Home Sales Update: April 2019 [EconTax Blog]

May 16, 2019 - However, after several months of growing severity in year-over-year declines, the rate of decline seems to have stabilized at 10% to 12% in recent months. This level of decline is below the level typically seen before a recession (declines of 25 percent or more).
https://lao.ca.gov/LAOEconTax/Article/Detail/372

The 2019-20 May Revision: Analysis of the Governor’s January and May Mental Health Workforce Proposals

May 16, 2019 - The May Revision proposes allocating $100  million in state MHSA revenues to fund the 2020 ‑25 WET Five-Year Plan. The 2020 ‑25 WET Plan was released by OSHPD in February 2019, but until the May Revision did not come with any attached funding.
https://lao.ca.gov/Publications/Report/4049

Governor’s May Revision Update: Health Insurance Affordability Proposals

May 15, 2019 - The proposed state subsidies would limit these households ’ net premiums to a fixed percentage of income that would grow from about 10  percent for households with income just over 400  percent of the FPL to 25  percent for households with income at 600  percent of the FPL.
https://lao.ca.gov/Publications/Report/4047

The 2019-20 May Revision: Analysis of the May Revision Education Proposals

May 15, 2019 - The May Revision also increases the state share of project costs to 75 percent, reducing the local share from 50 percent to 25 percent for new construction projects and from 40 percent to 25 percent for renovation projects.
https://lao.ca.gov/Publications/Report/4048

The 2019-20 May Revision: Governor's May Revision Medi-Cal Budget

May 14, 2019 - Significant Changes to the Governor ’s Proposition  56 Multiyear Spending Plan The May Revision proposes a variety of changes related to the use of Proposition  56 funding in Medi-Cal over the next several years.
https://lao.ca.gov/Publications/Report/4046

The 2019-20 May Revision: Overview of the May Revision Proposition 98 Package

May 13, 2019 - In most years, the state budget allocates some ongoing Proposition  98 funds for one-time activities. This approach provides a buffer that reduces the likelihood of cuts to ongoing programs if the guarantee experiences a year ‑over ‑year decline.
https://lao.ca.gov/Publications/Report/4044

The 2019-20 May Revision: Considerations for the Revised Housing and Homelessness Plan

May 13, 2019 - As of January 2018, California has about 130,000 homeless individuals, which represented about 25  percent of the total homeless population in the nation. Addressing California ’s housing and homelessness crisis is one of the most difficult challenges facing the state.
https://lao.ca.gov/Publications/Report/4045

Administration's May Revision Proposition 98 Outlook [EdBudget]

May 12, 2019 - c May Revision does not contain an estimate of any potential deposit or withdrawal for this year.     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
https://lao.ca.gov/Education/EdBudget/Details/245

How Uncertain Are Capital Gains Revenue Estimates? [EconTax Blog]

May 12, 2019 - Recognizing the inherent risk of capital gains revenue assumptions, we examined the historical pattern of financial markets in an attempt to gauge the range of possible outcomes for capital gains revenue in 2018-19 and future years.
https://lao.ca.gov/LAOEconTax/Article/Detail/371

LAO May Outlook: Home Prices [EconTax Blog]

May 12, 2019 - Home price growth started slowing in the spring of 2018, declining from almost 9 percent annual growth (current month compared to the same month a year prior) in March 2018 to 5 percent by the end of 2018 and further to 3 percent in March 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/369