Building Permits Update: May 2019 [EconTax Blog]

Jul 2, 2019 - Similarly, single family housing permits declined 11 percent in May relative to a year ago. Through the first five months of 2019, single family permits are down 11 percent compared to 2018. Weak multifamily permitting in May was not confined to a particular region of the state.
https://lao.ca.gov/LAOEconTax/Article/Detail/382

The California State Bar: Considerations for a Fee Increase

Jun 26, 2019 - The State Bar ’s contribution rates to CalPERS to fund employee pension benefits are expected to nearly double between 2017 ‑18 and 2024 ‑25 from 12. 3  p ercent of payroll to 21. 6  p ercent of payroll.
https://lao.ca.gov/Publications/Report/4080

Allocating Utility Wildfire Costs: Options and Issues for Consideration

Jun 21, 2019 - Even though resolving wildfire claims made by insurers and uninsured property owners can take several years under a strict liability standard, the time line for resolution can be shorter than under a fault ‑based standard.
https://lao.ca.gov/Publications/Report/4079

MOU Fiscal Analysis: Bargaining Unit 6

Jun 14, 2019 - Between June 2009 and June 2019, the inmate population declined from about 167,800 to 125,700 (25  percent decrease) and the parolee population declined from about 111,200 to 50,100 (55  percent decrease).
https://lao.ca.gov/Publications/Report/4078

Rent control. [Ballot]

Jun 10, 2019 - In the year a property is purchased, its taxable value is its purchase price. Each year after that the property ’s taxable value is adjusted for inflation by up to 2  percent. This continues until the property is sold and again is taxed at its purchase price.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-001

State Fiscal Health Index: April 2019 [EconTax Blog]

May 29, 2019 - The index ranges from 0 (representing the lowest level in the last 25 years) to 100 (representing the highest level in the last 25 years). Both the level of the index and changes in the index from month to month offer information about the state ’s fiscal health.
https://lao.ca.gov/LAOEconTax/Article/Detail/378

Building Permits Update: April 2019 [EconTax Blog]

May 29, 2019 - Multifamily permits in April were about level with the number of permits issued a year ago, as well as the average of the last five  Aprils. Overall, multifamily permitting is down 3 percent through the first four months of 2019 as compared to 2018.
https://lao.ca.gov/LAOEconTax/Article/Detail/377

The 2019-20 May Revision: Update to Governor's 1991 Realignment Proposals

May 29, 2019 - Summary of the Governor ’s January Proposal In January, the Governor proposed to increase the amount of health realignment funding redirected from certain counties to offset the state costs of a proposal to expand Medi-Cal coverage to all young adults aged 19 through 25 regardless of immigration status.
https://lao.ca.gov/Publications/Report/4077

The 2019-20 May Revision: K-12 Cal Grant Mandate

May 28, 2019 - To streamline the GPA submission process and encourage higher Cal Grant participation, Chapter 679 of 2014 (AB 2160, Ting) requires that all high school seniors in public schools be considered Cal Grant applicants unless they opt out during their junior year.
https://lao.ca.gov/Publications/Report/4052

Cannabis Tax Revenue Update [EconTax Blog]

May 23, 2019 - Fiscal Year to Date: $218 Million. The administration ’s combined estimates for the first three quarters of 2018-19 are $171 million of retail excise tax revenue and $47 million of cultivation tax revenue.
https://lao.ca.gov/LAOEconTax/Article/Detail/376