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July 19, 2017 - Statements of legislative intent and requests for studies adopted during deliberations on the 2017-18 budget package.
Correction 7/31/17: Removed 3100-301-0001 California Science Center – ADA elevator.
Correction 7/31/17: Title of item 1701-001-0067 changed to “Broker-Dealer Investment Advisor Program.”
July 6, 2017 - Los Angeles' prospects for hosting an Olympic and Paralympic Games are strong, according to widespread reports. The California Legislature has provided a $250 million backup guarantee for shortfalls of the 2024 Games, but Los Angeles' bid for 2024 is fairly low risk and it is hoped that no state guarantee funds will ever have to be paid out. As the possible due date for the Governor's execution of a guarantee contract with Games organizers approaches, our office continues to recommend a strong legislative oversight role to help Games organizers deliver a low-cost and successful event. This update focuses on (1) yesterday's report from a key Olympic commission evaluating the 2024 bids of Los Angeles and Paris and (2) the widely reported possibility that Los Angeles or Paris will be offered the chance to host the Games in 2028 instead of 2024.
June 26, 2017 -
Provides various analyses related to an oversupply of allowances in the state's cap-and-trade program. Specifically, the letter:
June 20, 2017 - In the coming years, more and more aging homeowners likely will look to sell their homes. This surge in sales should boost local government property tax collections. These potential property tax gains are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.
June 8, 2017 - Presented to: Budget Conference Committee
June 8, 2017 - In April 2017, the Legislature enacted Chapter 5 (SB 1, Beall), also known as the Road Repair and Accountability Act. The administration estimates this legislation will increase state revenues for California’s transportation system by an average of $5.2 billion annually over the next decade. In this report, we (1) provide a brief background on the state’s transportation system, (2) describe the major features of the transportation funding package contained in the legislation, and (3) discuss issues for the Legislature to consider moving forward.
June 7, 2017 - Presented to Budget Conference Committee
June 7, 2017 - Presented to: Assembly Budget Subcommittee No. 6 On Budget Process, Oversight, and Program Evaluation
June 2, 2017 - Presented to Budget Conference Committee