Housing affordability and property taxes. [Ballot]

Nov 29, 2021 - When a property changes ownership again, its taxable value typically is reset to its new —usually higher —purchase price. Homeowners ’ Exemption Reduces Taxable Value of Primary Homes.   A state law, known as the homeowners ’ exemption, reduces the taxable value of primary homes by $7,000.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-032

The extraction and recovery of oil and gas, as well as fossil fuel consumption. [Ballot]

Nov 23, 2021 - City and county governments vary in their approach to regulating and overseeing oil and gas production. They establish local permitting processes, fees on the production and sale o f oil and gas, and limitations to production.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-028

State and local government tax rules. [Ballot]

Nov 22, 2021 - State law requires increases in local taxes to receive approval of the local governing body —for example, a city council or county board of supervisors —as well as approval of voters in that local jurisdiction.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-026

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - The table below summarizes our main forecast for total General Fund revenues (including transfers.) Under this forecast, the rapid pace of growth moderates significantly moving forward. Whereas revenues grew over 30 percent in 2020-21, our main forecast has growth drop to 8 percent in 2021-22, fall further to about 2 percent in 2022-23, and then becomes slightly negative in 202 3-24.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - As shown in Figure 3 , the balance of the state ’s constitutional reserve, the Budget Stabilization Account (BSA), would grow to about 10 percent of General Fund revenues and transfers ($21 billion) under our revenue estimates.
https://lao.ca.gov/Publications/Report/4472

Initiative process. [Ballot]

Nov 17, 2021 - The measure would transfer workload from DOJ to the LAO (and OLC). Consequently, DOJ costs for existing workload would decrease. There could be some minor ongoing state savings if the LAO ’s new ballot responsibilities were determined to be part of the Legislature ’s budget because growth in the Legislature ’s budget is limited by the Constitution.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-024

Housing affordability and property taxes. [Ballot]

Nov 12, 2021 - When a property changes ownership again, its taxable value typically is reset to its new —usually higher —purchase price. Homeowners ’ Exemption Reduces Taxable Value of Primary Homes.   A state law, known as the homeowners ’ exemption, reduces the taxable value of primary homes by $7,000.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-023

Taxing very high-income taxpayers and dedicating revenues to pandemic prevention. [Ballot]

Nov 5, 2021 - The California Departmen t of Public Health (CDPH) works closely with the state ’s 61 local public health departments (58 county and three city departments) to promote public health across California.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-022

California Public Utilities Commission and wildfires. [Ballot]

Nov 3, 2021 - However, if the Legislature makes substantial changes to the authorities and/or decision-making procedures that are transferred to other agencies, there could be more substantial fiscal effects than those identified below.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-020

The 2021-22 Spending Plan: Housing and Homelessness

Oct 29, 2021 - Cities. $336  million to cities with populations over 300,000 based on each city ’s share of the 2019 point-in-time homelessness count for the CoC in their region. Requires HCFC to allocate no more that 45  percent of this allocation to a single city.
https://lao.ca.gov/Publications/Report/4468