as the Department of Consumer Affairs).
https://lao.ca.gov/Publications/Report/3758

The 2018-19 Budget: Analysis of the Health and Human Services Budget

Feb 16, 2018 - In 2011, the state enacted legislation known as 2011 r ealignment, which dedicated a portion of the state ’s sales tax to counties to administer CWS. The 2018 ‑ 19 b udget projects that nearly $2. 5  b illion will be available from realignment revenues to fund CWS programs in 2018 ‑19.
https://lao.ca.gov/Publications/Report/3757

The 2018-19 Budget: County Assessor Funding

Feb 15, 2018 - Los Angeles and San Francisco Counties, in contrast, get a larger share of the countywide property tax and their schools receive smaller shares. Property Taxes Also Affect State Budget. Although the state receives no property tax revenue, property tax collection affects the state ’s budget.
https://lao.ca.gov/Publications/Report/3756

The 2018-19 Budget: California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA)

Feb 15, 2018 - The 2018-19 Budget: California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) The 2018-19 Budget California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) CAEATFA is housed within the State Treasurer ’s Office and operates a variety of programs that provide financial assistance —such as tax exemptions, loans, and bonds —largely to entities developing technologies intended to reduce air pollution and conserve energy.
https://lao.ca.gov/Publications/Report/3755

The 2018-19 Budget: Administration of the 2017 Housing Package

Feb 8, 2018 - The program authorizes the issuance of bonds backed by personal income tax revenues raised under the Mental Health Services Act (Proposition  63 of 2004). Before these bonds can be issued, the state must complete a validation process whereby the courts determine whether issuance of the bonds is legal.
https://lao.ca.gov/Publications/Report/3746

The 2018-19 Budget: Transportation Proposals

Feb 8, 2018 - Moreover, Caltrans believes the pay ‑at ‑the ‑pump option has a key advantage over the options tested in the S B   1077 p ilot because drivers already are familiar with paying gas taxes when filling up at the pump.
https://lao.ca.gov/Publications/Report/3745