The 2019-20 May Revision: Considerations for the Revised Housing and Homelessness Plan

May 13, 2019 - As of January 2018, California has about 130,000 homeless individuals, which represented about 25  percent of the total homeless population in the nation. Addressing California ’s housing and homelessness crisis is one of the most difficult challenges facing the state.
https://lao.ca.gov/Publications/Report/4045

Administration's May Revision Proposition 98 Outlook [EdBudget]

May 12, 2019 - c May Revision does not contain an estimate of any potential deposit or withdrawal for this year.     Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/245

How Uncertain Are Capital Gains Revenue Estimates? [EconTax Blog]

May 12, 2019 - Recognizing the inherent risk of capital gains revenue assumptions, we examined the historical pattern of financial markets in an attempt to gauge the range of possible outcomes for capital gains revenue in 2018-19 and future years.
https://lao.ca.gov/LAOEconTax/Article/Detail/371

LAO May Outlook: Home Prices [EconTax Blog]

May 12, 2019 - Home price growth started slowing in the spring of 2018, declining from almost 9 percent annual growth (current month compared to the same month a year prior) in March 2018 to 5 percent by the end of 2018 and further to 3 percent in March 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/369

LAO May Outlook: Growth in Assessed Property Values [EconTax Blog]

May 12, 2019 - LAO May Outlook: Growth in Assessed Property Values [EconTax Blog] LAO May Outlook: Growth in Assessed Property Values May 12, 2019 Brian Uhler Property taxes are a primary revenue source for cities, counties, special districts and schools.
https://lao.ca.gov/LAOEconTax/Article/Detail/368

The 2019-20 May Revision: LAO Economic Outlook

May 12, 2019 - The PE ratio (Shiller PE ratio) currently is 30, whereas the average since 1990 is 25. Overpriced or not, stock markets perennially create uncertainty for the economy and the state ’s budget, as stock prices are subject to large, unpredictable swings at any time.
https://lao.ca.gov/Publications/Report/4036

The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - Corporation Tax (CT) CT Collections Surged in the Current Year. With two collection months remaining in the fiscal year, we expect that CT revenues will exceed the administration ’s January estimate by well over 10  percent.
https://lao.ca.gov/Publications/Report/4037

The 2019-20 May Revision: Initial Comments on the Governor’s May Revision

May 12, 2019 - Compared to January, the administration ’s estimates of revenues and transfers (excluding reserve deposits) have increased by $3.2  billion across the three fiscal years of 2017 ‑18 to 2019 ‑20. This upward revision is primarily the net effect of a few factors.
https://lao.ca.gov/Publications/Report/4039

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - Public schools Relatively high ‑poverty middle schools and high schools must provide free menstrual products. Human Services Eligibility criteria and grant amounts not adjusted for menstrual expenses.
https://lao.ca.gov/Publications/Report/4040

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - If investors hold on to the investment for multiple years, their tax liability on their deferred capital gains can be reduced. In addition, investors that maintain their investment for at least ten years will not be taxed on any capital gains earned on their Opportunity Zone investment.
https://lao.ca.gov/Publications/Report/4038