Transportation funding, Amendment #1. [Ballot]

Jun 26, 2017 - The legislation also schedules $706  million to repay over a three-year period —starting in 2017-18 —certain loans that were made in prior years from various special transportation funds to the state General Fund.
https://lao.ca.gov/BallotAnalysis/Initiative/2017-004

How Will Aging Baby Boomers Affect Future Property Tax Revenues? [EconTax Blog]

Jun 20, 2017 - In recent years, this has contributed to declining property sales and depressed property tax growth. As California 's homeowners continue to age, however, these patterns are likely to reverse. Home sales likely will pick up.
https://lao.ca.gov/LAOEconTax/Article/Detail/247

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - The typical 25 to 35 year old homeowner has been in their home for about four and a half years. In contrast, the typical homeowner over 65 has been in their home for over 20 years. A consequence of this is that the aging of California ’s homeowners will not just increase turnover, it will increase turnover of homes that have not changed hands in many years.
https://lao.ca.gov/Publications/Report/3693

How Will Aging Baby Boomers Affect Future Property Tax Revenues? [Publication Details]

Jun 20, 2017 - In the coming years, more and more aging homeowners likely will look to sell their homes. This surge in sales should boost local government property tax collections. These potential property tax gains are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.
https://lao.ca.gov/Publications/Detail/3693

Overview of the 2017 Transportation Funding Package

Jun 8, 2017 - Senate Bill 1 increases funding for this program by $25  million annually. Local and Regional Planning ($25   Million). The funding package provides $25  million annually for a new program of local planning grants.
https://lao.ca.gov/Publications/Report/3688

April 2017 State Jobs Report [EconTax Blog]

May 31, 2017 - Sectors are colored: Green (faster job growth rate in California  over the past year compared to that sector for the nation as a whole), Black (a positive job growth rate in California over the past year, but  slower than  in the nation as a whole), or Red (a decline in California over the past year).
https://lao.ca.gov/LAOEconTax/Article/Detail/243

May 2017 Cap-and-Trade Auction Results [EconTax Blog]

May 24, 2017 - Although the ruling is being appealed to the Supreme Court, it likely provided businesses and traders with some additional confidence about the ARB’s authority to continue the program over the next couple of years.
https://lao.ca.gov/LAOEconTax/Article/Detail/242

Proposition 98 Multiyear Forecast Under LAO Revenue Estimates [EdBudget]

May 23, 2017 - PSSSA = Public School System Stabilization Account.   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/31

LAO Multiyear State Budget Outlook

May 19, 2017 - Compared to the administration: (1) our office estimates the state will end 2016-17 with about $1 billion more in revenue and (2) our office’s estimate of state General Fund spending on schools and community colleges is nearly $800 million lower in 2017-18.
https://lao.ca.gov/Publications/Report/3675

The 2017-18 Budget: Overview of the Governor's May Revision Medi-Cal Budget Proposal

May 17, 2017 - While the Governor ’s proposed uses of Proposition  56 revenues within Medi-Cal in the May Revision proposal are generally consistent with the Governor ’s January budget proposal in terms of their paying for year-over-year program growth, there are several new areas within the existing Medi-Cal program where the Governor ’s May Revision proposes to allocate Proposition  56 revenues to pay for year-over-year growth.
https://lao.ca.gov/Publications/Report/3674