Federal Stimulus Funds for Transit

Apr 15, 2020 - Also, State Transit Assistance is the state ’s largest funding program for transit and is funded by the sales tax on diesel. The magnitude of the decline in these tax revenues is uncertain, but any significant decline may be consequential for many transit agencies that rely on this fund source.
https://lao.ca.gov/Publications/Report/4220

Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog]

Apr 10, 2020 - Nonetheless, given the pace and possible severity of the shift in the state ’s economy resulting from the COVID-19 outbreak, tracking weekly withholding is worthwhile as a way to assess the state ’s rapidly changing economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/450

Weekly Unemployment Claims Update: March 29-April 4 [EconTax Blog]

Apr 9, 2020 - Level of Claims in California in the Middle of the Pack Among Large States. Over the last three weeks California has processed about 2.2 million unemployment claims. These claims represent about 12.5 percent of the state ’s workforce.
https://lao.ca.gov/LAOEconTax/Article/Detail/449

State Options to Expand Unemployment Benefits

Apr 9, 2020 - Additionally, the state would need to use current state resources to cover the costs of these benefits. This is because federal law does not allow the state to use state UI funds to pay benefits to ineligible workers.
https://lao.ca.gov/Publications/Report/4219

State Options to Expand Unemployment Benefits [Publication Details]

Apr 9, 2020 - State Options to Expand Unemployment Benefits [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/4219

COVID-19 and the National Guard

Apr 8, 2020 - Code in order to support the state ’s COVID-19 response efforts. (Other states have also received this authorization.) From the perspective of the state, this authorization means that the federal government will cover the full cost of eligible activities performed by the guardsmembers.
https://lao.ca.gov/Publications/Report/4218

Update on State and School District Reserves [Publication Details]

Apr 5, 2020 - Update on State and School District Reserves [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/4216

State Budget Effects of Recent Federal Actions to Address COVID-19 [Publication Details]

Apr 5, 2020 - State Budget Effects of Recent Federal Actions to Address COVID-19 [Publication Details] State Budget Effects of Recent Federal Actions to Address COVID-19 Format: HTML Description: In recent weeks Congress has passed legislation that has directed funding to respond to the coronavirus emergency.
https://lao.ca.gov/Publications/Detail/4217

State Budget Effects of Recent Federal Actions to Address COVID-19

Apr 5, 2020 - Given the magnitude of initial unemployment claims received so far, the state UI Trust Fund likely will become insolvent in the coming months, meaning the state likely will use the interest-free loans to reduce state General Fund costs.
https://lao.ca.gov/Publications/Report/4217

Update on State and School District Reserves

Apr 5, 2020 - Moreover, California schools receive most of their funding from the state General Fund. These factors mean that the fiscal condition of school districts and the state are closely connected. A decline in state revenues —as the state is likely to experience in response to the COVID-19 emergency —is likely to reduce school funding.
https://lao.ca.gov/Publications/Report/4216