IRS Migration Data Shows Increased Movement in 2020 [EconTax Blog]

Aug 16, 2022 - While this uptick is notable, it is important to keep in mind that state income tax collections still grew an extraordinary 16 percent between 2020 and 2019.   The uptick in outmigration to other states is not the only story in the 2020 IRS data.
https://lao.ca.gov/LAOEconTax/Article/Detail/747

The 2020-21 Spending Plan: Higher Education [Publication Details]

Oct 16, 2020 - This post summarizes the state’s 2020-21 spending package for higher education. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget. In this post, we cover spending for the California Community Colleges, California State University, University of California, and student financial aid.
https://lao.ca.gov/Publications/Detail/4284

The 2023-24 Budget: County Probation Grants to Support Temporary Increase in the Supervision Population [Publication Details]

Feb 23, 2023 - We recommend that the Legislature reject the Governor’s proposal for two primary reasons. First, the proposed funding is likely not needed. Second, given the state’s budget problem, dedicating new General Fund to this purpose would come at the expense of previously identified priorities, and we do not find it sufficiently justified for prioritizing limited state resources.
https://lao.ca.gov/Publications/Detail/4703

Cannabis Tax Revenue Update [EconTax Blog]

Aug 22, 2022 - State Sets Aside “Excess Revenues. ” Under Chapter 26 of 2022 (AB 195, Committee on Budget), the state uses 2020-21 cannabis tax revenues to establish a funding target for the programs that receive those revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/751

^[PDF] A Review of State Budgetary Practices for UC and CSU

The state also routinely adjusted the universities’ budgets to account for a few other changes in costs. Most notably, the state adjusted the universities’ budgets to account for changes in pension costs, retiree health benefits, and debt service.
https://lao.ca.gov/reports/2014/education/higher-ed-budgetary-practices/budgetary-practices-021114.pdf

California's Fiscal Outlook: LAO Projections 2007-08 Through 2012-13

Under our forecast, absent corrective action, the state would end the current fiscal year with a $1.9 billion deficit. The state ’s dimming fiscal outlook is due to: Continued softness in the state ’s economy lowering the forecast of revenues.
https://lao.ca.gov/2007/fiscal_outlook/fiscal_outlook_07.aspx

^[PDF] 1972 Budget Analysis: Legislative

The General;Fundcontribution can be expected ~o grow almost directly in proportion to. the number of annuitants, cost-of-living adjustments in pensions, and base salary increases. The Legislators' Retirement System is administered by the Public Employees' Retirement System at an estimated cost of $30,000 annual- ly.
https://lao.ca.gov/analysis/1972/02_legislative_1972.pdf

The 2021-22 Budget: Various CSU Proposals

Mar 9, 2021 - (State law makes an exception for debt service on university bonds, explicitly authorizing CSU to pledge revenues across its accounts.) State Law Authorizes Internal Borrowing Across CSU Accounts. State law explicitly authorizes CSU to borrow funds from one of its accounts for another account.
https://lao.ca.gov/Publications/Report/4399

The 2021-22 Budget: Various CSU Proposals [Publication Details]

Mar 9, 2021 - This post analyzes four of the Governor’s budget proposals for the California State University (CSU). Specifically, the post covers proposals relating to CSU Stanislaus’s off-campus center in Stockton, the Computing Talent Initiative based at CSU Monterey Bay, CSU’s ability to transfer funds among its accounts, and summer-term student financial aid.
https://lao.ca.gov/Publications/Detail/4399

The 2022-23 California Spending Plan: Housing and Homelessness

Sep 16, 2022 - Continues State Excess Sites Program. The 2022-23 budget provides HCD $100  million General Fund over two years ($25  million in 2022-23 and $75  million in 2023-24) for affordable housing on state excess land sites.
https://lao.ca.gov/Publications/Report/4622