Proposition 8 [Ballot]

Nov 6, 2018 - Beginning in 2019, the measure requires CDCs each year to calculate the amount by which their revenues exceed a specified cap. The measure then requires CDCs to pay rebates (that is, give money back) to payers, excluding Medicare and other government payers, in the amount that revenues exceed the cap.
https://lao.ca.gov/BallotAnalysis/Proposition?number=8&year=2018

State Fiscal Health Index: September 2018 [EconTax Blog]

Nov 5, 2018 - 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). The higher the index, the better the conditions for state revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/315

Building Permits Update: September 2018 [EconTax Blog]

Nov 1, 2018 - Similar to August in which multifamily permits fell 26 percent below 2017 levels, September totals were 25 percent less than a year ago. Despite these two weak months, multifamily permits are up 5 percent through the first nine months of 2018 compared to 2017.
https://lao.ca.gov/LAOEconTax/Article/Detail/314

Unemployment Claims Update: September 2018 [EconTax Blog]

Oct 29, 2018 - September claims fell below the average of the past 12 months (180,000), as well as the five-year average (206,000). As shown on the left side of the graphic below, unemployment claims have trended downward over the past 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/312

Rethinking the 1991 Realignment

Oct 15, 2018 - The state tracks year ‑to ‑year increases in costs for each social services program. Additionally, the state tracks increases in costs from prior years that were not met with realignment revenues. Realignment prioritizes paying for year ‑to ‑year increases in total social services program costs and any unmet costs from prior years with growth revenues.
https://lao.ca.gov/Publications/Report/3886

Rethinking the 1991 Realignment [Publication Details]

Oct 15, 2018 - Rethinking the 1991 Realignment [Publication Details] HTML Description: California has shifted programmatic and funding responsibility between the state and counties for various programs over the last 40 years.
https://lao.ca.gov/Publications/Detail/3886

Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - As a result, all exemptions from the property tax —like those for public schools —are constitutionally provided. Legislature Established PTP in 1977. Following the voters ’ approval of Proposition   13 i n 1976, the Legislature established PTP in statute in 1977.
https://lao.ca.gov/Publications/Report/3885

September 2018 State Tax Collections [EconTax Blog]

Oct 3, 2018 - With an additional day—which fell into August this year—withholding would have met the monthly projection. Sales Tax Adjustments.   As noted in previous posts, sales tax now is collected using a new IT system .
https://lao.ca.gov/LAOEconTax/Article/Detail/311

State Fiscal Health Index: August 2018 [EconTax Blog]

Oct 3, 2018 - 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). The higher the index, the better the conditions for state revenues.
https://lao.ca.gov/LAOEconTax/Article/Detail/310

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget package also amends S B   1 t o allow local governments to fund projects upfront and later reimburse themselves with funds they receive in future years through S B  1 . Caltrans The budget plan for Caltrans includes total expenditures of $14. 2  b illion from all fund sources, an increase of $2. 8  b illion (or 25  p ercent) from the revised 2017 ‑ 18 l evel of expenditures.
https://lao.ca.gov/Publications/Report/3870/10