Unit 2 (Attorneys) MOU Analysis

Sep 12, 2019 - This employee would contribute a total of 11.5  percent of pay towards the pension —about one-half of the blended normal cost for this pension benefit. (The other Unit 2 members already pay about one-half of normal cost.)
https://lao.ca.gov/Publications/Report/4095

State Fiscal Health Index: July 2019 [EconTax Blog]

Sep 10, 2019 - Knowing when the state ’s next budget slowdown will happen is impossible. Many economic factors outside the state ’s control influence state revenues. Despite this, certain data points can help us understand whether shifting economic conditions are likely to lead to growth or declines in state revenues in the coming months.
https://lao.ca.gov/LAOEconTax/Article/Detail/398

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 6, 2019 - This pay differential is considered pensionable compensation. The administration estimates this will increase state costs in 2019 ‑20 by $800,000 ($90,000 from the General Fund) and annual state costs by about $1  million in subsequent years.
https://lao.ca.gov/Publications/Report/4094

California's Geography of Wealth [Publication Details]

Sep 5, 2019 - California's Geography of Wealth [Publication Details] PDF Description: California is the wealthiest state in the nation. Despite this overall prosperity, wealth varies considerably across the state and its residents.
https://lao.ca.gov/Publications/Detail/4093

Pretrial release and bail. [Ballot]

Sep 4, 2019 - New State Pretrial Release Process State Adopted New Process in 2018. The Legislature passed and the Governor signed Chapter  244 of 2018 (SB  10, Hertzberg), which establishes a new state pretrial process.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-006

Building Permits Update: July 2019 [EconTax Blog]

Sep 3, 2019 - Since 1990, only two other times periods —the first half of 1990s and the Great Recession —have had permitting declines as significant as the state has experienced over the past year. Data source: CIRB (Construction Industry Research Board), a service provided by the California Homebuilding Foundation   http://www.mychf.org/cirb.html .   
https://lao.ca.gov/LAOEconTax/Article/Detail/397

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

Managing California’s Cash

Sep 3, 2019 - Over the next few decades, funds that pay pension costs accrue benefits through lower employer contributions costs relative to what they would be otherwise. Finally, funds that accrue these benefits are to repay the loan to the PMIA with interest.
https://lao.ca.gov/Publications/Report/4092

Evaluating Tax Expenditures [EconTax Blog]

Aug 29, 2019 - The Legislature clearly states the intent of some tax expenditures in the enacting legislation. For example, the stated intent of the California Competes tax credit is to “attract and retain high-value employers in the state. ” In other cases, the intended goal may be less clear.
https://lao.ca.gov/LAOEconTax/Article/Detail/396

The Quiet Transformation in California’s Cash Management

Aug 29, 2019 - The way it works is the state borrows the funds necessary to pay for its operations early in the fiscal year, when its net cash flows are negative. Later in May or June, after the bulk of state personal income tax payments are remitted in April and net cash flows turn positive, the state repays the loan.
https://lao.ca.gov/Publications/Report/4091