Mental Health Services Act: Proposed Restructuring of the MHSA Funding Categories and Impacts on County Spending

Jul 13, 2023 - What are the trade-offs in reducing county spending flexibility? Background Current MHSA Funding Categories Funding Categories and Allocation of MHSA Revenues Under Current Law. Approved by voters in 2004, the MHSA places a 1  percent tax on personal income over $1  million and dedicates the associated revenues to mental health services.
https://lao.ca.gov/Publications/Report/4782

Mental Health Services Act: Revenue Volatility and the Governor’s Proposal to Reduce Allowable County Reserves

Jul 13, 2023 - Yet, the MHSA tax is perhaps the most volatile source of revenue in the state tax system. Absent other changes, lowering prudent reserve caps as the Governor proposes will only exacerbate county budge ting challenges and place excessive fiscal risk on counties.
https://lao.ca.gov/Publications/Report/4780

Mental Health Services Act: Proposed Change in Mental Health Services Oversight and Accountability Commission’s Role

Jul 13, 2023 - Background Current Responsibilities of the Commission Focus on Independent Oversight The MHSA Provides Funding Mostly to Counties. Approved by voters in 2004, the MHSA places a 1  percent tax on personal income over $1  million and dedicates the associated revenues to mental health services.
https://lao.ca.gov/Publications/Report/4781

Updated Unemployment Insurance Fund Forecast Shows Structural Deficit [EconTax Blog]

Jul 7, 2023 - Employers pay regular UI payroll taxes into the fund. These payroll taxes are used to pay out benefits. In January and May each year, EDD publishes a two-year forecast of UI benefits, UI payroll tax receipts, and other key fiscal information related to the state ’s UI Trust Fund.
https://lao.ca.gov/LAOEconTax/article/Detail/779

Updated Unemployment Insurance Fund Forecast Shows Structural Deficit [EconTax Blog]

Jul 7, 2023 - Employers pay regular UI payroll taxes into the fund. These payroll taxes are used to pay out benefits. In January and May each year, EDD publishes a two-year forecast of UI benefits, UI payroll tax receipts, and other key fiscal information related to the state ’s UI Trust Fund.
https://lao.ca.gov/LAOEconTax/Article/Detail/779

Psilocybin legalization. [Ballot]

Jun 29, 2023 - Potential Impact on State and Local Tax Revenues. The measure could result in some increase in tax revenue, as people selling psilocybin or providing related services could begin doing so legally under state law and therefore pay sales and personal income taxes.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-004

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

Jun 15, 2023 - U.S. retail sales have been roughly flat (0.2 percent decline) over the last 3 months and grown 1.6 percent over the last 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/778

Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 14, 2023 - Annual Report on Tax Exemptions for Medicinal Cannabis [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/4777

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 14, 2023 - Annual Report on Tax Exemptions for Medicinal Cannabis June 14, 2023 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4777

Managed Care Organization Tax: Background and Issues for Consideration on Administration’s Proposal [Publication Details]

May 30, 2023 - Managed Care Organization Tax: Background and Issues for Consideration on Administration’s Proposal [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/4774