history ch 22

long term or permanent

opposed prop 13 and was agianst cutting taxes

the gov

budget that caters to members voting intereswts that helped get elected

contributed heavily to the elections of statewide officers and state legislatures that reciece a number of annual tax breaks

ligislativie analyst office that is not associated with a specific character

terms for both state senators and cut 60% of LAO budget which made analyzing fiscal bills imposible.

tax takes a greater % of income from people with HIGH INCOMES

tax that takes a greater % of income from people with LOW INCOMES

• state income tax
• largest source of state revenue
• progressive tax/

• second largest number of tax dollars
• regressive tax

• basic rate of 8.84% of profits that are earned in the state
• corporations taxed by the state gov generated 10% of state revenue

sin tax. selective imposed only on tobacco alcohol and gasoline

• full faith and credot
• long term financing that is slowly paid back by state revenue which comes from taxpayers

• finance a gov facility that will generate funds used to pay back bond debt
• some worry about long term repercussions of relying on borrowing.

• requires only a simple majority vote of state legislature
• funds borrowed normally small but interest reates are higher

education

28% extends to health care to low income facilities, elderly, and disabled through medi-cal programs and TANF

31% of county revenue

• 31% comes from state
• federal funds
• provide services to municipal gov through concract city arrangements
• service charges for utilities, licenses and permits
• impose percentage points on statewide sales tax rate
• developer fees, buisness license, and hotel taxes

• govenor submits executive budget plan to state legislature by jan 10
• realisticly starts 6 months before
• assigned to the asselmbly budget - reviewed- parcled out by subject to subcommiittee
• LAO- extensive analysis- hearings and testimonies
• may revise
• prop 25, 22, 26
• govenor signs budget bill

extensive analysis citing strong and weak points

dept of finance conducted a projection of the states financial picture. done after taxs due in april

pass a state budget changed from 2/3 to simple majority

restricted state government use of fuds marked for transportation and local gov

requires 2/3 majority to approve fees and taxs

ability to reject any particular item in the state budeget. not the president