Proposed statutory initiative related to psilocybin. [Ballot]

Nov 12, 2019 - To the extent this is not the case, the effect on criminal justice costs and tax revenue discussed below could be greatly reduced. Moreover, the tax revenue impacts discussed below could be greatly reduced to the extent that the federal government exercises its discretion to enforce federal prohibitions on psilocybin-related activities otherwise permitted by this measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-016

Proposed Constitutional and Statutory Measure Related to Gaming [Ballot]

Jan 3, 2020 - Imposes a Sports Wagering Tax. The measure imposes a 10 percent tax on horse racing tracks offering sports wagering. The tax is applied to the amount of sports wagers made daily after deducting any payouts of winnings.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-029

The 2019-20 Budget: Considerations for the Governor's Housing Plan

Feb 20, 2019 - . $250 Production grants to local governments Provides general purposes funds to local governments as a reward for reaching “milestones ” in their efforts to meet their short ‑term housing production goals. 500 State Low ‑Income Housing Tax Credit program Expands existing state Low ‑Income Housing Tax Credit program. 300 New state housing tax
https://lao.ca.gov/Publications/Report/3941

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

The 2020-21 Budget: California's Fiscal Outlook

Nov 20, 2019 - Importantly, this scenario assumes the federal government approves the managed care organization (MCO) tax and the state faces no major disasters over the next few years. (The MCO tax offsets General Fund costs in Medi ‑Cal but it requires federal approval.)
https://lao.ca.gov/Publications/Report/4111

The 2021-22 Spending Plan: Transportation

Oct 1, 2021 - Of the total spending, $18.6  billion (59  percent) is from special funds, particularly various fuel taxes and vehicle-related fees. The budget act includes $5  billion from the General Fund for transportation programs.
https://lao.ca.gov/Publications/Report/4458

A Framework for Evaluating State-Level Green Stimulus Proposals

Jan 5, 2021 - However, there is often a lag between when the tax is collected and when the money is spent. As a result, the economic effects from collecting the tax might be negative in the short term, even if the net economic effects over the longer term are more uncertain.
https://lao.ca.gov/Publications/Report/4308

Housing and Homelessness Funding Impacting Children

Mar 25, 2019 - Earned Income Tax Credit. A state and federal income tax credit for low ‑income working families and individuals, which reduces the tax amount owed by the tax ‑filer and, in some cases, may provide eligible filers with a refundable income amount.
https://lao.ca.gov/Publications/Report/3985

The 2019-20 Budget: California Spending Plan—Health and Human Services

Oct 17, 2019 - Because the MCO tax is a health care-related tax imposed on Medicaid services, it must be approved by the federal government. Figure 8 Comparing the Tax Rates of the Previous and Reauthorized MCO Taxes Member Months a Tax Rate Per Member Month Previous Tax: 2018 ‑19 Rates Reauthorized Tax: 2019 ‑20 Rates Medi ‑Cal Enrollees
https://lao.ca.gov/Publications/Report/4104

COVID-19 and California’s Evolving Fiscal Outlook

Mar 18, 2020 - Volatile Financial Markets Indicate Lower Capital Gains-Related Tax Revenue Taxes on capital gains are a significant source of state revenue. Even in “normal ” times, capital gains income is difficult to forecast because it correlates with stock market performance.
https://lao.ca.gov/Publications/Report/4203