Proposition 26 [Ballot]

Nov 8, 2022 - Cardrooms pay state and local fees and taxes. For example, cardrooms pay the state around $24 million each year (annually) generally for regulatory costs. Cardrooms also pay around $100 million each year to the cities they are located in.
https://lao.ca.gov/BallotAnalysis/Proposition?number=26&year=2022

Proposition 27 [Ballot]

Nov 8, 2022 - These expenses include: (1)  any bets made with credits from promotional offers, (2)  prize payments, and (3)  federal gambling taxes. Losses, which result when expenses are more than bets, may be used to offset these payments.
https://lao.ca.gov/BallotAnalysis/Proposition?number=27&year=2022

Proposition 30 [Ballot]

Nov 8, 2022 - ANALYSIS OF MEASURE BACKGROUND California Personal Income Taxes. The state collects a tax on personal income earned within the state. Last year, the personal income tax raised over $130  billion in revenue.
https://lao.ca.gov/BallotAnalysis/Proposition?number=30&year=2022

Proposition 31 [Ballot]

Nov 8, 2022 - FISCAL EFFECTS Lower Tobacco Tax Revenues. Proposition 31 likely would reduce state tobacco tax revenues by an amount ranging from tens of millions of dollars to around $100  million annually. (Last year, state tobacco tax revenue was about $2  billion.)
https://lao.ca.gov/BallotAnalysis/Proposition?number=31&year=2022

Proposition 28 [Ballot]

Nov 8, 2022 - The California Constitution requires the state to set aside a minimum amount of state General Fund and local property tax revenue each year (annually) for public schools and community colleges. (The General Fund is the state ’s main operating account, which pays for education, prisons, health care, and other public services.)
https://lao.ca.gov/BallotAnalysis/Proposition?number=28&year=2022

The 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - The state meets the guarantee through a combination of state General Fund and local property tax revenue. Guarantee up Substantially Compared With Previous Budget Estimates. As Figure  2 shows, the estimates of the guarantee under the June 2022 budget plan are up significantly compared with the June 2021 estimates.
https://lao.ca.gov/Publications/Report/4641

The 2022-23 California Spending Plan: Human Services

Oct 21, 2022 - Creates Foster Youth Tax Credit. Creates refundable $1,000 tax credit for young adults aged 18 through 25 who were foster youth at age 13 or older and are otherwise eligible for the California Earned Income Tax Credit.
https://lao.ca.gov/Publications/Report/4640/4

U.S. Retail Sales Update: October 2022 [EconTax Blog]

Oct 14, 2022 - U.S. retail sales (seasonally adjusted) grew 1.3 percent from September to October.
https://lao.ca.gov/LAOEconTax/Article/Detail/757

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - SAL = state appropriations limit; CAC = California Arts Council; CSSSA = California State Summer School for the Arts; CDE = California Department of Education; CDFA = California Department of Food and Agriculture; CSL = California State Library; CTC = Commission on Teacher Credentialing; DCA = Department of Consumer Affairs; DCC = Department of Cannabis Control; DFPI = Departm ent of Financial
https://lao.ca.gov/Publications/Report/4616/1

The 2022-23 California Spending Plan: Resources and Environmental Protection

Oct 10, 2022 - The budget authorizes 61 permanent positions, 40 vehicles, and 12 pieces of heavy equipment with an estimated cost of roughly $9  million ongoing to be funded from the continuously appropriated Cannabis Tax Fund.
https://lao.ca.gov/Publications/Report/4633