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February 1, 1990 - The state is faced with a large and growing need to revitalize and expand its infrastructure. Although the state does not have a comprehensive plan to identify its specific capital outlay requirements and associated costs, it is clear that the state's infrastructure needs are in the tens of billions of dollars. To better identify these requirements, establish priorities and develop an appropriate financing plan for this infrastructure, the state needs a comprehensive multi-year capital outlay plan. Until such a plan is available, however, we suggest the Legislative establish criteria to assess specific capital outlay proposals. We also believe the Legislature should establish standards for maintenance of state facilities and set as a high priority goal the elimination of deferred maintenance.
January 1, 1990 - One of the more significant issues facing the Legislature during the next several months will be to decide what bond measures it should place on the June and November statewide ballots for voter approval. This decision is important because bonds are the principal means by which the state's infrastructure needs are currently being financed, and a large and growing inventory of unmet infrastructure needs exists. How well the state's infrastructure needs are addressed will be a principal determinant of the future health of the state's economy and the quality of life for many Californians in the years to come.
February 1, 1989 - The Level of State Indebtedness
December 1, 1987 - This report deals with the general subject of bond financing, including the policy factors which the Legislature must consider regarding the use of bonds.
February 1, 1987 - Transportation and Waste Treatment Infrastructure
February 1, 1987 - Higher Education Facilities Planning
February 1, 1987 - State Bonds After Federal Tax Reform
April 1, 1986 - During the past several years, the Legislature has authorized a major expansion of the state's prison system. This expansion provides for 12 new prisons and additions to existing prisons which will cost more than $1.5 billion to build and about $750 million annually to operate. This report examines the Department of Corrections' progress in bringing these prisons on line.
February 20, 1986 - We believe that the best long-term solution to financing the construction and reconstruction of local school facilities is to return the primary responsibility for raising revenues to the local school districts themselves. In this piece, we discuss how this can be accomplished, while conforming to the principles of equity in school finance enunciated by the California Supreme Court in Serrano v. Priest.
June 1, 1985 - In 1980, the California Legislature enacted AB 1404 (Chapter 1328, Statutes of 1980), which shortened the time period over which certain cogeneration equipment can be depreciated for California tax purposes. Specifically, AB 1404 provides that certain cogeneration equipment placed in service before January 1, 1986, can be depreciated over either a one-year or five-year period when the equipment is located in-state, and over a five-year period when the equipment is located out-of-state. Prior to AB 1404, the amortization period for cogeneration equipment corresponded to the useful economic life of the equipment. This could be as much as 20 years or more.