The 2019-20 Budget: Proposition 98 Analysis [Publication Details]

Feb 13, 2019 - Specifically, we analyze his proposals for (1) the Local Control Funding Formula, (2) special education, (3) county offices of education, (4) education mandates, and (5) school facilities. (2/14/19 -- Adjusted when Proposition 51 funding would be exhausted given proposed pace of bond sales.)
https://lao.ca.gov/Publications/Detail/3930

The 2019-20 Budget: Department of Consumer Affairs

Feb 13, 2019 - The Governor ’s budget proposes $ 699  m illion from various funds for support of DCA —including the boards, bureaus, commissions, and programs it oversees —in 2019 ‑20, which is a decrease of $ 5  m illion, or less than 1  p ercent, from the current ‑year estimated expenditures.
https://lao.ca.gov/Publications/Report/3937

Gauging Risk in Capital Gains Revenue Estimates [EconTax Blog]

Feb 12, 2019 - In any given year, there is significant risk that cap ital gains revenue could fall below budgetary expectations. (Some of this volatility is absorbed by the Proposition 2, which allocates a portion of capital gains revenues to debt repayments and reserves.)
https://lao.ca.gov/LAOEconTax/Article/Detail/346

The 2019-20 Budget: Deferred Maintenance

Feb 8, 2019 - Specifically, as shown in Figure  1 , the 2015 ‑16, 2016 ‑17, and 2018 ‑ 19 b udgets provided a total of almost $1. 3 b illon —$ 910  m illion from non ‑Proposition  98 General Fund and $ 18  m illion from the Motor Vehicle Account for projects at 25  departments, as well as $ 333  m illion in Proposition  98 General Fund that could be used for deferred maintenance projects at the community college system.
https://lao.ca.gov/publications/report/3929

The 2019-20 Budget: Deferred Maintenance [Publication Details]

Feb 8, 2019 - We recommend that the Legislature require (1) departments receiving funding to report at budget hearings on the approach they will use to prioritize projects, as well as specific projects they plan to undertake; (2) the Department of Finance to report, no later than January 1, 2023, on which projects departments ultimately undertook with the funds provided; and (3) departments that continue to
https://lao.ca.gov/Publications/Detail/3929

The 2019-20 Budget: The Governor's Individual Health Insurance Market Affordability Proposals

Feb 7, 2019 - The federal APTC —specifically the portion that is advanced —is adjusted throughout the year to reflect changes in household circumstances, with a final reconciliation at the end of the year as households file their taxes.
https://lao.ca.gov/Publications/Report/3927

December 2018 and January 2019 State Tax Collections [EconTax Blog]

Feb 6, 2019 - State and Local Tax (SALT) Deduction Created Incentive to Pay State Taxes by the End of the Year. Prior to 2018, all state and local tax payments could be deducted on federal tax returns. This tax deduction created an incentive for filers to pay their state taxes before the end of the calendar year.
https://lao.ca.gov/LAOEconTax/Article/Detail/345

California's Education System: A 2019 Guide [Publication Details]

Feb 6, 2019 - This report is a visual guide that covers every major area of California’s education system, with chapters on early education, K-12 education, adult precollegiate education, undergraduate education, graduate education, and education facilities. Throughout the report, we rely almost entirely upon state and federal government data sources and cite the most readily available data.
https://lao.ca.gov/Publications/Detail/3924

State Fiscal Health Index: December 2018 [EconTax Blog]

Feb 5, 2019 - The index ranges from 0 (representing the lowest level in the last 25 years) to 100 (representing the highest level in the last 25 years). Both the level of the index and changes in the index from month to month offer information about the state ’s fiscal health.
https://lao.ca.gov/LAOEconTax/Article/Detail/344

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - In a Recession, School Spending Requirement Can Reduce the Size of Budget Problem. Typically, when revenues decline year over year, required constitutional spending on schools and community colleges also goes down.
https://lao.ca.gov/Publications/Report/3925