Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog] Firearms and Ammunition Revenue Update (2025 Q1) May 21, 2025 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/article/Detail/830

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog] Firearms and Ammunition Revenue Update (2025 Q1) May 21, 2025 Seth Kerstein Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions.
https://lao.ca.gov/LAOEconTax/Article/Detail/830

The 2025-26 Budget: Concession Bargaining

May 19, 2025 - Reducing pension benefits for future hires, as was done in 2010-11 and under PEPRA, creates a significant long-term fiscal benefit to the state but has little short-term benefit. (However, increasing employees contributions towards those benefits does provide immediate state savings.)
https://lao.ca.gov/Publications/Report/5047

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - In contrast, the administration ’s forecast for the budget year is down $11  billion, reflecting diminished expectations for both the personal income tax and the corporation tax. General Fund Spending on Schools and Community Colleges Lower by $3.9   Billion.
https://lao.ca.gov/Publications/Report/5044

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Though SIB has opened almost 5  million accounts, only 11  percent of them have been claimed by beneficiaries. Beneficiaries or their families go to the CalKIDS online portal to claim their account. SIB Undertakes Various Outreach and Marketing Efforts to Increase Claim Rates.
https://lao.ca.gov/Publications/Report/5035

Improving Legislative Oversight of Emergency Authorities

Apr 10, 2025 - The remaining include 11 droughts (4  percent), 9 earthquakes (3  percent), and 6 energy and 6 health emergencies (2  percent each), as well as 5 freeze and 5 wind ‑related emergencies (2  percent each).
https://lao.ca.gov/Publications/Report/5029

Rethinking California's Reserve Policy

Apr 10, 2025 - Figure  11 shows how these steps are calculated. The intuition of this approach is that we establish a baseline for “expected ” revenue growth based on long ‑term trends. Any revenues above this baseline would be considered potential windfall funds —one ‑time resources that are better suited for reserves than for budget commitments.
https://lao.ca.gov/Publications/Report/5028

California New Car Registrations: February 2025 [EconTax Blog]

Apr 8, 2025 - In 2024, for instance, motor vehicles and parts dealers accounted for 11 percent of the state ’s taxable sales. Additionally, consumers often borrow money to buy cars, likely making this indicator particularly sensitive to changes in credit markets.
https://lao.ca.gov/LAOEconTax/article/Detail/826

California New Car Registrations: February 2025 [EconTax Blog]

Apr 8, 2025 - In 2024, for instance, motor vehicles and parts dealers accounted for 11 percent of the state ’s taxable sales. Additionally, consumers often borrow money to buy cars, likely making this indicator particularly sensitive to changes in credit markets.
https://lao.ca.gov/LAOEconTax/Article/Detail/826

The 2025-26 Budget: College of the Law, San Francisco [Publication Details]

Mar 10, 2025 - This brief analyzes the Governor’s budget proposals for College of the Law, San Francisco (CLSF). In 2025‑26, CLSF would receive $101 million in total core funding, reflecting a $15 million (17 percent) increase from 2024‑25. Both of CLSF’s main sources of core funding would increase, with tuition revenue projected to increase $4.3 million (7.
https://lao.ca.gov/Publications/Detail/5014