Proposition 1 [Ballot]

Mar 5, 2024 - Proposal No Changes to Tax. Proposition  1 does not change the tax on people with incomes over $1  million per year. State Gets Larger Share of Tax. As shown in Figure  1, Proposition  1 increases the share of the MHSA tax that the state gets for mental health programs.
https://lao.ca.gov/BallotAnalysis/Proposition?number=1&year=2024

Cannabis and certain psychedelic drugs. [Ballot]

Dec 18, 2023 - Cannabis-Related Taxes. Adult use cannabis is subject to state and local sales taxes. Both adult use and medicinal cannabis are subject to a 15 percent state excise tax, which generated over half a billion dollars in revenue in 2022-23.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-032

Managed care organization tax. [Ballot]

Oct 27, 2023 - Overview of MCO Tax California Taxes MCOs ’ Enrollment to Help Cover its Share of Medi-Cal Costs. One of the fund sources California currently uses to support Medi-Cal is a tax on MCOs known as the “MCO tax. ” California has had such a tax or fee for nearly 20 years.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-024

Social media platforms. [Ballot]

Feb 6, 2024 - Uncertain impact on state and local tax revenue that would depend primarily on how social media platforms respond to the measure. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/BallotAnalysis/Initiative/2023-035

Homeownership affordability. [Ballot]

Oct 27, 2023 - Local governments rely on a variety of taxes and fees to fund their services, like schools, fire and police, public works, and parks. The property and sales taxes generally are the largest sources of local tax revenue for cities and counties.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-025

Medi-Cal Rx program and revenues from federal drug price discounts. [Ballot]

Oct 19, 2023 - This result could have fiscal implications for state tax proceeds, Medi-Cal, or other state and local government programs. The impact would depend on many factors, including which entities lose their state tax-exempt status and licenses.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-021

Property taxes. [Ballot]

Aug 4, 2023 - How Is a Property Tax Bill Calculated? Each annual property tax bill is equal to the taxable value of the property multiplied by the property tax rate. The typical property tax rate is 1.1  percent. In the year a new owner takes over a property, its taxable value typically is its purchase price.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-005

Restrictions on certain oil drilling permits (Amendment #1). [Ballot]

Sep 21, 2023 - This decline would primarily stem from reduced corporate and royalty-related income tax revenues, along with somewhat lesser impacts from decreased sales and use tax revenues. Decreased Local Revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-014

Personal finance education. [Ballot]

Oct 25, 2023 - The state meets the minimum requirement by providing schools with funding from local property tax revenue and state tax revenue. Proposal Requires Students to Complete a Personal Finance Course to Graduate High School.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-022

California Children’s Services (CCS) program. [Ballot]

Dec 12, 2023 - The state also could not support the measure ’s costs using money from a state tax on health insurance plans known as the managed care organization tax. Moreover, the measure prohibits the state from counting the new hospital grant program as a Medi-Cal payment —meaning that the state could not seek federal approval to use federal funds to help cover the cost.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-029