Cannabis Tax Revenue Update [EconTax Blog]

Feb 23, 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/726

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

The 2020-21 Budget: Re-Envisioning Medi-Cal—The CalAIM Proposal

Feb 28, 2020 - Perhaps more significantly, the ILOS benefits available to a beneficiary could vary within a county in the majority of counties where more than one managed care plan operates. (In two counties, Sacramento and San Diego, five or more managed care plans are available.)
https://lao.ca.gov/Publications/Report/4185

Tax Expenditure Evaluation [Publication Details]

Feb 22, 2023 - Tax Expenditure Evaluation [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/4690

Child Custody and Juvenile Dependency. [Ballot]

Mar 17, 2021 - This measure could result in an ongoing increase in county workload to the extent that jurisdictional hearings that currently are decided by a judge are instead decided by a jury. For example, child welfare departments and/or county attorneys may need to spend more time preparing for jury trials because of the different rules related to how and what informa tion can be presented to a jury.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-001

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - This means that a portion of any inflation created by the tax rebate program will be exported to the rest of the U.S. Once dissipated across the nearly $26  trillion U.S. economy, California ’s $9.5  billion in tax refunds represent, at most, a trivial contribution to broader inflationary pressures.
https://lao.ca.gov/Publications/Report/4653

U.S. Retail Sales: May 2020 [EconTax Blog]

Jun 16, 2020 - May 2020 U.S. retail sales show significant rebound from April decline.
https://lao.ca.gov/LAOEconTax/Article/Detail/481

The 2023-24 Budget: Analysis of the Medi-Cal Budget [Publication Details]

Feb 10, 2023 - The 2023-24 Budget: Analysis of the Medi-Cal Budget [Publication Details] Description: This brief provides an overview of the Governor’s proposed budget for Medi-Cal, assesses the administration’s assumptions on caseload and COVID-19-related policies, and analyzes the Governor’s managed care organization tax proposal.
https://lao.ca.gov/Publications/Detail/4675

The 2021-22 Budget: Analysis of the Medi-Cal Budget

Feb 16, 2021 - To expand county behavioral health treatment capacity, the Governor proposes $ 750  m illion one ‑time available for three years to provide grant funds to counties to acquire and renovate behavioral health facilities.
https://lao.ca.gov/Publications/Report/4373

The 2022-23 Budget: The Governor’s Homelessness Plan

Feb 9, 2022 - DSS also determined a few funding set ‑asides, such as 5  percent for tribes and 8  percent for small counties. Matching Funds. Applicants will be required to provide matching funds, with the match rate varying by the type of applicant (for example, a 10  percent match will be required for counties and cities, and a 5  percent match for tribes).
https://lao.ca.gov/Publications/Report/4521