Update on School District Budgets [Publication Details]

Nov 16, 2020 - This post provides an update on the fiscal condition of California’s school districts as the state begins the process for developing its 2021-22 budget.
https://lao.ca.gov/Publications/Detail/4301

Update on School District Budgets

Nov 16, 2020 - The state budget largely avoids reductions to schools and provides fiscal relief through one-time federal funding and lower pension contribution rates. In future years, however, these fiscal supports will recede and districts will be left with pension and health benefit costs ratche ting higher on the one hand and reduced funding growth —a consequence of declining student attendance —on the other.
https://lao.ca.gov/Publications/Report/4301

Income Tax Withholding Tracker: November 9 - November 13 [EconTax Blog]

Nov 13, 2020 - Nonetheless, given the pace and severity of the shift in the state ’s economy resulting from the COVID-19 pandemic, tracking weekly withholding is worthwhile as a way to assess the state ’s evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/579

October 2020 State Tax Collections [EconTax Blog]

Nov 13, 2020 - October 2020 State Tax Collections [EconTax Blog] Seth Kerstein October revenue collections from the state ’s three largest taxes —the personal income tax, corporation tax, and sales tax —were ahead of budget projections by $2.8 billion (40 percent).  
https://lao.ca.gov/LAOEconTax/Article/Detail/578

An Analysis of University Cash Management Issues [Publication Details]

Nov 10, 2020 - An Analysis of University Cash Management Issues [Publication Details] An Analysis of University Cash Management Issues Format: HTML Description: In contrast to the state, the California State University and the University of California typically do not face cash timing issues.
https://lao.ca.gov/Publications/Detail/4293

Expanding Access to Safe and Affordable Drinking Water in California—A Status Update [Publication Details]

Nov 10, 2020 - The legislation tasked the State Water Resources Control Board (SWRCB) with administering the funding and overseeing efforts to implement both short‑ and long‑term solutions to persistent drinking water problems.
https://lao.ca.gov/Publications/Detail/4294

Expanding Access to Safe and Affordable Drinking Water in California—A Status Update

Nov 10, 2020 - Water quality not regularly monitored by the state or local governments. At least 350,000 across the state, providing water for between 1.5 million and 2.5 million Californians. Very Small Water Systems and Wells Are Not Regulated by the State.
https://lao.ca.gov/Publications/Report/4294

An Analysis of University Cash Management Issues

Nov 10, 2020 - UC Has Been Borrowing to Make Pension Contributions. In addition to shifting funds into its long-term investment account, UC has borrowed funds internally from its short-term investment account and externally using bonds to help make its annual pension contributions.
https://lao.ca.gov/Publications/Report/4293

An Analysis of University Reserves

Nov 10, 2020 - State law is silent even on whether the state or the universities are responsible for helping campuses respond to downturns. Moreover, state law offers no guidance on either minimum or maximum university reserve levels.
https://lao.ca.gov/Publications/Report/4295

An Analysis of University Reserves [Publication Details]

Nov 10, 2020 - Importantly, though the state viewed the universities’ reserves as a budget tool for mitigating funding reductions this year, state law is silent on the level of reserves CSU and UC are to carry, the purposes of those reserves, and the interaction of those reserves with the state’s reserves.
https://lao.ca.gov/Publications/Detail/4295