The 2018-19 Budget: Analysis of the May Revision Education Budget Proposals

May 14, 2018 - The administration in January estimated that growth in per capita personal income would be 4. 25 p ercent. (For purposes of calculating the minimum guarantee, the data underlying the per capita personal income rate is lagged one year.)
https://lao.ca.gov/Publications/Report/3834

The 2018-19 Budget: Governor's May Revision Medi-Cal Budget

May 14, 2018 - Proposition  55 includes a budget formula that provides additional funding to Medi-Cal if, in the estimation of the Department of Finance (DOF), General Fund revenues will exceed constitutionally required spending on schools and the “workload budget ” costs of other government programs that were in place as of January 2016.
https://lao.ca.gov/Publications/Report/3839

The 2018-19 Budget: Analysis of the May Revision Education Budget Proposals [Publication Details]

May 14, 2018 - In this report, we analyze the 2018-19 May Revision education proposals. We first provide an overview of Proposition 98 funding and then focus on the Governor’s major proposals for K‑12 education, child care and preschool, community colleges, universities, and student financial aid. In the pages that follow, we offer many specific recommendations for the Legislature to consider.
https://lao.ca.gov/Publications/Detail/3834

The 2018-19 Budget: Governor’s May Revision Proposal for Caltrans’ Capital Outlay Support Program

May 13, 2018 - Thus, revenues in the current year reflected only a partial year of funding. For the COS program, the 2017 ‑18 budget increased staffing by 218 FTEs to reflect the new SB  1 workload but also decreased COS staffing by 283 FTEs to reflect declines in non-SB  1 project workload.
https://lao.ca.gov/Publications/Report/3833

The 2018-19 Budget: The May Revision—Funding to Address Homelessness

May 12, 2018 - If voters approve NPLH, the administration intends to award $262  million each year for seven years. These awards would start near the end of 2018. Based on typical costs for affordable housing development, these awards probably would fund roughly 20,000 supportive housing units.
https://lao.ca.gov/Publications/Report/3831

The 2018-19 Budget: Initial Comments on the May Revision

May 12, 2018 - School and community spending (under the provisions of Proposition  98) is $1.3  billion higher across the three fiscal years. Three main factors explain this increase. First, higher revenue requires the state to make larger payments to schools and community colleges in each year of the period.
https://lao.ca.gov/Publications/Report/3832

The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - Both our outlook and the Department of Finance ’s new economic forecast assume moderate growth over the next year or so. One key difference between our office and the administration is that our economic scenario assumes notably higher wage and salary growth in 2018 and 2019.
https://lao.ca.gov/Publications/Report/3829

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Most of the variance is explained by the PIT, where we are $3.7 billion higher than the administration over the three fiscal years combined. Most of that difference appears to be in capital gains and wages.
https://lao.ca.gov/Publications/Report/3830

The 2018-19 Budget: California Earned Income Tax Credit Education and Outreach

May 8, 2018 - In addition, eligible filers must be a U.S. citizen or resident alien and be at least age 25 if they do not have a qualifying child (these last two restrictions are based on the federal EITC). California Expanded State EITC in 2017.
https://lao.ca.gov/Publications/Report/3826

The 2018-19 Budget: A Guide to Understanding Potential Changes in the Proposition 98 Guarantee

May 7, 2018 - The state budget typically provides an annual COLA for certain school and community college programs. State law links this COLA to a national price index developed by the Bureau of Economic Analysis (a division of the U.S.
https://lao.ca.gov/Publications/Report/3823