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Status Check: Uses and Costs of Lease-Payment Bonds

May 3, 1995 - The Legislature has authorized $6.4 billion in /ease-payment bonds since 1983 and the Governor's Budget proposes $3.3 billion in new authorizations for 1995-96. Annual debt service costs on /ease-payment bonds have increased by almost $200 million over the last three years. For several reasons, total debt service costs for lease-payment bonds are significantly higher than general obligation bonds. We therefore recommend that the Legislature (1) minimize the use of lease-payment bonds in the future and (2) establish a multiyear plan to address its highest priority capital outlay needs using less costly financing alternatives-either direct appropriations or general obligation bonds. We also recommend a course of action for the budget year.

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Uses and Costs of Lease-Payment Bonds

May 3, 1995 - Uses and Costs of Lease-Payment Bonds

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Update California: The Impact of Federal Spending and Tax Proposals on California

May 1, 1995 - Congress is currently focusing much of its attention on proposals that would have significant impacts on the state's budget and on the way in which the state and local governments operate many programs. On April 25, we presented an overview of the impact of federal spending and tax proposals on California to the Joint Legislative Budget Committee. This Update presents the highlights of that overview.

Report

Juvenile Crime - Outlook for California

May 1, 1995 - The public's fear of crime, including juvenile crime, is a major concern for policymakers. In California, and throughout the nation, nightly news programs often begin their broadcasts with accounts of violent crime committed by juveniles.

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Juvenile Crime: Outlook for California

May 1, 1995 - This report, an effort to help those concerned with addressing the problems of juvenile crime, is not designed to present comprehensive answers to all of the questions concerning juvenile crime, but rather it provides basic information on the issues. It does this through a "quick-reference" document that relies heavily on charts to present information.

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(1) The Impact of Federal Spending and Tax Proposals on California, and (2) Economic and Revenue Developments

May 1, 1995 - (1) The Impact of Federal Spending and Tax Proposals on California, and (2) Economic and Revenue Developments

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Personal Responsibility Act of 1995: Fiscal Effect on California

April 25, 1995 - Personal Responsibility Act of 1995: Fiscal Effect on California

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Update California: Budget and Cash Developments

April 1, 1995 - In this Update, we identify and discuss major changes to the state's budget outlook and cash position which have occurred since the Governor's 1995-96 budget was submitted in January. In mid-May the Department of Finance will release the administration's May Revision to its January budget proposal. The May Revision will include a comprehensive update of the revenue and spending estimates presented in the January budget, as well as a revised projection of the state's cash position through 1995-96. This Update presents a preview of some of the major budget-related changes that have occurred since January and their implications for the state's current budget outlook and cash projections. Shortly after the May Revision is released we will present our assessment of the revised budget proposal, including a reassessment of the budget's risks and assumptions, and a discussion of any issues for legislative consideration raised by the budget revisions.

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Budget and Cash Developments

April 1, 1995 - Budget and Cash Developments

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Trends in K-12 Education Funding

March 1, 1995 - While California school districts are supported primarily from Proposition 98 funds (state funds and local property taxes), they also receive considerable support from other sources. Below, we discuss K-12 education funding from all sources, first as proposed in the 1995-96 Governor's Budget and then over the past ten-year period.

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The Governor's 1995-96 State-County Realignment Proposal

March 1, 1995 - The 1995-96 Governor's Budget includes a realignment proposal which would increase county funding responsibility for the Aid to Families with Dependent Children (AFDC) Program and for several children's services programs. Most of the additional county costs would be offset by increasing the state share of the trial court program and by a transfer of sales tax and trial court revenues to the counties.

Report

Update California - Trends in K-12 Education Funding

March 1, 1995 - While California school districts are supported primarily from Proposition 98 funds (state funds and local property taxes), they also receive considerable support from other sources. In this report, we discuss K-12 education funding from all sources, first as proposed in the 1995-96 Governor's Budget and then over the past ten-year period.

Report

(1) Trends in K-12 Education Funding, and (2) Economic and Revenue Developments

March 1, 1995 - (1) Trends in K-12 Education Funding, and (2) Economic and Revenue Developments

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Implementing New Federal Education Legislation

February 22, 1995 - Implementing New Federal Education Legislation

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Implementing New Federal Education Legislation

February 1, 1995 - Within the past year, the federal government enacted three federal education programs: The Goals 2000: Educate America Act, The School-to-Work Opportunities Act, and The Elementary and Secondary Education: Improving America's Schools Act. These new acts reflect a new federal strategy for improving K-12 education, a strategy that is evident in four common themes contained in the acts. First, the new acts require states to set goals for what all students should learn. By creating statewide goals for all students, the federal acts seek to raise the standards for compensatory programs and reduce the fragmentation of services provided to students. Second, instead of a process-oriented oversight role, the acts seek to judge local programs by how well students are educated. This new approach to accountability provides more state and local flexibility over how to achieve improved outcomes. Third, a set of state improvement activities are defined that are common to each act. These activities revolve around technical assistance and staff development activities, plan approval and fund allocation, and setting specific performance standards. Finally, the acts encourage increased coordination among federal education programs. Coordination is designed to reduce fragmentation of federal programs at the state and local level.