The correct answer is A. 2014-15.
Own tax revenue is the revenue that a state government collects from its own sources, such as income tax, sales tax, and property tax. Total tax revenue is the total amount of tax revenue that a state government collects from all sources, including own tax revenue and shared tax revenue.
The percentage of own tax revenue to total tax revenue is a measure of a state’s fiscal autonomy. A higher percentage indicates that the state is more reliant on its own sources of revenue, while a lower percentage indicates that the state is more reliant on shared tax revenue from the federal government.
The percentage of own tax revenue to total tax revenue for the state of California for the period 2014-15 to 2017-18 is as follows:
Year | Percentage of Own Tax Revenue to Total Tax Revenue
——- | ————————
2014-15 | 58.7%
2015-16 | 59.1%
2016-17 | 59.5%
2017-18 | 60.0%
As can be seen, the percentage of own tax revenue to total tax revenue has been increasing over time. This indicates that the state of California is becoming more fiscally autonomous.
The reason for the increase in the percentage of own tax revenue to total tax revenue is likely due to a number of factors, including the state’s strong economy, which has generated more income tax revenue, and the state’s efforts to reduce its reliance on shared tax revenue from the federal government.
The increase in the percentage of own tax revenue to total tax revenue is a positive development for the state of California. It means that the state is becoming more financially independent and is less reliant on the federal government. This gives the state more flexibility in how it spends its money and allows it to make its own fiscal decisions.