Evaluation of the Better for Families Tax Refund [Publication Details]

Apr 1, 2024 - Evaluation of the Better for Families Tax Refund [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/4891

The 2024-25 Budget: In-Home Supportive Services

Feb 29, 2024 - We will continue to work with the administration to monitor expenditures and provide updates at the May Revision if necessary. However, by better aligning the budgeted amount with actual program expenditures, it is likely that for 2023-24 and 2024-25 combined, there could be savings of over $25  million General Fund.
https://lao.ca.gov/Publications/Report/4868

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - 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/799

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - 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/799

Proposition 1 [Ballot]

Mar 5, 2024 - Proposal No Changes to Tax. Proposition  1 does not change the tax on people with incomes over $1  million per year. State Gets Larger Share of Tax. As shown in Figure  1, Proposition  1 increases the share of the MHSA tax that the state gets for mental health programs.
https://lao.ca.gov/BallotAnalysis/Proposition?number=1&year=2024

Evaluating State Economic Stimulus Proposals [Publication Details]

Feb 1, 2021 - In this report, we offer the Legislature guidance on how to evaluate fiscal stimulus proposals. We pose six key questions to ask when assessing specific proposals and provide specific elements that can be incorporated into proposals to increase their potential effectiveness.
https://lao.ca.gov/Publications/Detail/4331

Review of the Funding Determination Process for Nonclassroom-Based Charter Schools

Feb 29, 2024 - A  dependent charter school also commonly has its expenditure data integrated within the authorizer ’s data, not reported separately. Conversely, “independent ” charter schools report their expenditure data separately from their authorizers and are likely to  be  directly  funded.
https://lao.ca.gov/Publications/Report/4870

The 2024-25 Budget: Broadband Infrastructure

Feb 28, 2024 - CPUC proposes to increase its CASF local assistance expenditure authority from the current $72.6 million to $136.2 million in 2024‑25 and ongoing. An additional $13.8 million in CASF expenditure authority is requested primarily to cover state operations costs, for a total expenditure authority request of $150 million.
https://lao.ca.gov/Publications/Report/4867

U.S. Retail Sales Update: December 2023 [EconTax Blog]

Jan 17, 2024 - U.S. retail sales have grown 0.7 percent over the last 3 months and 5.6 percent over the last 12 months. Both of these growth rates outpaced inflation.
https://lao.ca.gov/LAOEconTax/article/Detail/794

U.S. Retail Sales Update: December 2023 [EconTax Blog]

Jan 17, 2024 - U.S. retail sales have grown 0.7 percent over the last 3 months and 5.6 percent over the last 12 months. Both of these growth rates outpaced inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/794