The 2021-22 Budget: Medi-Cal Fiscal Outlook

Nov 18, 2020 - Assume Statutorily Scheduled Expiration of Managed Care Organization (MCO) Tax For a number of years, the state has imposed a tax on MCOs ’ Medi ‑Cal and commercial lines of business. The state ’s previous MCO tax expired at the end of 2018 ‑19 and, in 2019 ‑20, the Legislature reauthorized the MCO tax in similar but not identical form to the prior tax.
https://lao.ca.gov/Publications/Report/4299

Why is Venture Capital Funding a Useful Economic Indicator? [EconTax Blog]

Feb 18, 2021 - Many California firms th at relied on VC funding at various stages of their development went public in 2020, and this contributed to surprisingly strong growth in personal income tax revenue despite the deep recession caused by the pandemic.  
https://lao.ca.gov/LAOEconTax/Article/Detail/626

A New Method For Current Year Revenue Forecasting [EconTax Blog]

Sep 20, 2021 - To fill this void, our office recently developed a model to provide a monthly update of the forecast of current year collections from the state ’s “big three ” revenues (personal income, sales, and corporation taxes).
https://lao.ca.gov/LAOEconTax/Article/Detail/696

Snapshot of the California Economy: December 2020 [EconTax Blog]

Feb 4, 2021 - One the one hand, payrolls (as measured by state income tax withholding, which is disproportionately tied to earnings of higher-income individuals) and stock prices reached new highs in December. On the other hand, total employment in the state dropped slightly in December, unemployment remained widespread, and spending on restaurants and entertainment remains sever ely depressed.  
https://lao.ca.gov/LAOEconTax/Article/Detail/619

Cap-And-Trade Auction Update and GGRF Projections

Dec 6, 2021 - For example, the Legislature could use GGRF to provide lump sum rebates to households, reduce other state taxes (such as sales tax rates), or use the funds to reduce retail electricity rates. Importantly, each of these “revenue recycling” options could be structured in a way that maintains cap‑and‑trade’s incentive for households and businesses to reduce
https://lao.ca.gov/Publications/Report/4480

The 2022-23 Budget: Oil Well Abandonment and Remediation

Jan 31, 2022 - Because deserted wells are concentrated in specific parts of the state, such as Los Angeles, Santa Barbara, and Ventura Counties, benefits would likely be concentrated in these geographic regions. Request Represents a Significant Expansion of Current Well Remediation Activities Without Additional State Staff.
https://lao.ca.gov/Publications/Report/4508

The 2020-21 Budget: Resources and Environmental Protection

Feb 25, 2020 - Tijuana River and New River Restoration Projects The Governor proposes providing funding for projects to address pollution flowing into Southern California in binational rivers across the border from Mexico —$ 35  m illion for the Tijuana River in San Diego County and $ 28  m illion for the New River in Imperial County.
https://lao.ca.gov/Publications/Report/4178

Funding for various brownfield-related activities. [Ballot]

Nov 29, 2021 - This measure would allow the state to borrow up to $2.7  billion by selling additional general obligation bonds to investors, who would be repaid with interest using the state ’s general tax revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-034

The 2022-23 Budget: Governor’s Public Safety Package

Feb 17, 2022 - In a July 2021 analysis of violent crime in large California counties, PPIC found that the share of crimes involving guns increased for homicides, aggravated assaults, and  robberies. Increase in Number of Armed and Prohibited Persons.
https://lao.ca.gov/Publications/Report/4546

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - The Legislature can respond to excess revenues by (1)  lowering tax revenues, (2) splitting the excess between taxpayer rebates and one ‑time payments to school and community college districts, or (3) appropriating more money for purposes excluded from the limit.
https://lao.ca.gov/Publications/Report/4473