Proposition 98 Property Tax Revenue Estimates Under Governor's Budget [EdBudget]

Jan 10, 2018 - Proposition 98 Property Tax Revenue Estimates Under Governor's Budget [EdBudget] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Education/EdBudget/Details/108

What Do Unanticipated Revenues Mean for the Surplus? [EconTax Blog]

Sep 20, 2021 - The formulas vary substantially based on the amount of personal income tax revenues attributable to capital gains that the state collects. These revenues can vary substantially from year to year, making it difficult to predict the impact on the formulas.
https://lao.ca.gov/LAOEconTax/Article/Detail/697

State Budget Effects of Recent Federal Actions to Address COVID-19

Apr 5, 2020 - Finally, should benefit payments under the state’s base program exceed payroll tax collections, the legislation allows the state to take an interest-free loan (through the end of 2020) to continue making benefit payments.
https://lao.ca.gov/Publications/Report/4217

Revised Seismic Safety Commission funding proposal

May 23, 2012 - Such a tax would not be permissible because Article XIII , Section 28(f), of the Constitution states that with limited exceptions the state’s insurance tax (one of the General Fund's major revenue sources) shall be in lieu of all other state and local taxes on insurers.
https://lao.ca.gov/Recommendations/Details/576

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

The Quiet Transformation in California’s Cash Management

Aug 29, 2019 - Corporations issue commercial paper to finance their receivables while many U.S. state and local governments —especially those with back-loaded revenue collections (such as California) —issue tax revenue anticipation notes.
https://lao.ca.gov/Publications/Report/4091

Need-Based Financial Aid Award Amounts [EdBudget]

Sep 18, 2019 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit. The size of the supplement is $24 in 2019-20. The UC Grant covers both tuition and nontuition expenses after applying a student self-help expectation and counting all other financial aid.
https://lao.ca.gov/Education/EdBudget/Details/315

LAO Multiyear State Budget Outlook

May 19, 2017 - The differences in these outlooks are nearly entirely driven by different assumptions about how much revenue, in particular from the personal income tax (PIT), that state will collect over the next few years.
https://lao.ca.gov/Publications/Report/3675

The 2018-19 Budget: A Guide to Understanding Potential Changes in the Proposition 98 Guarantee

May 7, 2018 - Additionally, personal income tax payments indicate that wage and/or job growth has been strong through the first part of 2018. In a few days, we will have additional tax data to help discern what share of higher revenue growth in 2017 ‑18 is likely to be ongoing versus one time.
https://lao.ca.gov/Publications/Report/3823

Proposed constitutional initiative related to gaming activities. [Ballot]

Aug 1, 2018 - For example, cardrooms and their owners along with winnings are subject to sta te and local taxes. Lottery sales and winnings are generally not subject to state and local taxes. Federal Authorization of Tribal Gaming.
https://lao.ca.gov/BallotAnalysis/Initiative/2018-003