The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - In the last 30 years, comparable two-quarter declines have occurred only around the Dot-Com Recession and the Great Recession. Similarly, income tax withholding (the largest component of income tax collections) has declined 5 percent so far this year, a stark departure from the double digit growth of the preceding two years.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - In the last 30 years, comparable two-quarter declines have occurred only around the Dot-Com Recession and the Great Recession. Similarly, income tax withholding (the largest component of income tax collections) has declined 5 percent so far this year, a stark departure from the double digit growth of the preceding two years.
https://lao.ca.gov/LAOEconTax/article/Detail/774

Tribal gaming. [Ballot]

Dec 27, 2021 - This is because a federal court previously determined that the payments required by certain tribal-state com pacts into the state ’s General Fund for use at the state ’s discretion generally were an illegal tax prohibited under federal law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-039

California labor law violations. [Ballot]

Nov 23, 2021 - On the other hand, trial courts could receive an increased number of appeals of Labor Com missioner decisions or an increased number of class-action lawsuits or other civil filings that otherwise would have been pursued as PAGA lawsuits.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-027

App-based rideshare and delivery drivers. [Ballot]

Dec 18, 2019 - To limit these new costs, rideshare and delivery com panies might hire fewer drivers. These companies also would eventually increase fares and delivery charges to make up for their new costs. Responses by Consumers.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-026

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - As revenues surged during the dot ‑com boom of the late 1990s, however, the state approached the limit. The state had excess revenues in 1999 ‑00, but because appropriations were under the limit in 2000 ‑01, additional Proposition  98 spending and taxpayer rebates were not required.
https://lao.ca.gov/Publications/Report/3596

Cultivation, use, possession, and sale of marijuana (Amendment #1). [Ballot]

Dec 23, 2015 - Department of Justice (DOJ) is not to prosecute marijuana users and businesses that act in com pliance with state and local marijuana laws so long as those laws are written and enforced in a manner that upholds federal priorities.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-104

Eliminate State Cost of Sex Offender Assessment Mandate

May 5, 2015 - Specifically, the com mission found the following activities to be reimbursable state mandates: (1) county probation and local law enforcement training on the use of the SARATSO, (2) county probation ad ministering SARATSO assessments to eligible offenders, (3) including the results of the assessment in certain presentencing reports, and (4) county probation reporting of statistic s regarding the effectiveness of enhanced monitoring.
https://lao.ca.gov/Recommendations/Details/842

Perspectives on the CalSTRS funding scenarios discussed at the March 19, 2014 joint hearing.

Mar 19, 2014 - During the "dot-com " boom, sharp increases in investment returns made it appear that the system was overfunded, and various changes to system benefits and contributions began to be made. In 2000, the state 's contributions were lowered to their present basic  level in the law, 2.017 percent of prior-year teacher payroll.
https://lao.ca.gov/Recommendations/Details/800

Revised Seismic Safety Commission funding proposal

May 23, 2012 - Beginning in 2001-02, the commission was funded through a charge on the gross receipts of insurers of com mercial and residential properties. This charge is set to expire on July 1, 2012. In January, the Governor ’s budget proposed deleting the sunset provision in existing law to make the charge on insurers permanent.
https://lao.ca.gov/Recommendations/Details/576