Cal Facts: 2016

Dec 5, 2016 - Local transportation funding sources include local sales taxes, transit fares, development impact fees, and property taxes. About one-fifth of the state ’s transportation funding comes from the federal government, supported primarily by federal excise taxes on diesel and gasoline.
https://lao.ca.gov/Publications/Report/3511/6

Cal Facts: 2016

Dec 5, 2016 - The federal loans are estimated to be repaid in 2018, in part due to temporarily increased revenues from federal UI taxes paid by employers. However, absent an ongoing increase in revenues and/or reduction in benefits, the trust fund risks returning to insolvency in a future economic downturn.
https://lao.ca.gov/Publications/Report/3511/7

Cal Facts: 2016

Dec 5, 2016 - Cal Facts: 2016 Limits property tax rates and assessment increases. Establishes vote requirement for certain taxes. 4 (1979) Sets annual state and local spending caps. Requires state to reimburse local governments for some state mandates. 98 (1988) Establishes minimum funding requirement for schools and community colleges. 172 (1993) Imposes half-cent sales
https://lao.ca.gov/Publications/Report/3511/1

November 2016 State Tax Collections [EconTax Blog]

Dec 2, 2016 - November 2016 State Tax Collections [EconTax Blog] Seth Kerstein We now have preliminary information from the state 's tax agencies on November 2016 state tax collections--specifically, the state 's "Big Three " General Fund taxes: the personal income tax (PIT), the corporation tax (CT), and the sales and use tax (SUT).
https://lao.ca.gov/LAOEconTax/Article/Detail/219

October 2016 State Jobs Report [EconTax Blog]

Dec 1, 2016 - Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/203

Fiscal Outlook: Examining Property Tax Growth Rates [EconTax Blog]

Nov 16, 2016 - Fiscal Outlook: Examining Property Tax Growth Rates [EconTax Blog] Fiscal Outlook: Examining Property Tax Growth Rates November 16, 2016 Brian Uhler Property taxes affect the level of required state (as compared to local) spending for schools, as we discuss in our new Fiscal Outlook .
https://lao.ca.gov/LAOEconTax/Article/Detail/215

The 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - Under our current projections, assuming no changes in existing state and federal policies, we estimate the state will end the 2017-18 fiscal year with $11.5 billion in total reserves. This includes $8.7 billion in required reserves, which must be deposited into the rainy day fund, and $2.8 billion in discretionary reserves, which the Legislature can appropriate for any purpose.
https://lao.ca.gov/Publications/Report/3507/1

Fiscal Outlook Supplement on Proposition 2

Nov 16, 2016 - Under Proposition 2, the state must deposit money into the BSA until its total reaches a maximum amount of 10 percent of General Fund taxes. In our outlook, this ceiling increases from about $12.3 billion in 2016-17 to a projected $14.7 billion in 2020-21 under the growth scenario.
https://lao.ca.gov/Publications/Report/3508

The 2017-18 Budget: California's Fiscal Outlook

Nov 16, 2016 - MCO Tax Assumed to End After July 1, 2019. Chapter  2 of the 2015 –16 Second Extraordinary Session (SB2X 2, Hernandez) imposes a revised MCO tax on most managed care plans for three years ending July 1, 2019.
https://lao.ca.gov/Publications/Report/3507

The 2017-18 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2016 - This means, under our assumptions, the state could weather a mild recession without cutting spending or raising taxes. However, this conclusion assumes that the state does not make any changes to its current policies and programs in any year during the outlook.
https://lao.ca.gov/Publications/Detail/3507