The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - The  Legislature has flexibility around how it is able to direct GGRF revenues because the program was authorized in a way that is akin to a tax, meaning the funds can legally be used for broad purposes.
https://lao.ca.gov/Publications/Report/4847

K-12 Funding by Source [EdBudget]

Aug 17, 2022 - K-12 Funding by Source [EdBudget]     a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 funding for the California State Preschool Program, and operational expenses of the California Department of Education. b Excludes funding for child care programs administered by the California Department of Social Services
https://lao.ca.gov/Education/EdBudget/Details/661

Raising taxes on certain corporations to fund zero-emission vehicle programs and wildfire-related activities. [Ballot]

Dec 27, 2021 - Proposal Increases Taxes on Corporations Earning More Than $20  Million The measure increases the corporation tax for those earning more than $20  million in profits in California. These taxpayers would pay an additional tax of 2.45  percent on their California profits above $20  million.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-038

Cannabis Tax Revenue Update [EconTax Blog]

Nov 30, 2021 - Cannabis Tax Revenue Update [EconTax Blog] Seth Kerstein In November 2016, California voters approved Proposition 64 , which legalized the nonmedical use of cannabis. The state levies two excise taxes on cannabis: a retail excise tax and a cultivation tax.
https://lao.ca.gov/LAOEconTax/Article/Detail/717

Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog]

Jan 26, 2021 - Income Tax Withholding Tracker: January 1 - January 25 [EconTax Blog] Income Tax Withholding Tracker: January 1 - January 25 January 26, 2021 Brian Uhler Bottom Line: California income tax withholding collections in January to date are 7 percent above January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/614

Raising the personal income taxes for certain households to fund zero-emission vehicle programs and wildfire-related activities. [Ballot]

Dec 27, 2021 - Proposal Increases Income Taxes for High-Income Taxpayers The measure increases the personal income tax for taxpayers earning more than $2  million. These taxpayers would pay an additional tax of 1.75  percent on their income above $2  million.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-037

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - This alternative can include one, or any combination, of  the following: Lower Tax Revenues. In order to reduce tax revenues for tax year 2021, the Legislature most likely would need to act very soon, but the state also could lower revenues for 2022 in the coming months.
https://lao.ca.gov/Publications/Report/4515

The 2022-23 Budget: Analysis of the Medi-Cal Budget

Feb 9, 2022 - The current MCO tax has been in place since January  2020 and generates an annual net General Fund benefit of over $1.5  billion. While early versions of the MCO tax taxed MCOs  based on their revenues, the recent versions of the MCO  tax have taxed MCOs based on their enrollment.
https://lao.ca.gov/Publications/Report/4522

High-quality public schools (Version 1). [Ballot]

Aug 30, 2023 - The remaining funding is from a combination of local property taxes and federal funding. State Law Regulates School Operations in Many Areas. For example, the law requires school district students to take standardized tests in several subjects, specifies the courses that students must complete to earn a high school dipl oma, and specifies the reasons a district may suspend or expel a student.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-009

High-quality public schools (Version 2). [Ballot]

Aug 30, 2023 - The remaining funding is from a combination of local property taxes and federal funding. State Law Regulates School Operations in Many Areas. For example, the law requires school district students to take standardized tests in several subjects, specifies the courses that students must complete to earn a high school dipl oma, and specifies the reasons a district may suspend or expel a student.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-010