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4,786 Publications Found
October 19, 2020 - This post discusses the administration’s recent notice to the Legislature, which estimates state emergency costs of $1.3 billion to fight this year’s wildfires. Provides context on the extreme wildfire season of 2020, as well as implications for the state budget.
October 16, 2020 - This post summarizes the state’s 2020-21 spending package for higher education. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget. In this post, we cover spending for the California Community Colleges, California State University, University of California, and student financial aid. The EdBudget part of our website contains dozens of tables providing more detail about the 2020-21 education budget package.
October 16, 2020 - Provides an overview of the recent expansion of online services at the Department of Motor Vehicles, including the creation of the Virtual Field Office, as well as potential fiscal and service implications of this expansion and other issues for legislative consideration.
October 15, 2020 - From the General Fund, the 2020-21 spending plan provides $26.7 billion for health programs—an increase of 3 percent over estimated 2019-20 General Fund spending for these programs. The year-over-year net increase in General Fund spending is largely due to the projected COVID-19-related increase in the Medi-Cal caseload. The post describes major health-related actions (both policy actions and various budget adjustments) adopted by the Legislature as part of its 2020-21 spending plan. These actions include the offsetting of what would otherwise be General Fund costs with (1) revenues from the federally approved reauthorized tax on managed care organizations and (2) federal Medicaid funds that are being provided to the state at an enhanced level during the term of the public health emergency.
October 14, 2020 - Presented to: Assembly Education Committee Hon. Patrick O’Donnell, Chair and Assembly Communications and Conveyance Committee Hon. Miguel Santiago, Chair
October 12, 2020 - The 2020-21 budget package includes actions related to the state’s two largest pension systems—CalPERS and CalSTRS—that result in immediate savings for the state and school employers, while forgoing significant longer-term savings. To achieve these immediate savings, the 2020-21 budget package: 1) repurposes nearly $5 billion of supplemental payments made as part of the 2019-20 budget package on behalf of the state and school employers, and 2) suspends the CalSTRS board’s authority to increase the state’s contribution rate in 20202-21.
October 8, 2020 - This post describes the 2020-21 budget actions related to housing and homelessness issues.
October 7, 2020 - The 2020-21 Budget: California Spending Plan — Other Provisions.
October 7, 2020 - Presented to: Assembly Budget Subcommittee No. 4 on State Administration Hon. Jim Cooper, Chair
October 5, 2020 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2020-21 budget package. As more of these posts become available, we will add them below.
October 5, 2020 - The budget package provides a total of $10.9 billion from various fund sources—the General Fund, bond funds, and various special funds—for programs administered by the California Natural Resources and Environmental Protection Agencies. This is a net decrease of $4.4 billion (29 percent) compared to 2019‑20 estimated expenditures.
October 5, 2020 - The 2020-21 Budget Act includes several new initiatives and policy changes related to labor and employment programs. This post provides a high-level overview of the state’s major labor and employment programs and highlights the major labor issues in the budget package, including provisions related to the coronavirus disease 2019 (COVID-19) pandemic.
October 5, 2020 - The 2020‑21 budget provides a total of $26.4 billion for transportation-related programs, including the California Department of Transportation (Caltrans), high-speed rail, local streets and roads (shared revenues), California Highway Patrol (CHP), and Department of Motor Vehicles (DMV).
October 5, 2020 - The federal government has several programs to provide financial assistance to small businesses affected by coronavirus disease 2019 (COVID-19) public health crisis. The Small Business Finance Center (SBFC) at the California Infrastructure and Economic Development Bank (IBank) makes loan guarantees to small businesses that cannot otherwise get financing from conventional sources. CDFIs are lenders that provide loans and other financial services to low-income communities that are underserved by traditional banks and credit unions.
October 5, 2020 - The 2020‑21 budget package included several tax policy changes. Overall, the budget package assumes these changes will result in a net revenue increase of about $4 billion in 2020‑21. Starting in 2023‑24, the net effect of these changes are expected to reduce revenues below what they otherwise would have been.