The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - With this lower-barrier to “repatriating” profits, we believe a portion of the surge in recent state collections likely is due to corporations bringing this cash back to the United States and paying the applicable state taxes on those profits.
https://lao.ca.gov/Publications/Report/4037

The 2019-20 May Revision: Initial Comments on the Governor’s May Revision

May 12, 2019 - The Governor proposes the state end 2019 ‑20 with $19.5  billion in total reserves. This total would consist of (1)  $16.5  billion in the Budget Stabilization Account, the state ’s constitutional reserve; (2)  $1.6  billion in the special fund for economic uncertainties (SFEU), which is available for any purpose including unexpected costs related to disasters;
https://lao.ca.gov/Publications/Report/4039

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products

May 12, 2019 - California ’s state and local governments charge a sales tax on the retail sale of tangible goods. The average rate is 8.6  percent. Of that, 3.94  percent raises money for the state ’s General Fund, and 2.06  percent raises money the state provides to counties for various local programs.
https://lao.ca.gov/Publications/Report/4040

Comparing Core CSU Funding Under Governor's Budget and May Revision [EdBudget]

May 11, 2019 - Comparing Core CSU Funding Under Governor's Budget and May Revision [EdBudget] $23 a Includes funding for pensions and retiree health benefits.   b In addition, both the Governor's budget and May Revision include $7 million ongoing General Fund to the Department of Social Services for provision of legal services to immigrant students and employees at CSU campuses. c Includes funds that CSU uses to provide tuition discounts and waivers to certain students.
https://lao.ca.gov/Education/EdBudget/Details/257

The 2019-20 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Detail/4038

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - A handful of other states have adopted state tax credits that mirror the federal New Market Tax Credit to encourage investors to shift their New Market Tax Credit investment to those states. To gauge the effect of these state credits, we looked at how New Market Tax Credit investments changed in states after they
https://lao.ca.gov/Publications/Report/4038

The 2019-20 Budget: Assessing the Governor’s Primary Care Physician Residency Proposals

May 9, 2019 - The state also can channel grant funding toward hospitals located in shortage areas of the state that do not yet have residency programs. We are also concerned about the inefficiency of the state operating two very similar grant programs.
https://lao.ca.gov/Publications/Report/4034

The 2019-20 Budget: Analysis of the Governor’s Mental Health Workforce Proposal

May 9, 2019 - Uncertainty Around Whether Existing State Programs and Strategies Have Been Effective. Overall, existing state mental health workforce programs may have had some positive impact in increasing the overall number of mental health professionals throughout the state.
https://lao.ca.gov/Publications/Report/4031

The 2019-20 Budget: Assessing the Governor’s Primary Care Physician Residency Proposals [Publication Details]

May 9, 2019 - The state currently funds two initiatives to support residency programs for primary care physicians. The first initiative is named after its legislative authors, Song‑Brown, and is administered by the Office of Statewide Health Planning and Development (OSHPD).
https://lao.ca.gov/Publications/Detail/4034

The 2019-20 Budget: Immigrant Legal Services at the Public Higher Education Segments [Publication Details]

May 8, 2019 -
https://lao.ca.gov/Publications/Detail/4029