The 2021-22 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Nov 18, 2020 - In this web post, we describe the major factors that we expect to drive changes in General Fund spending in Medi‑Cal over the near term—in 2020‑21 and 2021‑22—and over the longer term through 2024‑25.
https://lao.ca.gov/Publications/Detail/4299

U.S. Retail Sales Update: October 2020 [EconTax Blog]

Nov 17, 2020 - Monthly Sales Remained Higher Than Last Year. October was the sixth straight month of growth in U.S. retail sales and the fifth straight month in which sales were higher than last year. In particular, seasonally adjusted sales rose by 0.3 percent from September to October, making sales in October 2020 5.7 percent higher than sales in October 2019. 2020 ’s Ten-Month Total Nearly Equals 2019 ’s.
https://lao.ca.gov/LAOEconTax/Article/Detail/580

Update on School District Budgets [Publication Details]

Nov 16, 2020 - Update on School District Budgets [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4301

Update on School District Budgets

Nov 16, 2020 - The main objective of the COE is to determine whether the budget allows the school district to meet its financial obligations during the fiscal year. School Districts Revise Their Budgets Throughout the Fiscal Year.
https://lao.ca.gov/Publications/Report/4301

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

Nov 13, 2020 - Federal withholding this week was down 16 percent from 2019, and California withholding this week in 2009 was down 25 percent from 2008.  
https://lao.ca.gov/LAOEconTax/Article/Detail/579

October 2020 State Tax Collections [EconTax Blog]

Nov 13, 2020 - Next week, we will release our annual Fiscal Outlook, which will discuss the implications of these better-than-expected collections for the state ’s revenue outlook in the coming months and years. Withholding and sales tax receipts continue to be the largest sources of better-than-expected collections.
https://lao.ca.gov/LAOEconTax/Article/Detail/578

An Analysis of University Reserves

Nov 10, 2020 - For example, it had seven months of total housing reserves (of which  one month was uncommitted) and 25 months of total parking reserves (of which  five months were uncommitted). At UC, total reserves adjusted for expenditures at the end of 2018-19 were similarly higher for medical centers and its other noncore programs than for its core operating fund.
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

An Analysis of University Cash Management Issues [Publication Details]

Nov 10, 2020 - Given these developments, monitoring the universities’ fiscal condition over the coming years will be especially important for the Legislature. Reports by Policy Area
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 - One year later, SWRCB has made good progress in establishing spending priorities, beginning to allocate funds and execute projects, and collecting essential data to identify the communities that should be targeted for improvements.
https://lao.ca.gov/Publications/Detail/4294