The 2019-20 Budget: Overview of the California Spending Plan (Final Version)

Oct 17, 2019 - These subsidies will be available beginning in January 2020 and continue for three years —through the end of calendar year 2022 —after which time they will sunset. (The spending plan offsets the costs of these new state subsidies using increased revenues from the new state individual mandate, as described in the section on tax and other revenue policy changes.)
https://lao.ca.gov/Publications/Report/4083

The 2019-20 Budget: California Spending Plan—Education

Oct 17, 2019 - Second, certain State Preschool providers may enroll four-year olds who are otherwise ineligible for the program (after serving all interested, eligible children). Specifically, these providers must operate within the attendance boundary of a public school where at least 80  percent of students qualify for free or reduced-price meals.
https://lao.ca.gov/Publications/Report/4096

The 2019-20 Budget: California Spending Plan—Judiciary and Criminal Justice

Oct 17, 2019 - This includes (1) $25  million in one-time funding for deferred maintenance projects at various prisons, (2)  $23.7  million in one-time funding to replace vehicles, and (3)  an $18.5  million augmentation (increasing to $55.6  million by 2021-22) to fund ongoing prison maintenance.
https://lao.ca.gov/Publications/Report/4097

The 2019-20 Budget: California Spending Plan—Housing and Homelessness

Oct 17, 2019 - Entities have two years to expend the funds. Funding for Mixed-Income Housing.   The budget allocates $500  million to the California Housing Finance Agency ’s Mixed-Income Loan Program, which provides loans to builders of housing targeted at low- and middle-income households.
https://lao.ca.gov/Publications/Report/4102

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - First, in each of the four fiscal years of the MOU (2019 ‑20, 2020 ‑21, 2021 ‑22, and 2022 ‑23), the Motor Vehicle Account will contribute $25  million —totaling to $100  million over the four years —to the highway patrol retirement benefit.
https://lao.ca.gov/Publications/Report/4106

The 2019-20 Budget: California Spending Plan—Transportation

Oct 17, 2019 - Under the budget plan, these three projects will be financed through the Public Buildings Construction Fund, with the financing costs of the bonds being repaid from the MVA over a 25-year period when they are completed (projected for August 2022).
https://lao.ca.gov/Publications/Report/4098

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - As in the prior year, the budget package also includes $10 million for education and outreach to expand awareness of the EITC. This post describes each of the three changes. The administration coupled the EITC expansion with changes to other tax provisions that increased tax revenue.
https://lao.ca.gov/Publications/Report/4099

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Federal CT laws define a small business as a corporation or a partnership with a corporate partner that has annual gross receipts under $25  million. The changes in state law conform to federal changes regarding the definition of a small business made in 2017.
https://lao.ca.gov/Publications/Report/4100

The 2019-20 Budget: Overview of the California Spending Plan (Final Version) [Publication Details]

Oct 17, 2019 - Each year, our office publishes California Spending Plan, which summarizes the annual state budget. In July, we published a preliminary version of the report. This, the final version, provides an overview of the 2019‑20 Budget Act, then highlights major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/4083

September 2019 State Tax Collections [EconTax Blog]

Oct 11, 2019 - September is an important CT collection month for “fiscal year ” filers. These are corporations that close their corporate accounting year in months other than December (many large corporations end their fiscal years in June or September).
https://lao.ca.gov/LAOEconTax/Article/Detail/405