Economic and Revenue Developments [Publication Details]

Apr 1, 1997 - However, nearly one-third of 1996-97 revenues come in during the last three months of the fiscal year, and the current-year revenue picture will be highly dependent on developments over the next several weeks.
https://lao.ca.gov/Publications/Detail/2760

Evaluating the Sale-Leaseback Proposal: Should the State Sell Its Office Buildings? [Publication Details]

Apr 27, 2010 - In our view, taking on long-term obligations—like the lease payments on these buildings—in exchange for one-time revenue to pay for current services is bad budgeting practice as it simply shifts costs to future years.
https://lao.ca.gov/Publications/Detail/2261

California Spending Plan 2003-04: The Budget Act and Related Legislation [Publication Details]

Oct 23, 2003 - The Legislature was faced with addressing an enormous two-year General Fund budget shortfall in developing the state's spending plan for 2003-04. We discuss the factors underlying this shortfall, describe the key actions taken to address it, and provide detail on the adopted budget package.
https://lao.ca.gov/Publications/Detail/1057

Reconsidering the Optional Single Sales Factor [Publication Details]

May 26, 2010 - Our findings indicate that: (1) a formula with a higher weight on sales and lower weights on property and payroll promotes job growth to some extent; (2) with most states’ formulas now based only on sales, the old formula that used property and payroll could put some California producers at a competitive disadvantage; and (3) allowing firms to choose their formula every year arbitrarily favors some firms over others.
https://lao.ca.gov/Publications/Detail/2290

The 1985-86 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1985 - In terms of purchasing power, the level of General Fund revenues projected for 1985-86 is 1.3 percent higher than the level of revenues estimated for the current year. Because a substantial portion of these revenues will not have to be used to replenish the reserve, as was necessary in the current year, expenditures can grow by even more—almost 3.9 percent.
https://lao.ca.gov/Publications/Detail/2050

The 1984-85 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1984 - In terms of real purchasing power, the level of General Fund revenues projected for 1984-85 is 4.0 percent higher than the level of revenues estimated for the current year. Here we provide a brief overview of the state's fiscal condition during the current and budget years, estimate what it would cost to maintain the existing level of services provided by the
https://lao.ca.gov/Publications/Detail/2051

The 1986-87 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1986 - While the level of General Fund revenues is 4.1 percent higher than the level estimated for the current year, the level of General Fund expenditures proposed in the budget is only 1.1 percent higher than the level estimated for the current year.
https://lao.ca.gov/Publications/Detail/2049

California's Fiscal Outlook: LAO Projections 2008-09 Through 2013-14 [Publication Details]

Nov 20, 2008 - Combined with rising state expenses, we project that the state will need $27.8 billion in budget solutions over the 2008-09 and 2009-10 fiscal years. The state’s revenue collapse is so dramatic and the underlying economic factors are so weak that we forecast huge budget shortfalls through 2013-14 absent corrective action.
https://lao.ca.gov/Publications/Detail/1895

The 1983-84 Budget: Perspectives and Issues [Publication Details]

Feb 1, 1983 - Estimated expenditures in 1982-83 are $1.5 billion greater than estimated resources available in the current year. Thus, unless actions are taken by the Legislature prior to June 30, 1983, or the economy (and hence revenues) performs better than anticipated, the state will end 1983 with a deficit of approximately $1.6 billion.
https://lao.ca.gov/Publications/Detail/2052

Tax Expenditure Reviews [Publication Details]

Nov 16, 2007 - One of these is the mortgage interest deduction, valued at about $5 billion yearly. This program is found to be an inefficient means of promoting home ownership, and options are offered for improving it, including capping the deduction amount or replacing it with a targeted tax credit.
https://lao.ca.gov/Publications/Detail/1684