Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/Article/Detail/781

High-quality public schools (Version 1). [Ballot]

Aug 30, 2023 - The remaining funding is from a combination of local property taxes and federal funding. State Law Regulates School Operations in Many Areas. For example, the law requires school district students to take standardized tests in several subjects, specifies the courses that students must complete to earn a high school diploma, and specifies the reasons a district may suspend or expel a student.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-009

High-quality public schools (Version 2). [Ballot]

Aug 30, 2023 - The remaining funding is from a combination of local property taxes and federal funding. State Law Regulates School Operations in Many Areas. For example, the law requires school district students to take standardized tests in several subjects, specifies the courses that students must complete to earn a high school diploma, and specifies the reasons a district may suspend or expel a student.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-010

Landfills. [Ballot]

Aug 22, 2023 - Specifically, the measure allocates these revenues in the following ways: (1)  50  percent is retained by the owner of the garbage truck or dumpster for the purpose of purchasing electric garbage trucks and supporting related expenses; (2)  30  percent is provided to local governments to offset compliance costs, support road maintenance, and reduce waste-related taxes and fees
https://lao.ca.gov/BallotAnalysis/Initiative/2023-006

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Monthly Tax Collections Falling Short of Governor ’s Budget. Through April, income tax collections have fallen about $3.5 billion short of Governor ’s Budget projections. Similarly, corporation tax collections are down almost $2 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Monthly Tax Collections Falling Short of Governor ’s Budget. Through April, income tax collections have fallen about $3.5 billion short of Governor ’s Budget projections. Similarly, corporation tax collections are down almost $2 billion.
https://lao.ca.gov/LAOEconTax/article/Detail/777

Mental Health Services Act: LAO Update: The Governor's Revised Behavioral Health Modernization Proposal

Aug 21, 2023 - County spending flexibility was reduced in two ways: (1) by creating only one category, Behavioral Health Services and Supports (BHSS), with just 30 percent of MHSA funding that could accommodate flexible program expenditures and (2) by including a wide variety of programs that counties would need to spend funds on in the BHSS category (early intervention, capital facilities,
https://lao.ca.gov/Publications/Report/4792

Mental Health Services Act: Proposed Bond to Fund Behavioral Health Facilities and Veterans Housing

Aug 17, 2023 - These sources include (1)  dedicated vehicle license fee and sales tax revenue streams known as “realignment ” funds, (2)  revenues from the Mental Health Services Fund (MHSF) —established by the MHSA and funded through a 1  percent tax on incomes over $1  million, and (3)  federal funding accessed through Medi-Cal.
https://lao.ca.gov/Publications/Report/4790

K-12 Funding by Source [EdBudget]

Aug 14, 2023 - Also includes one-time facility funding and operational expenses of the California Department of Education and certain other agencies. b Includes $938 million increase in funding for arts instruction as required by Proposition 28 (2022). c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees,
https://lao.ca.gov/Education/EdBudget/Details/781

Mental Health Services Act: Impact of Governor's Proposal on Funding for Children and Youth

Aug 10, 2023 - Approved by voters in 2004, the MHSA places a 1  percent tax on personal income over $1  million and dedicates the associated revenues to mental health services. The vast majority ­ of MHSA revenues —at least 95   percent —goes directly to counties, ­ ­ ­ ­which use it to support a variety of services for individuals with or at risk of mental illness.
https://lao.ca.gov/Publications/Report/4786