The 2020-21 Budget: Climate Change Proposals [Publication Details]

Feb 13, 2020 - This report assesses the Governor’s major 2020-21 budget proposals related to climate change. The four proposals we evaluate are the Governor's (1) cap-and-trade expenditure plan ($965 million), (2) expanded climate adaptation research and technical assistance activities ($25 million), (3) new Climate Catalyst loan fund ($250 million), and (4) climate bond ($4.75 billion).
https://lao.ca.gov/Publications/Detail/4155

The 2020-21 Budget: Climate Change Proposals

Feb 13, 2020 - This would require annual payments averaging about $ 200  m illion from the General Fund over about the next 40 years. The exact costs and time period would depend on the specific details of the bond ’s sales.
https://lao.ca.gov/Publications/Report/4155

A Look at Household Debt in California [EconTax Blog]

Feb 12, 2020 - This is down from about $1 five years ago and $1. 50 at the peak of the Great Recession. Mortgage loans are the largest component of household debt. After significantly expanding during the housing bubble of the mid-2000s, California ’s mortgage debt (as a share of personal income) has declined consistently in recent years.
https://lao.ca.gov/LAOEconTax/Article/Detail/435

Taking Stock of California’s Recession Readiness

Feb 12, 2020 - However, to the extent the Legislature instead preferred not to reduce funding levels —particularly for schools —in response to a revenue decline, larger reserves (or entering operating surpluses) are needed.
https://lao.ca.gov/Publications/Report/4156

The 2020-21 Budget: Department of General Services

Feb 12, 2020 - Department Overview The DGS provides a variety of services to state departments, such as procurement, management of state ‑owned and leased real estate, management of the state ’s vehicle fleet, printing, administrative hearings, legal and fiscal services, development of building standards, and oversight over school construction.
https://lao.ca.gov/Publications/Report/4157

The 2020-21 Budget: Analysis of the Department of State Hospitals Budget

Feb 11, 2020 - Treatment Team and Primary Care Staffing Proposal This proposal requests $ 32  m illion General Fund and 80. 9 p ositions in 2020 ‑21, ramping up to $64. 2  m illion General Fund and 250. 2 p ositions in 2024 ‑25, and ongoing at that amount thereafter, for two separate components within DSH —treatment teams and primary care.
https://lao.ca.gov/Publications/Report/4154

The 2020-21 Budget: Staffing to Address New Independent Contractor Test

Feb 11, 2020 - However, without a public proposal that includes this information, it is not possible for the Legislature and the public to assess the administration ’s proposal or to evaluate, in future years, how implementation has progressed.
https://lao.ca.gov/Publications/Report/4151

The 2020-21 Budget: The Governor’s Homelessness Plan

Feb 11, 2020 - In the absence of a plan, we encourage the Legislature take one ‑time action this year utilizing existing state mechanisms to support local efforts to address homelessness. Provide Grants to Local Governments Similar to Prior Years.
https://lao.ca.gov/Publications/Report/4152

The 2020-21 Budget: Transportation

Feb 10, 2020 - Governor’s Proposal The Governor proposes an increase of $31. 8  m illion in 2020 ‑21 (growing to $43. 4  m illion in 2024 ‑25 and ongoing) from the SHA to augment funding for the Litter Abatement Program.
https://lao.ca.gov/Publications/Report/4149

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - In addition, required General Fund spending on schools and community colleges —under the provisions of Proposition  98 (1988) —also usually declines when revenues do. If the Legislature does not wish to reduce school and community college spending in a recession, the budget problem would be larger than what we have described here, and more reserves would be required.
https://lao.ca.gov/Publications/Report/4150