May 2018 Cap-and-Trade Auction Results [EconTax Blog]

May 24, 2018 - This leaves about $30 million in additional revenue to allocate in the 2018-19 budget or future years. As we discussed in our February 2018 budget report , there continues to be significant uncertainty about future auction revenue.
https://lao.ca.gov/LAOEconTax/Article/Detail/285

The 2018-19 Budget: The Administration's Proposition 55 Estimates in the May Revision

May 22, 2018 - First, the measure directs DOF to estimate the upcoming year ’s available revenues. Second, it subtracts from this total the constitutional minimum funding level for schools and community colleges. Third, the formula then subtracts an estimate of the “workload budget ” costs of government services that were “currently authorized ” as of January 1, 2016.
https://lao.ca.gov/Publications/Report/3844

The 2018-19 May Revision: LAO Multiyear State Budget Outlook

May 17, 2018 - Under either statute, the state ’s sales tax rate automatically would decline by one-quarter cent for one calendar year, equal to around $1.7  billion, reducing the SFEU by the same amount. Our bottom line General Fund estimates assume these provisions are not triggered in 2018 ‑19.
https://lao.ca.gov/Publications/Report/3843

The 2018-19 Budget: The May Revision—Health and Human Services (HHS)‑Related Funding to Address Homelessness

May 17, 2018 - Each year, funding allocations are provided to 49 counties that currently participate in the program. In recent years, $47  million has been allocated to participating counties for these purposes. The Governor ’s proposal would increase this amount by $24  million in 2018 ‑19 and by an additional $24  million in 2019 ‑20 ($95  million total) and ongoing.
https://lao.ca.gov/Publications/Report/3842

Proposition 98 Information Under LAO May Outlook [EdBudget]

May 16, 2018 - PSSSA = Public School System Stabilization Account.      Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/147

Proposition 98 Information Under Governor's May Revision [EdBudget]

May 16, 2018 - PSSSA = Public School System Stabilization Account. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/146

K-12 Education Programs Funded by Proposition 98 [EdBudget]

May 16, 2018 - f The 2017-18 amount includes one-time funding for Career Technical Education Incentive Grants for Secondary Schools. The 2017-18 amount also includes $25 million one time to support paraprofessionals interested in becoming teachers.
https://lao.ca.gov/Education/EdBudget/Details/145

2018-19 May Revision: Property Tax Estimates [EconTax Blog]

May 15, 2018 - 2018-19 May Revision: Property Tax Estimates [EconTax Blog] 2018-19 May Revision: Property Tax Estimates May 15, 2018 Local property taxes distributed to school and community college districts reduce the state ’s cost of meeting Proposition 98 school funding requirements.
https://lao.ca.gov/LAOEconTax/Article/Detail/284

Summary of Financial Aid Recommendations [EdBudget]

May 15, 2018 - Cal Grant awards for students at private, nonprofit schools Continues to require nonprofit sector to admit specified number of students with associate degrees for transfer, but revises the targets. Reject.
https://lao.ca.gov/Education/EdBudget/Details/141

Comparing Core Funding for UC Under the Governor's Budget and May Revision [EdBudget]

May 15, 2018 - UC has not adopted tuition and fee increases for the 2018‑19 academic year. c Less than $500,000. d Includes a portion of overhead funding on federal and state grants, a portion of patent royalty income, and Proposition 56 funding designated for graduate medical education.
https://lao.ca.gov/Education/EdBudget/Details/138