K-12 Funding by Source [EdBudget]

Jan 18, 2023 - Also includes operational expenses of the California Department of Education and certain other agencies. b Includes $941 million increase in funding for arts instruction as required by Proposition 28 (2022). c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. d
https://lao.ca.gov/Education/EdBudget/Details/700

The 2023-24 Budget: Department of Justice Budget Proposals

Feb 23, 2023 - For example, wage theft ‑related legal action can address business practices (such as employee misclassification or tax evasion) that are harmful to workers. DOJ has provided sufficient workload justification for these proposals that suggests additional resources appear to be needed.
https://lao.ca.gov/Publications/Report/4701

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

Jun 15, 2022 - U.S. retail sales (seasonally adjusted) declined 0.3 percent from April to May. Inflation-adjusted sales declined more.
https://lao.ca.gov/LAOEconTax/Article/Detail/739

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - A final complication is the state ’s conformity to the federal Internal Revenue Service rule change that, as a response to the January floods, delayed the 2022 tax filing deadline to October from April.
https://lao.ca.gov/Publications/Report/4762

Cannabis Tax Revenue Update [EconTax Blog]

Aug 22, 2022 - 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/751

April 2019 State Tax Collections [EconTax Blog]

May 21, 2019 - Based on April receipts, the federal tax law appears to have significantly changed the timing of PIT collections. Specifically, filers no longer have an incentive to pay a higher proportion of their state tax liability within the tax year.
https://lao.ca.gov/LAOEconTax/Article/Detail/375

The 2021-22 May Revision—Child Welfare Budget Proposals

Jun 11, 2021 - The updated language —in line with the previous version —allows counties the option of (but does not require) implementing prevention services, meaning counties would need to provide the required matching funds using their realignment revenues or other county sources to be able to claim additional federal Title IV-E dollars on an ongoing basis.
https://lao.ca.gov/Publications/Report/4444

Annual Report on Tax Exemptions for Medicinal Cannabis

Jul 1, 2021 - Annual Report on Tax Exemptions for Medicinal Cannabis July 1, 2021 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter   837 o f 2019 (S B  34 , Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4447

Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jul 1, 2021 - Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4447

February 2020 State Tax Collections [EconTax Blog]

Mar 19, 2020 - February 2020 State Tax Collections [EconTax Blog] Seth Kerstein February revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of Governor ’s Budget projections by $334 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/442