12/26/2024

Tax Watch, Major Taxes and Fees Introduced in the California Legislature

California lawmakers introduced 33 bills and constitutional amendments that, if enacted, would increase taxes and fees by more than $269 billion annually — more than doubling the amount of state
taxes and fees already paid. 2018 is the second year of a two-year legislative session, and already the Legislature is on track to introduce more taxes and fees than in prior years.

Despite an expected state budget reserve of $13.5 billion, lawmakers continue to propose higher taxes and fees. The governor’s January budget forecasts that state revenue is growing, and that the state will
collect approximately $191.26 billion in revenue for the 2018-19 fiscal year — about $8.1 billion more than in the prior fiscal year.

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