State Fiscal Health Index: September 2019 [EconTax Blog]

Nov 4, 2019 - 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). Both the level of the index and changes in the index from month to month offer information about the state ’s fiscal health.
https://lao.ca.gov/LAOEconTax/Article/Detail/410

Unemployment Claims Update: September 2019 [EconTax Blog]

Oct 17, 2019 - Unemployment claims have been relatively flat over the past year, fluctuating slightly around an average of about 175,000. This pattern signals a strong labor market and, contrary to other recent economic data , offers little evidence of an impending economic slowdown.
https://lao.ca.gov/LAOEconTax/Article/Detail/406

Home Sales Update: September 2019 [EconTax Blog]

Oct 17, 2019 - Home sales have been relatively weak for over a year. In September, there were an estimated 25,800 non-distressed (not resulting from mortgage delinquency or foreclosure) home sales statewide. This is below the 26,100 sales in September 2018 and the long-term historical average of 31,500 sales per month.
https://lao.ca.gov/LAOEconTax/Article/Detail/407

The 2019-20 Budget: California Spending Plan—Expands Earned Income Tax Credit (EITC)

Oct 17, 2019 - As in the prior year, the budget package also includes $10 million for education and outreach to expand awareness of the EITC. This post describes each of the three changes. The administration coupled the EITC expansion with changes to other tax provisions that increased tax revenue.
https://lao.ca.gov/Publications/Report/4099

The 2019-20 Budget: California Spending Plan—Conformity

Oct 17, 2019 - Federal CT laws define a small business as a corporation or a partnership with a corporate partner that has annual gross receipts under $25  million. The changes in state law conform to federal changes regarding the definition of a small business made in 2017.
https://lao.ca.gov/Publications/Report/4100

The 2019-20 Budget: California Spending Plan—Resources and Environmental Protection

Oct 17, 2019 - These first-year costs include CalFire staff, contract pilots, and the first year of a three-year exclusive use contract for a C-130 air tanker to use as a training platform and be available to assist in wildfire response.
https://lao.ca.gov/Publications/Report/4103

The 2019-20 Budget: California Spending Plan—Judiciary and Criminal Justice

Oct 17, 2019 - This includes (1) $25  million in one-time funding for deferred maintenance projects at various prisons, (2)  $23.7  million in one-time funding to replace vehicles, and (3)  an $18.5  million augmentation (increasing to $55.6  million by 2021-22) to fund ongoing prison maintenance.
https://lao.ca.gov/Publications/Report/4097

The 2019-20 Budget: California Spending Plan (Final Version)

Oct 17, 2019 - These subsidies will be available beginning in January 2020 and continue for three years —through the end of calendar year 2022 —after which time they will sunset. (The spending plan offsets the costs of these new state subsidies using increased revenues from the new state individual mandate, as described in the section on tax and other revenue policy changes.)
https://lao.ca.gov/Publications/Report/4083

The 2019-20 Budget: California Spending Plan (Final Version) [Publication Details]

Oct 17, 2019 - Each year, our office publishes California Spending Plan, which summarizes the annual state budget. In July, we published a preliminary version of the report. This, the final version, provides an overview of the 2019‑20 Budget Act, then highlights major features of the budget approved by the Legislature and signed by the Governor.
https://lao.ca.gov/Publications/Detail/4083

The 2019-20 Budget: California Spending Plan—Health and Human Services

Oct 17, 2019 - The subsidies will be available beginning in January 2020 and continue for three years —through the end of calendar year 2022 —after which they will be repealed. Establishes State Individual Mandate and Penalty.
https://lao.ca.gov/Publications/Report/4104