Building Reserves to Prepare for a Recession

Mar 7, 2018 - These required deposits were to gradually increase from 1  p ercent of General Fund revenues in 2006 ‑ 07 t o 3  p ercent in 2008 ‑09 and every year thereafter. Proposition  58 allowed these deposits to be suspended by an executive order issued by the Governor.
https://lao.ca.gov/Publications/Report/3769

An Update on California’s Cash Management Situation

Aug 31, 2020 - The transmission of those receipts to the Controller can take a few days. Depending on whether the month ends with business days or not, there can be a one to four day delay between when payments are received by the tax agencies and when those payments are reported by the Controller.
https://lao.ca.gov/Publications/Report/4266

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - The drop in California ’s production activity is displayed in Figure  4 , which shows the number of shoot days in the Los Angeles area by year and type of production. The COVID ‑19 effect was short ‑lived and shoot days returned to pre ‑pandemic levels in 2021.
https://lao.ca.gov/Publications/Report/5000

Comparing Taxes on Cannabis to Taxes on Other Products in California

Dec 17, 2019 - We estimate that most cannabis purchased with a doctor ’s recommendation is subject both to sales taxes and excise taxes because the purchaser does not have a state-issued medical ID card, resulting in a higher overall tax rate than other medicines.
https://lao.ca.gov/Publications/Report/4123

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - For smooth implementation, the Department of Tax and Fee Administration (CDTFA) generally advises state and local lawmakers to enact sales and excise tax rate changes at least 90 days before they go into effect.
https://lao.ca.gov/Publications/Report/4528

An Analysis of Proposition 4: The Gann "Spirit of 13" Initiative [Publication Details]

Dec 1, 1979 - Proposition 4 also attempts both to clarify the fiscal roles played by the various branches (legislative, judicial and executive) and levels (federal, state and local) of government, and to insure that any surplus funds are promptly returned to the people.
https://lao.ca.gov/Publications/Detail/3524

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - Unlike with the existing credit, the proposal would not require the taxpayer to submit a certification of employment to FTB every year. (The proposed credit would continue to require taxpayers to reserve a tentative credit within 30 days after they have hired a qualified new employee.
https://lao.ca.gov/Publications/Report/3784

The 2026-27 Budget: CDTFA’s Cannabis and Tobacco Programs

Feb 23, 2026 - For example, when taxpayers file returns, CDTFA must process every return. We often call these tasks workload. Proactive enforcement activities —such as field inspections —are different. There is no fixed number of inspections that must be conducted.
https://lao.ca.gov/Publications/Report/5132

Managing California’s Cash

Sep 3, 2019 - After decades of issuing RANs nearly every year, the state has not issued a RAN since 2014. Instead, the state exclusively has used its sizable internal borrowable resources to manage its cash situation.
https://lao.ca.gov/Publications/Report/4092

Improving California’s Unemployment Insurance Program

Aug 8, 2022 - However, due to the trust fund ’s longstanding poor condition, the highest tax rate schedule —known as the F+  schedule, which carries a 6.2  percent maximum rate —has been in effect every year since 2004.
https://lao.ca.gov/Publications/Report/4615