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LAO Report

Report

(1) House and Senate Welfare Reform, and (2) Economic and Revenue Developments

September 19, 1995 - (1) House and Senate Welfare Reform, and (2) Economic and Revenue Developments


Report

House and Senate Welfare Reform: Fiscal Effects on California

September 7, 1995 - House and Senate Welfare Reform: Fiscal Effects on California


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A Review of the Orange County Recovery Plan As Proposed August 22, 1995

September 1, 1995 - A Review of the Orange County Recovery Plan As Proposed August 22, 1995


Report

(1) California’s 1994 Crime Rate, and (2) Economic and Revenue Developments

August 28, 1995 - (1) California’s 1994 Crime Rate, and (2) Economic and Revenue Developments


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A Review of the Orange County Recovery Plan as Proposed August 22, 1995

August 22, 1995 - On December 6, 1994, Orange County and its investment pool filed for protection under Chapter 9 of the U.S. Bankruptcy Code. The Chapter 9 filing followed a $1.7 billion loss in the pool's investment portfolio.


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Focus Budget 1995: Highlighting Major Features of the 1995 California Budget

August 4, 1995 - The 1995 Budget Act was signed by Governor Wilson on August 3, 1995. The Budget Act and related trailer legislation comprise a budget package that authorizes total state spending of $59.1 billion in 1995-96, consisting of $43.4 billion from the General Fund, $15 billion from special funds, and $0.7 billion from selected bond funds. This represents an increase of 4.4 percent in total state spending relative to 1994-95" General Fund spending will increase by $1.7 billion, or 4 percent, while spending from special funds will increase by $1.2 billion, or 8.7 percent.


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Update California: California's 1994 Crime Rate

August 1, 1995 - The California Department of Justice (DOJ) recently released the state's 1994 crime statistics, which show that reported crime in California hit a ten-year low in 1994. In this issue of Cal Update, we discuss the 1994 crime rate, the long-term trends in the rate, and changes in crime rates among the state's larger cities and counties.


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Economic and Budget Developments

July 27, 1995 - Economic and Budget Developments


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An Overview and Assessment of Los Angeles County's 1995-96 Budget Problem

July 11, 1995 - In June 1995, the Los Angeles County Chief Administrative Officer (CAO) submitted the county's 1995-96 proposed budget to the Board of Supervisors.


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Update California: Economic and Budget Developments

July 1, 1995 - In this Update, we discuss recent revenue and economic developments, and review the characteristics of California job growth during the current economic expansion.


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An Overview and Assessment of Los Angeles County’s 1995-96 Budget Problem

July 1, 1995 - An Overview and Assessment of Los Angeles County’s 1995-96 Budget Problem


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Update California: Economic and Revenue Developments

June 1, 1995 - In this UPDATE, we summarize the economic and revenue changes in the May Revision to the Governor's 1995-96 budget proposal, and discuss developments that have occurred since the release of the updated spending plan.


Report

University of California Workload, Costs, and Fees

June 1, 1995 - University of California Workload, Costs, and Fees


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Economic and Revenue Developments

June 1, 1995 - Economic and Revenue Developments


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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.