The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - On May 14, 2024, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as the May Revision. In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
https://lao.ca.gov/Publications/Report/4902/1

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - On May 14, 2024, Governor Newsom presented a revised state budget proposal to the Legislature. This annual proposed revised budget is referred to as the May Revision. In this brief, we provide a summary of and comments on the Governor’s revised budget, focusing on the overall condition and structure of the state General Fund—the budget’s main operating account.
https://lao.ca.gov/Publications/Report/4902/2

2007 Initiative Analysis: California Class Action Reform and Corporate Accountability Act

This measure requires that 25  percent of punitive damage awards resulting from lawsuits brought under these new class action statutes be paid directly to the state. Any funds received by the state under this measure must be used to enforce laws promoting consumer protection, shareholder and pension protection, fire and police protection, and protection from insurance companies and discrimination.
https://lao.ca.gov/ballot/2007/070693.aspx

Income Tax Withholding Tracker: April 1 - April 26 [EconTax Blog]

Apr 26, 2021 - The final graph compares the state ’s year over year percent change in cumulative withholding in 2020-21 to the nation ’s withholding from the federal income tax, and shows that state collections have maintained a faster pace for months.
https://lao.ca.gov/LAOEconTax/Article/Detail/644

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options

May 12, 2022 - For instance, decreasing fuel excise taxes —absent any state funding backfill —would reduce revenues used to support state transportation projects, such as maintaining highways and local streets and roads.
https://lao.ca.gov/Publications/Report/4597

The 2022-23 Budget: Fuel Price and Other Fiscal Relief Options [Publication Details]

May 12, 2022 - In response to increasing prices across the economy—particularly fuel prices—the Legislature is contemplating a number of policies for providing fiscal relief to Californians. In this post, we identify key questions for the Legislature to consider when analyzing the merits of the options proposed by the Governor and in designing its own relief package.
https://lao.ca.gov/Publications/Detail/4597

May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]

May 17, 2024 - May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]   a Reflects CSU's main budget appropriation, excluding retiree health benefits and certain CalPERS cost adjustments. b The May Revision proposes a 7.95 percent reduction to state operations for most state departments.
https://lao.ca.gov/Education/EdBudget/Details/862

The 2022-23 Budget: Office of Planning and Research Higher Education Proposals [Publication Details]

May 10, 2022 - The Office of Planning and Research (OPR) is tasked by state law to support statewide planning and research activities. Among its many activities, the office has overseen certain higher education initiatives.
https://lao.ca.gov/Publications/Detail/4594

The 2022-23 Budget: Office of Planning and Research Higher Education Proposals

May 10, 2022 - Certain Capital Projects Are Excluded From State Appropriations Limit (SAL). As we noted in our recent report The State Appropriations Limit , the California Constitution limits the amount of revenue the state can appropriate each year.
https://lao.ca.gov/Publications/Report/4594

State Fiscal Health Index: July 2018 [EconTax Blog]

Sep 4, 2018 - State Fiscal Health Index: July 2018 [EconTax Blog] State Fiscal Health Index: July 2018 September 4, 2018 Justin Garosi Bottom Line: Economic conditions are consistent with historically strong state revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/304