Focus Budget 1993: Highlighting Major Features of the 1993 California Budget [Publication Details]

Jul 1, 1993 - A major feature of the budget package is the adoption of the Governor’s proposal to shift $2.6 billion of property tax revenues from local governments to schools. This shift reduces the state’s education funding requirement under Proposition 98 by an equivalent amount.
https://lao.ca.gov/Publications/Detail/337

Overview of the May Revision 1993-94 [Publication Details]

May 1, 1993 - A major solution component continues to be a $2.6 billion local property tax shift. We conclude that, as currently structured, this property tax shift proposal is unworkable. It significantly reduces local (especially county) resources without a corresponding change in local responsibilities or a practical way to find replacement revenue in 1993-94.
https://lao.ca.gov/Publications/Detail/176

State Spending Plan for 1992-93: The 1992 Budget Act and Related Legislation [Publication Details]

Nov 1, 1992 - Last year, the Legislature resolved a 1991-92 budget funding gap of $14.3 billion through the enactment of $7.2 billion of tax increases, $3.4 billion of spending reductions, and $3.7 billion in other actions.
https://lao.ca.gov/Publications/Detail/1177

Options for Addressing the State's Fiscal Problem [Publication Details]

Jan 1, 1992 - In order to bring revenues and spending into balance on a permanent basis, the Legislature will need to make significant reductions in spending on major programs, as well as reexamine the coverage and structure of the state's tax system. An early start is needed to lay the groundwork for these difficult decisions.
https://lao.ca.gov/Publications/Detail/1943

Analysis of the 1991-92 Tax Expenditure Budget [Publication Details]

May 1, 1991 - Analysis of the 1991-92 Tax Expenditure Budget [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/2121

The 1987 Budget Act: A Summary [Publication Details]

Aug 1, 1987 - This report summarizes the fiscal effect of the 1987 Budget Act (SB 152). In addition, it highlights the funding levels approved for the state's major programs in 1987-88, and compares these funding levels to those authorized in prior years.
https://lao.ca.gov/Publications/Detail/2004

Why Aren't Revenue Estimates More Accurate? [Publication Details]

Nov 1, 1984 - The Legislature relies heavily on these estimates in deciding at what levels to fund state programs, how much money should be 11 put aside in reserves, and whether taxes should be raised or lowered. Consequently, the more accurate revenue estimates are, the more successful the Legislature can be in accomplishing its fiscal objectives--that is, selecting a combination of
https://lao.ca.gov/Publications/Detail/3146

Why Aren't Revenue Esitmates More Accurate? [Publication Details]

Nov 1, 1984 - The Legislature relies heavily on these estimates in deciding at what levels to fund state programs, how much money should be "put aside" in reserves, and whether taxes should be raised or lowered. Consequently, the more accurate revenue estimates are, the more successful the Legislature can be in accomplishing its fiscal objectives--that is, selecting a combination of
https://lao.ca.gov/Publications/Detail/3099

Federal Retrenchment and State Management [Publication Details]

Oct 21, 1983 - Bill includes four observations as follows. (1) The states' management of the retrenchment process—particularly in terms of the transition from categoricals to block grants—has been a solid success. (2) The relationship between federal and state tax policies is not what many of us were led to believe. (3) Faced with the inevitability of federal retrenchment, state governments
https://lao.ca.gov/Publications/Detail/3423

The 2014-15 Budget: Overview of the May Revision - The 2014-15 Budget: Overview of the May Revision - Press Conference Question and Answer [Video]

In addition, we project over $700 million more in local property taxes for school districts. If the Legislature wer e to adopt our office 's higher revenue forecast and property tax estimates, General Fund spending under Proposition 98 would increase $2.7 billion, relative to the administration 's May forecast.
https://lao.ca.gov/Videos/Player?playlistId=56&videoId=77