Evaluation of the Better for Families Tax Refund [Publication Details]

Apr 1, 2024 - Evaluation of the Better for Families Tax Refund [Publication Details] 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/Publications/Detail/4891

The 2024-25 Budget: Sustainable Funding for the Department of Pesticide Regulation

Mar 5, 2024 - For instance, a single tax rate is easier for the state to administer and offers a more predictable revenue stream. It  also is simpler and more predictable for the entities that pay the tax. A flat increase also aligns with the recommendations in the independent contractor ’s report.
https://lao.ca.gov/Publications/Report/4873

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Some options include: California Competes tax credits, New Employment tax credits, Research and Development tax credits, and the California Alternative Energy and Advanced Transportation Financing Authority ’s sales and use tax exclusion program.
https://lao.ca.gov/Publications/Report/4846

The 2024-25 Budget: Child Support

Feb 27, 2024 - In March  2023, DSS issued a letter to counties updating the state ’s policies. The letter communicated a number of updates: Effective January 1, 2023, DSS instructs that counties shall no longer refer parents, whose children have been removed from the home and who are receiving child welfare services, to the state child support program.
https://lao.ca.gov/Publications/Report/4861

U.S. Retail Sales Update: December 2023 [EconTax Blog]

Jan 17, 2024 - U.S. retail sales have grown 0.7 percent over the last 3 months and 5.6 percent over the last 12 months. Both of these growth rates outpaced inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/794

U.S. Retail Sales Update: December 2023 [EconTax Blog]

Jan 17, 2024 - U.S. retail sales have grown 0.7 percent over the last 3 months and 5.6 percent over the last 12 months. Both of these growth rates outpaced inflation.
https://lao.ca.gov/LAOEconTax/article/Detail/794

Recent Revenues Coming in Below Governor's Budget Projections [EconTax Blog]

Jan 22, 2024 - Individuals with substantial capital gains and other non-wage income make quarterly estimated tax payments to meet state tax requirements. As shown in the figure  below, January estimated tax payments from these taxpayers are running well below targets needed to meet the Governor 's budget revenue levels for 2023-24.
https://lao.ca.gov/LAOEconTax/Article/Detail/795

Recent Revenues Coming in Below Governor's Budget Projections [EconTax Blog]

Jan 22, 2024 - Individuals with substantial capital gains and other non-wage income make quarterly estimated tax payments to meet state tax requirements. As shown in the figure  below, January estimated tax payments from these taxpayers are running well below targets needed to meet the Governor 's budget revenue levels for 2023-24.
https://lao.ca.gov/LAOEconTax/article/Detail/795

Overview of State Bond Debt Service [EconTax Blog]

Feb 27, 2024 - GO bonds must be approved by the voters and their repayment is guaranteed by the state ’s general taxing power. Most of these are directly paid off from the state ’s General Fund, which is largely supported by tax revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/798

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - IHSS providers ’ wages are determined through collective bargaining with county governments. As of February 2024, IHSS provider wages in many counties exceeded $18 per hour. Nevertheless, the OEWS estimates suggest that the median wage for home health and personal care aides was below $17.50 per hour in 2023.
https://lao.ca.gov/Publications/Report/4878/1