Overview of State Bond Debt Service [EconTax Blog]

Feb 27, 2024 - GO bonds must be approved by the voters and their repayment is guaranteed by the state ’s general taxing power. Most of these are directly paid off from the state ’s General Fund, which is largely supported by tax revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/798

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/799

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/Article/Detail/799

The 2024-25 Budget: Insolvency Risks for Environmental and Transportation Special Funds

Feb 27, 2024 - Typically, doing so requires increasing existing taxes or fees or establishing a new revenue stream. In some circumstances, fee or tax increases must be approved by the Legislature or by voters. In  other cases, the Legislature has granted the administration statutory authority to increase charges, sometimes up to a threshold or according to a schedule.
https://lao.ca.gov/Publications/Report/4858

The 2024-25 Budget: Department of Health Care Access and Information

Feb 27, 2024 - MCO Tax Package Augmented Support for Hospital Relief Programs. As noted in the “Health Care Workforce Proposals ” section of this post, last year ’s budget enacted a multiyear plan for the MCO tax. As part of this plan, the Legislature designated $200  million one-time MCO tax funds for HCAI hospital relief programs in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4860

The 2024-25 Budget: Salton Sea Management Program

Feb 26, 2024 - Beginning in 2026‑27, the Governor proposes to support the 18 positions with the Salton Sea Lithium Fund, which is anticipated to receive revenue from a lithium extraction tax in the coming years. Weigh Trade ‑Offs of Funding the Governor ’s Proposed Salton Sea Projects —Perhaps at a Partial Level —Against Other Budget Priorities.
https://lao.ca.gov/Publications/Report/4859

Evaluating Tax Policy Changes in the Governor's Budget [EconTax Blog]

Feb 22, 2024 - Evaluating Tax Policy Changes in the Governor's Budget [EconTax Blog] Ross Brown The Governor ’s budget includes a number of proposed tax policy changes. This post provides our assessment of those proposals.
https://lao.ca.gov/LAOEconTax/article/Detail/797

Evaluating Tax Policy Changes in the Governor's Budget [EconTax Blog]

Feb 22, 2024 - Evaluating Tax Policy Changes in the Governor's Budget [EconTax Blog] Ross Brown The Governor ’s budget includes a number of proposed tax policy changes. This post provides our assessment of those proposals.
https://lao.ca.gov/LAOEconTax/Article/Detail/797

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - Shortfalls can occur as a result of colleges generating lower ‑than ‑budgeted enrollment fee revenue or local property tax revenue. The provisional budget language allows the Chancellor ’s Office to redirect unearned growth funds in this way after underlying apportionment data has been finalized, which occurs after the close of the fiscal year.
https://lao.ca.gov/Publications/Report/4853

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Some options include: California Competes tax credits, New Employment tax credits, Research and Development tax credits, and the California Alternative Energy and Advanced Transportation Financing Authority ’s sales and use tax exclusion program.
https://lao.ca.gov/Publications/Report/4846