Use either the form or links on the side to filter the list of publications. Browse other LAO products using the links at the bottom of the sidebar.
4,622 Publications Found
December 1, 1993 - California Update: Federal Awards for California’s Defense Conversion
November 1, 1993 - California Update: Superior Court Invalidates Proposition 98 Funding Shifts
October 25, 1993 - Performance Budgeting: Reshaping The State’s Budget Process
October 1, 1993 - Common Cents—Background Material on State and Local Government Finances
October 1, 1993 - California Update: Per Pupil Funding Under Proposition 98: What Do the Coming Years Hold?
September 1, 1993 - This report summarizes the fiscal effect of the 1993 Budget Act (Ch 55/93, SB 80), including the effects of major legislation that was enacted as part of the overall state spending plan for 1993-94. Our review indicates that the recently enacted two-year budget plan is now out of balance due to a variety of budget adjustments. These adjustments, reflecting actions or decisions that already have occurred, increase spending over the two years by a total of $660 million, which results in a 1994-95 ending deficit of $560 million in the General Fund, absent corrective action, rather than the $100 million reserve that was projected by the Administration when the budget was adopted.
August 31, 1993 - Supplemental Report of the 1993 Budget Act
August 20, 1993 - The Legislature is considering legislation that would enhance early retirement incentives, otherwise known as "golden handshakes." In this document, we review concepts, current law, and pending legislation regarding golden handshakes. If the Legislature concludes that additional golden handshake authority is needed, we believe the Legislature should consider the steps outlined below as ways to assure accomplishing its policy goals.
August 1, 1993 - Federal Budget Plan—California Impacts
July 1, 1993 - California Update: 1993-94 Budget Enacted
July 1, 1993 - On June 30, Governor Wilson signed the 1993 Budget Act and various companion measures that, together, comprise the 1993-94 budget package. These measures authorize total state spending of $52.1 billion, consisting of $38.5 billion from the General Fund, $12.1 billion from special funds, and $1.5 billion from bond funds. Compared with 1992-93, total state spending will decrease by $5.5 billion, or 9.6 percent. General Fund spending declines by $2.6 billion and spending from bond funds declines by $3.2 billion, while special fund spending increases slightly by $220 million. A major feature of the budget package is the adoption of the Governor’s proposal to shift $2.6 billion of property tax revenues from local governments to schools. This shift reduces the state’s education funding requirement under Proposition 98 by an equivalent amount.
July 1, 1993 - 1993-94 Budget Enacted; Economic and Revenue Developments
June 1, 1993 - In this brief, we review the existing authority of counties to raise the local sales tax, and the viability of this proposed method for offsetting the county revenue losses associated with the proposed property tax shift. As we concluded in our May Revision analysis, the proposals to offset county property tax revenue losses fall short. The revenue likely to be generated from additional local sales taxes—if these taxes are put on the ballot, passed by the voters, and survive likely legal challenges—would offset less than 20 percent of counties’ revenue loss, on average, in 1993-94.
June 1, 1993 - Legislature Passes 1993-94 Budget
May 1, 1993 - On May 20th, the Administration issued the May Revision of the 1993-94 Governor’s Budget. As originally presented in January, the budget proposal addressed a budget gap that we estimated at $8.6 billion (please see The 1993-94 Budget: Perspectives and Issues, Part I ). Since the introduction of the original budget proposal, this gap has declined slightly. In contrast, the amount of savings that could be achieved from the original budget proposals has decreased by a much larger amount. While the May Revision does propose some additional spending reductions to partially replace these lost savings, the Administration proposes to roll over a deficit of $667 million into 1994-95. A major solution component continues to be a $2.6 billion local property tax shift. We conclude that, as currently structured, this property tax shift proposal is unworkable. It significantly reduces local (especially county) resources without a corresponding change in local responsibilities or a practical way to find replacement revenue in 1993-94.