The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The legislation increases existing fuel taxes and creates two new vehicle charges to support existing and new transportation programs. It also repays monies loaned in the past to the General Fund from various transportation accounts.
https://lao.ca.gov/Publications/Report/3694/10

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Amends Tax Collection Provisions. Requires all the cannabis excise taxes —including the excise taxes on cultivation and retail sales —to be remitted by the cannabis distributor. Clarifies that this tax collection will happen when the product enters the commercial market (after the product complies with quality assurance).
https://lao.ca.gov/Publications/Report/3694/12

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Relative to January, the administration ’s estimates of revenues associated with the “Big Three ” state taxes were up $2.1  billion across 2015 ‑16, 2016 ‑17, and 2017 ‑18 combined. In addition to required spending increases under the Proposition  98 minimum guarantee, the May Revision proposed a discretionary increase of $1.6  billion for schools and community colleges across the three fiscal years.
https://lao.ca.gov/Publications/Report/3694/2

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - This is primarily due to (1)  $52  million in increased revenue to the State Parks and Recreation Fund (SPRF) under Chapter  5 of 2017 (SB  1, Beall), which directed any additional revenue from increased motor vehicle fuel tax revenue attributable to off ‑highway recreational vehicles to SPRF; (2)  one ‑time Proposition  40 (2002) funding of $26  million for local assistance
https://lao.ca.gov/Publications/Report/3694/9

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - As required by Proposition  56 (2016), the budget provides $32  million in new cigarette tax revenue to support tobacco use prevention education in California schools. The funds are to be allocated in accordance with the existing Tobacco Use Prevention Education program administered by CDE.
https://lao.ca.gov/Publications/Report/3694/3

Impose new standards for confining certain farm animals. [Ballot]

Oct 18, 2017 - To the extent that these higher production costs cause some fa rmers to exit the business or otherwise reduce overall production and profitability, there could be reduced state and local tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-026

Online education at the University of California. [Ballot]

Oct 17, 2017 - The other public segments also receive state funding and tuition and fee revenue, with community colleges additionally receiving local property tax revenue. Tuition Charges Vary at Each Segment. Tuition charges are the highest at UC and the lowest at CCC.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-025

Psilocybin legalization. [Ballot]

Oct 16, 2017 - State and local governments could receive additional revenues, such as sales taxes from psilocybin sales permitted under this measure. This is because many individuals who are curr ently purchasing psilocybin illegally could begin purchasing it legally under state law at businesses that collect sales taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-024

State sales tax and teacher compensation. [Ballot]

Oct 11, 2017 - The guaranteed funding is provided through a combination local property tax revenues and th e state General Fund (consisting primarily of personal income tax, state sales and use tax, and corporation tax revenue).
https://lao.ca.gov/BallotAnalysis/Initiative/2017-021

The Property Tax Inheritance Exclusion

Oct 9, 2017 - The Property Tax Inheritance Exclusion The Property Tax Inheritance Exclusion Summary Ownership Changes Trigger Higher Tax Bills. Under California ’s property tax system, the change in ownership of a property is an important event.
https://lao.ca.gov/Publications/Report/3706