California lawmakers have proposed more taxes and fees in the first half of the 2017-18 legislative session than in all of 2015 or 2016. If each proposal became law, the tax burden in California would increase by more than $373 billion per year. To put this in context, all revenue in the 2017-18 State Budget is expected to bring in $178.4 billion.
The proposed spending is more than double the $3.09 billion in cap-and-trade auction spending included in Governor Jerry Brown’s proposed budget, and comes at a time when the spending of auction revenue is under scrutiny. The auctions are generating billions of dollars a year for programs that are unrelated to those who are required to pay, but the process was not approved by a two-thirds majority of lawmakers, as the California Constitution requires for tax increases.
The California Tax Foundation on October 1 released the state’s first comprehensive study of California parcel taxes, identifying more than $1.9 billion in parcel taxes imposed annually on property owners.