What Can We Learn From How the State Responded to the Last Major Drought?

May 13, 2021 - What Can We Learn From How the State Responded to the Last Major Drought? What Can We Learn From How the State Responded to the Last Major Drought? Summary For the second consecutive year, the state is experiencing extremely low rates of precipitation.
https://lao.ca.gov/Publications/Report/4429

June 2021 Jobs Report [EconTax Blog]

Jul 16, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of June  was 7.0 percent below the level of February 2020, considerably worse than the national figure of 4.4 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/678

2003-04 Budget Perspectives and Issues: Perspectives on State Revenues

Liabilities from other income sources, such as ordinary wages, business earnings, interest, rents, and pensions, fell modestly, reflecting the impacts of the general economic slowdown on employment, wages, and profits in the economy.
https://lao.ca.gov/analysis_2003/2003_pandi/pi_part_3_anl03.html

Breakdown of Local Control Funding Formula [EdBudget]

Aug 30, 2021 - 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/546

Understanding California’s Property Taxes

The California Supreme Court ruled that such pension obligations represent voter –approved indebtedness that could be paid with an additional ad valorem rate. Local governments may levy the rate to cover pension benefits for any employee, including those hired after 1978, but not to cover any enhancements to pension benefits enacted after 1978.
https://lao.ca.gov/reports/2012/tax/property-tax-primer-112912.aspx

California Community Colleges Funding by Source [EdBudget]

Sep 9, 2021 - b Primarily consists of revenue from student fees (other than enrollment fees), sales and services, and grants and contracts, as well as local debt-service payments. c Consists of federal relief funds provided directly to colleges as well as allocated through state budget decisions.
https://lao.ca.gov/Education/EdBudget/Details/523

May 2021 Jobs Report [EconTax Blog]

Jun 18, 2021 - California leisure/hospitality employment continued to rebound from the sharp drops in December and January, although it rem ains far more depressed than its national counterpart as the state was generally slower to lift pandemic-related restrictions than other states were.
https://lao.ca.gov/LAOEconTax/Article/Detail/667

Overview of Federal Relief for K-12 Education and Child Care

Apr 29, 2021 - States Are Expected to Maintain Education Funding at Recent Levels. As a condition of receiving a state allocation under ESSER and GEER funding, states are to maintain their support for education. Specifically, states must agree to maintain their support for K-12 education and higher education in fiscal years 2020 and 2021 at the average annual level they provided in the prior three fiscal years.
https://lao.ca.gov/Publications/Report/4419

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential

May 27, 2021 - While the state ’s overall bond rating is a distillation of numerous individual factors —many of them exogenous —budget management is a category over which state officials have direct control. Proposition  2 (2014) enshrined in the State Constitution the Department of Finance ’s (DOF ’s) requirement to semiannually prepare a multiple-year General Fund forecast.
https://lao.ca.gov/Publications/Report/4443

Federal Relief Funding for Higher Education [EdBudget]

Aug 6, 2021 - CSU = California State University. UC = University of California. CARES = Coronavirus Aid, Relief, and Economic Security. CRRSAA = Coronavirus Response and Relief Supplemental Appropriations Act. ARP = American Rescue Plan.
https://lao.ca.gov/Education/EdBudget/Details/522