Excess ERAF: A Review of the Calculations Affecting School Funding

Mar 6, 2020 - Property Tax Basics Many Local Agencies Receive Property Tax Revenue. Property owners in California pay a tax of at least 1  p ercent on the assessed value of their properties. The State Constitution requires the proceeds of the property tax to be allocated for local agencies in the county where the revenue is collected.
https://lao.ca.gov/Publications/Report/4193

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

Oct 22, 2021 - We currently project that there is a good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the budget act assumption of $170 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/707

Proposition 21 [Ballot]

Nov 3, 2020 - State and Local Government Tax Revenues.  Three taxes are the largest sources of tax revenue for the state and local governments in California —personal income tax, property tax, and sales tax. The state collects a personal income tax on income —including rent received by landlords —earned within the state.
https://lao.ca.gov/BallotAnalysis/Proposition?number=21&year=2020

U.S. Retail Sales: March 2020 [EconTax Blog]

Apr 15, 2020 - The drop in overall retail sales will hurt sales tax revenues both for the state and local governments. Due to a state General Fund exemption for fuel, gas stations are a significant source of sales tax revenue for local governments, but not for the state.
https://lao.ca.gov/LAOEconTax/Article/Detail/451

The 2021-22 Budget: Department of Toxic Substances Control

Mar 19, 2021 - For example, should there be a sunset date for tax exemptions on midsized  businesses? Adopt a Tax Package That Raises Sufficient Revenues to Pay for Desired Expenditures. To address the ongoing structural imbalance, we recommend the Legislature adopt a tax structure for TSCA that aligns with its expenditure priorities.
https://lao.ca.gov/Publications/Report/4406

Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog]

Apr 10, 2020 - Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog] Income Tax Withholding Tracker: 4/6 to 4/10 April 10, 2020 Brian Uhler Bottom Line: Withholding has shown significant weakness for three weeks in a row.
https://lao.ca.gov/LAOEconTax/Article/Detail/450

Income Tax Withholding Tracker: 3/30 to 4/3 [EconTax Blog]

Apr 3, 2020 - Income Tax Withholding Tracker: 3/30 to 4/3 [EconTax Blog] Income Tax Withholding Tracker: 3/30 to 4/3 April 3, 2020 Brian Uhler Bottom Line: Withholding has declined significantly during the last two weeks.
https://lao.ca.gov/LAOEconTax/Article/Detail/448

Net Taxpayer Outmigration Increased During 2017-2019 [EconTax Blog]

Jul 6, 2021 - Our office previously commented on how federal Internal Revenue Service (IRS) data show a persistent, long-term net outmigration of tax filers from California to other states. The IRS recently released data for tax year 2019 showing interstate migration among filers at different age groups and income levels.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Income Tax Withholding Tracker: 3/23 to 3/27 [EconTax Blog]

Mar 27, 2020 - Income Tax Withholding Tracker: 3/23 to 3/27 [EconTax Blog] Income Tax Withholding Tracker: 3/23 to 3/27 March 27, 2020 Brian Uhler Bottom Line: The impact of the COVID-19 outbreak is now noticeable in withholding, with payments this week dropping at a similar rate to the comparable week during the depths of the Great Recession.  
https://lao.ca.gov/LAOEconTax/Article/Detail/446

The 2023-24 Budget: CalWORKs

Feb 22, 2023 - Following a major realignment of state and local responsibilities in 1991, some funds generated by the state sales tax and vehicle license fee accrue to a special fund with a series of subaccounts which pay for a variety of health and human services programs.
https://lao.ca.gov/Publications/Report/4699