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New Business Creation by Sector [EconTax Blog]

May 27, 2021 - Despite these differences, a ll five sectors have followed the same broad monthly pattern over the past year, with big increases in the summer of 2020 and the beginning of 2021.  
https://lao.ca.gov/LAOEconTax/Article/Detail/658

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential

May 27, 2021 - This manifests in operating deficits that persist through the outlook horizon (202425). Adopting a budget with this combination of assumptions is inadvisable in our view. One reason is that—given the state’s balanced-budget requirement—doing so requires assuming that the multiyear budget projections are wrong.
https://lao.ca.gov/Publications/Report/4443

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential [Publication Details]

May 27, 2021 - This manifests in operating deficits that persist through the outlook horizon (202425). Adopting a budget with this combination of assumptions is inadvisable in our view. One reason is that—given the state’s balanced-budget requirement—doing so requires assuming that the multiyear budget projections are wrong.
https://lao.ca.gov/Publications/Detail/4443

Repaying the State’s Federal Unemployment Insurance Loan

May 26, 2021 - The federal UI tax rate continues to increase by increments of 0.3  percentage points each year until the loans are fully repaid, at which point the federal tax returns to its usual rate of 0.6  percent.
https://lao.ca.gov/Publications/Report/4442

Comparing LAO and May Revision Estimates of the Proposition 98 Guarantee [EdBudget]

May 25, 2021 - Comparing LAO and May Revision Estimates of the Proposition 98 Guarantee [EdBudget]     a The May Revision proposes to adjust the minimum guarantee upward ("rebench") for the expansion of transitional kindergarten to all four-year old children by 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/514

LAO May Outlook Estimates of Proposition 98 Guarantee [EdBudget]

May 25, 2021 - a The May Revision proposes to adjust the minimum guarantee upward ("rebench") for the expansion of transitional kindergarten to all four-year old children by 2024-25. The estimates of the guarantee in this table exclude this adjustment.
https://lao.ca.gov/Education/EdBudget/Details/513

Proposition 98 Spending Proposals Under May Revision [EdBudget]

May 25, 2021 - Applies to the Foster Youth Program, American Indian Early Childhood Education, Special Education, Preschool, Child Nutrition, charter school facility grant program, and K-12 mandates block grant. c May Revision also contains $2 billion in federal funding for this purpose.   
https://lao.ca.gov/Education/EdBudget/Details/511

California Community Colleges Capital Outlay Projects Under Governor's Budget and May Revision [EdBudget]

May 24, 2021 - State costs for all years are $4.9 million higher than the amount approved in 2020-21 and total costs are $9.8 million higher. P = preliminary plans. W = working drawings. C = construction.     Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/498

The 2021-22 Budget: LAO Preliminary Comments on the Governor’s Major May Revision Behavioral Health Proposals

May 24, 2021 - The Governor ’s May Revision includes $5  million CFRF in 2021 ‑22, $50  million General Fund in 2022 ‑23, $40  million General Fund in 202425, and $5  million General Fund in 2025 ‑26 to the California Department of Public Health to implement a behavioral health literacy awareness campaign.
https://lao.ca.gov/Publications/Report/4439

The 2021-22 Budget: Department of Developmental Services (DDS) May Revision Budget Proposal

May 24, 2021 - (While the higher HCBS matching rate can only be claimed on state HCBS spending between April 1, 2021 through March  31, 2022, states can use the additional funds generated through March  31, 2024.) The ARP Act stipulated that funding could not supplant state funding.
https://lao.ca.gov/Publications/Report/4438