Results from the past 5 years


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October Tax Collections [EconTax Blog]

Nov 17, 2022 - October Tax Collections [EconTax Blog] Brian Uhler October collections from the state 's “big three ” tax revenues —personal income, corporation, and sales taxes —came in far ahead of Budget Act assumptions.
https://lao.ca.gov/LAOEconTax/Article/Detail/761

Why Has Income Tax Withholding Lagged, Despite Job Growth? [EconTax Blog]

Nov 16, 2022 - Why Has Income Tax Withholding Lagged, Despite Job Growth? [EconTax Blog] Why Has Income Tax Withholding Lagged, Despite Job Growth? November 16, 2022 Chas Alamo Why Has Income Tax Withholding Lagged, Despite Job Growth?
https://lao.ca.gov/LAOEconTax/Article/Detail/759

The 2023-24 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Nov 16, 2022 - This brief provides our annual fiscal outlook for General Fund spending in Medi-Cal. It summarizes our projections, describes the major factors driving our projections, and highlights several uncertainties.
https://lao.ca.gov/Publications/Detail/4649

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Our estimate of the total Proposition  98 spending on schools and community colleges in 2022 ‑23 is $106.7  billion ($78.6  billion from the General Fund and $28.1  billion from local property taxes).
https://lao.ca.gov/Publications/Report/4646

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - To support these functions, the state pays a share of counties ’ costs based expected workload. In the case of Medi ‑Cal, state payments to counties for program administration are automatically adjusted for inflation annually.
https://lao.ca.gov/Publications/Report/4647

The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 16, 2022 - Local Property Tax Estimates Reflect Trends in the Housing Market. Growth in property tax revenue is linked with growth in the housing market, but this growth typically lags the market by a few years.
https://lao.ca.gov/Publications/Report/4648

The 2023-24 Budget: Medi-Cal Fiscal Outlook

Nov 16, 2022 - The current MCO tax has been in place since January 2020 and is scheduled under current law to end in December 2022. We project the end of this tax will increase General Fund spending by $1.5 billion in 2023‑24.
https://lao.ca.gov/Publications/Report/4649

Proposition 26 [Ballot]

Nov 8, 2022 - Four privately operated racetracks as well as 29 fairs, publicly operated racetracks, and other facilities in 17 counties offer betting on horse racing. The horse racing industry pays state and local fees and taxes.
https://lao.ca.gov/BallotAnalysis/Proposition?number=26&year=2022

Proposition 27 [Ballot]

Nov 8, 2022 - These expenses include: (1)  any bets made with credits from promotional offers, (2)  prize payments, and (3)  federal gambling taxes. Losses, which result when expenses are more than bets, may be used to offset these payments.
https://lao.ca.gov/BallotAnalysis/Proposition?number=27&year=2022

Proposition 30 [Ballot]

Nov 8, 2022 - ANALYSIS OF MEASURE BACKGROUND California Personal Income Taxes. The state collects a tax on personal income earned within the state. Last year, the personal income tax raised over $130  billion in revenue.
https://lao.ca.gov/BallotAnalysis/Proposition?number=30&year=2022