The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - The 2019 ‑20 budget package modifies and expands the state EITC in three ways. (For more information about the first state EITC, see our report, The 2015‑16 Budget: California Spending Plan. ) The administration estimates these changes will reduce tax revenue in 2019‑20 by $600 million.
https://lao.ca.gov/Publications/Report/4099

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - The budget package changes state law so that corporations are required to make the same choice about the purchase for state tax purposes as they elected to do for federal t ax purposes. The change to state law ends the ability for some corporations to treat the purchase as an asset purchase for federal tax purposes, for example, and as a qualified stock purchase for state tax purposes.
https://lao.ca.gov/Publications/Report/4100

The 2019-20 Budget: California Spending Plan—Capital Outlay

Oct 17, 2019 - For a complete list of all state capital outlay projects approved in the 2019 ‑20 budget, see our Supplemental Report of the 2019‑20 Budget Act . (The report generally does not include state funding for local infrastructure projects.)
https://lao.ca.gov/Publications/Report/4105

The 2019-20 Budget: Overview of the California Spending Plan (Final Version) [Publication Details]

Oct 17, 2019 - Each year, our office publishes California Spending Plan, which summarizes the annual state budget. In July, we published a preliminary version of the report. This, the final version, provides an overview of the 2019‑20 Budget Act, then highlights major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/4083

September 2019 State Tax Collections [EconTax Blog]

Oct 11, 2019 - (Such changes in behavior should occur regardless of state tax conformity because the state tax rate is much lower than the federal rate.)  
https://lao.ca.gov/LAOEconTax/Article/Detail/405

State Fiscal Health Index: August 2019 [EconTax Blog]

Oct 11, 2019 - Many economic factors outside the state ’s control influence state revenues. Despite this, certain data points can help us understand whether shifting economic conditions are likely to lead to growth or declines in state revenues in the coming months.
https://lao.ca.gov/LAOEconTax/Article/Detail/404

Proposed constitutional initiative regarding how Californians vote and the composition of the State Senate. [Ballot]

Oct 9, 2019 - Establishes Ranked-Choice Voting for State and Federal Offices. Under the measure, Californians would use ranked-choice ballots to elect candidates in statewide primary and general elections. The offices affected by the measure include state a nd federal elected offices —including the eight elected state executive offices (Governor, Lieutenant
https://lao.ca.gov/BallotAnalysis/Initiative/2019-013

Proposed statutory initiative related to the state's initiative, referendum, and recall processes. [Ballot]

Oct 8, 2019 - In any event, the one-time state and local costs to develop this new system likely would total in the millions of dollars or more. Ongoing Costs or Savings. Over time, after the development of the online petition system, the state and local government net costs or savings from this measure would depend on the system that the Secretary of State develops under this measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-009

Proposed statutory initiative related to the cultivation, sale, and use of cannabis. [Ballot]

Oct 8, 2019 - Reduction in State and Local Fee Revenues and Regulatory Costs. The measure would result in lower state and local license fee revenue —likely in excess of $100  million annually —because it would limit state license fees for cannabis businesses to no more than $1,000.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-010

Proposed statutory initiative related to the cultivation, sale, and use of cannabis. [Ballot]

Oct 8, 2019 - Reduction in State and Local Fee Revenues and Regulatory Costs. The measure would result in lower state and local license fee revenue —likely in excess of $100  million annually —because it would limit state license fees for cannabis businesses to no more than $1,000.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-011