An Update on California’s Cash Management Situation

Aug 31, 2020 - The preferred source for comparing budget projections to cash actuals are Agency cash reports, for example, as displayed on the LAO Economy and Taxes Blog .) Significant Federal Reimbursements for COVID-19 Direct Expenditures Anticipated in 2020-21.
https://lao.ca.gov/Publications/Report/4266

The 2022-23 Budget: Fuel Tax Rates [Publication Details]

Feb 11, 2022 - The 2022-23 Budget: Fuel Tax Rates [Publication Details] Description: In this post, we analyze the Governor’s proposed one-year fuel tax holiday. This proposal presents the Legislature with a tradeoff between reducing fuel expenses and funding state highway projects.
https://lao.ca.gov/Publications/Detail/4528

The 2022-23 Budget: Fuel Tax Rates

Feb 11, 2022 - (We provide additional information about gasoline taxes at https://lao.ca.gov/Transportation/FAQs .) State Adjusts Fuel Excise Taxes Annually. Under current law, the state adjusts its fuel excise tax rates on July 1 every year.
https://lao.ca.gov/Publications/Report/4528

Annual Report on Tax Exemptions for Medicinal Cannabis [Publication Details]

Jun 24, 2022 - Annual Report on Tax Exemptions for Medicinal Cannabis [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/4608

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - Annual Report on Tax Exemptions for Medicinal Cannabis June 24, 2022 Annual Report on Tax Exemptions for Medicinal Cannabis Statutory Data Reporting Requirement. Chapter  837 of 2019 (SB  34, Wiener) established new tax exemptions for donations of medicinal cannabis.
https://lao.ca.gov/Publications/Report/4608

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options [Publication Details]

May 12, 2022 - In response to increasing prices across the economy—particularly fuel prices—the Legislature is contemplating a number of policies for providing fiscal relief to Californians. In this post, we identify key questions for the Legislature to consider when analyzing the merits of the options proposed by the Governor and in designing its own relief package.
https://lao.ca.gov/Publications/Detail/4597

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - Figure 3 Key Legislative Options for Providing Fiscal Relief Fuel Price Focus Reduce gasoline and diesel excise tax rates. a,b Reduce diesel sales tax rate. a Provide tax refunds to vehicle owners. a Targeted Economic Focus Provide tax refunds to lower ‑income households.
https://lao.ca.gov/Publications/Report/4597

Building Reserves to Prepare for a Recession

Mar 7, 2018 - A budget problem represents the amount by which expenditures exceed revenues in a given year. A budget problem is not the same as a revenue loss. That is because some state expenditures adjust automatically to changing revenue conditions, in general offsetting losses.
https://lao.ca.gov/Publications/Report/3769

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Earned Income Tax Credit Expands Eligibility for California Earned Income Tax Credit (EITC). The California EITC is a personal income tax credit that is intended to reduce poverty by increasing the after-tax income of California ’s poorest working households.
https://lao.ca.gov/Publications/Report/4270

The 2020-21 Spending Plan: Tax Changes [Publication Details]

Oct 5, 2020 - The 2020-21 Spending Plan: Tax Changes [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/4270