Affordable housing bonds. [Ballot]

Jan 3, 2022 - Communiti es pay for the cost of construction and borrowing through higher taxes, fares, and other charges that help service the debts. Property Taxes. The California Constitution limits property taxes to 1  percent of the value of property.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-040

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - UC Law SF indicates that the remaining project costs will be split between conventional debt ‑financing ($103  million) and the historic tax credit equity program ($37  million), which is a federal program focused on the rehabilitation of certified historic buildings.
https://lao.ca.gov/Publications/Report/4732

2021-22 “Big Three” Revenue Outlook Update: February 2022 [EconTax Blog]

Feb 17, 2022 - We currently project that there is a very good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the Governor ’s Budget assumption of $185 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/725

Card Spending Update: November 2020 [EconTax Blog]

Dec 16, 2020 - To do this, we use an index—a weighted average of different spending categories—designed to track movements in California’s sales tax base. In this post, we update the index to include November data and to incorporate data revisions for earlier months.
https://lao.ca.gov/LAOEconTax/Article/Detail/596

U.S. Retail Sales Update: November 2020 [EconTax Blog]

Dec 16, 2020 - U.S. retail sales declined by 1% in November, but total sales Jan.-Nov. 2020 were slightly higher than Jan.-Nov. 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/595

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

Jul 13, 2023 - 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. The vast majority ­ of MHSA revenues —at least 95   percent —goes directly to counties, which use it to support a variety of services for individuals with or at risk of mental illness.
https://lao.ca.gov/Publications/Report/4782

Income Tax Withholding Tracker: July 1 - July 23 [EconTax Blog]

Jul 23, 2021 - Income Tax Withholding Tracker: July 1 - July 23 [EconTax Blog] Income Tax Withholding Tracker: July 1 - July 23 July 23, 2021 Brian Uhler Bottom Line: California income tax withholding collections in July to date are 17.8 percent above July 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/679

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Taxes Business Tax Reductions Lifts Temporary Limits on Business Tax Provisions. The Governor ’s budget proposes to end, one year early, temporary limits on the ability of businesses to use NOL deductions and tax credits to reduce their tax payments.
https://lao.ca.gov/Publications/Report/4492

The 2023-24 Budget: One-Time K-12 Spending Proposals

Feb 16, 2023 - Compared with the estimate included in the June 2022 budget plan, the administration revises its estimate of the minimum guarantee up $178   million in 2021 ‑22, primarily due to local property tax revenue exceeding previous estimates.
https://lao.ca.gov/Publications/Report/4688

U.S. Retail Sales Update: October 2020 [EconTax Blog]

Nov 17, 2020 - U.S. retail sales grew modestly in October. Total sales January-October 2020 were just 0.1% below January-October 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/580