2017 May Revision: LAO Revenue Outlook [EconTax Blog]

May 12, 2017 - With the booming stock market of recent months, those selling stocks now are recording much larger gains than they would have a year ago. Therefore, our current projections anticipate that capital gains income on 2017 PIT returns will grow substantially to $138 billion before dropping over the next couple of years when stock prices are assumed to stagnate.
https://lao.ca.gov/LAOEconTax/Article/Detail/240

2017 May Revision: LAO Economic Outlook [EconTax Blog]

May 11, 2017 - There are various reasons this is the case: people always are switching from one job to another, wrapping up a temporary seasonal job, moving to another home, or graduating from school and looking for work.
https://lao.ca.gov/LAOEconTax/Article/Detail/239

Federal Funding for Natural Resources and Environmental Protection [Publication Details]

May 10, 2017 - In this post, we provide more detail on federal funding for the state’s natural resources and environmental protection programs, with a focus on the five state departments that receive the most federal funds last year.
https://lao.ca.gov/Publications/Detail/3664

Federal Funding for Natural Resources and Environmental Protection

May 10, 2017 - We identify total federal spending for these programs in 2015-16, as well as describe in more detail the state programs receiving the most in federal funds that year. About 6  Percent of Total Funding From Federal Sources.
https://lao.ca.gov/Publications/Report/3664

CalSTRS Funding: An Update

May 5, 2017 - Under this policy, the state is assigned $15  billion of the $21  billion increase, with school and community college districts generally assigned responsibility for the remainder. The state is now responsible for $29  billion of the total unfunded liability, and is expected to be assigned another several billion dollars of unfunded liabilities next year.
https://lao.ca.gov/Publications/Report/3662

CalSTRS Funding: An Update [Publication Details]

May 5, 2017 - The CalSTRS board recently acted to change assumptions used to estimate its unfunded liabilities, including the key assumption about future investment returns--sometimes referred to as the "discount rate." These and other recent developments have eroded CalSTRS' funding situation.
https://lao.ca.gov/Publications/Detail/3662

Update on COLA for K-14 Education Programs

Apr 28, 2017 - New COLA Affects Costs of Certain School and Community College Programs. As shown in the figure below, the Governor ’s budget included a COLA for several school and community college programs. For schools, the largest of these programs is special education whereas for community colleges, the largest is apportionments.
https://lao.ca.gov/Publications/Report/3657

Update on COLA for K-14 Education Programs [Publication Details]

Apr 28, 2017 - On April 28, 2017, the federal Bureau of Economic Analysis released updated information that affects the cost-of-living adjustment for certain school and community college programs. In this post, we describe the new information and its implications for school funding.
https://lao.ca.gov/Publications/Detail/3657

The 2017-18 Budget: Secretary of State Spring Finance Letter

Apr 25, 2017 - The administration requests a three-year funding increase of $463,000 per year for the Secretary of State and three positions to support the agency’s activities related to the implementation of SB 450.
https://lao.ca.gov/Publications/Report/3656

The 2017-18 Budget: Secretary of State Spring Finance Letter [Publication Details]

Apr 25, 2017 - The 2017-18 Budget: Secretary of State Spring Finance Letter [Publication Details] The 2017-18 Budget: Secretary of State Spring Finance Letter Format: HTML Description: In a Spring Finance Letter, the Governor proposes using remaining funds from a 2009 settlement agreement to provide the Secretary of State a three-year funding increase of $463,000 per year and three positions to support the agency’s activities related to the implementation of SB 450.
https://lao.ca.gov/Publications/Detail/3656