The 2020-21 Budget: Overview of the California Spending Plan (Final Version) [Publication Details]

Oct 5, 2020 - The 2020-21 Budget: Overview of the California Spending Plan (Final Version) [Publication Details] The 2020-21 Budget: Overview of the California Spending Plan (Final Version) Format: HTML Description: Each year, our office publishes the California Spending Plan to summarize the annual state budget.
https://lao.ca.gov/Publications/Detail/4263

Tempered Expectations [Publication Details]

Dec 9, 2019 - In this new installment of Fiscal Perspectives, Legislative Analyst Gabriel Petek provides additional context for understanding the importance of limiting new, ongoing spending in the coming budget, with a short discussion of the state's fiscal structure, the state's economic backdrop, and other potential risks and uncertainties.
https://lao.ca.gov/Publications/Detail/4122

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

Managing California’s Cash [Publication Details]

Sep 3, 2019 - Given that the state's cash position will inevitably change in the future, we suggest the Legislature be cautious about approving additional proposals to make loans from the state's cash resources. Assessing a proposed loan using the criteria in this report may help determine whether its benefits exceed its costs.
https://lao.ca.gov/Publications/Detail/4092

State Funding Actions Related to COVID-19 [Publication Details]

Apr 20, 2020 - State Funding Actions Related to COVID-19 [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4223

Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - The idea here is that in good times —when revenues are strong —the state spends somewhat below its capacity, sequestering the difference in reserves. Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support.
https://lao.ca.gov/Publications/Report/4051

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

The 2020-21 Budget: California's Spring Fiscal Outlook [Publication Details]

May 8, 2020 - Under these two scenarios, the state would have to address an $18 billion or $31 billion budget problem. The state’s newly emergent fiscal challenges are likely to extend well beyond the end of the public health crisis.
https://lao.ca.gov/Publications/Detail/4228

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - We have talked to several of these offices throughout the state, and we understand that they have made extraordinary effo rts to ensure CalWORKs remains accessible even during public health lockdowns.
https://lao.ca.gov/Publications/Report/4306