State Fiscal Effects of California’s Minimum Wage [Publication Details]

Nov 15, 2017 - This post discusses the fiscal effects of California's minimum wage on the General Fund. This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
https://lao.ca.gov/Publications/Detail/3714

Debt Service on Infrastructure Bonds

Nov 15, 2017 - We estimate that the DSR will remain somewhat below 5  percent over the next several years. This is because we project that General Fund revenues will increase at roughly the same pace as debt-service costs over the projection period.
https://lao.ca.gov/Publications/Report/3713

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - If Congress fails to do so, the state would likely exhaust its remaining federal funds by the end of the calendar year and potentially be required to continue to cover CHIP ‑eligible children with a lower federal share of costs.
https://lao.ca.gov/Publications/Report/3718

Fiscal Outlook: Developmental Services

Nov 15, 2017 - By the end of the outlook period, we project annual General Fund costs in the RC budget in the range of $25  million to $50  million to serve the 230 residents who will move after 2017-18. Development and Operation of Safety Net Resources.
https://lao.ca.gov/Publications/Report/3717

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 15, 2017 - For all following years, the MOE adjustment factor will depend on the growth in realignment revenues. For example, in years that realignment growth revenues increase by more than 2  percent, the IHSS county MOE will increase by 7  percent.
https://lao.ca.gov/Publications/Report/3712

The 2018-19 Budget: Proposition 98 Outlook

Nov 15, 2017 - The 2018-19 Budget: Proposition 98 Outlook Proposition 98 Outlook Executive Summary Substantial Funding Available for Schools and Community Colleges in Coming Budget Cycle. Each year, the state calculates a “minimum guarantee ” for school and community college funding based upon a set of formulas established by Proposition   98 (1988).
https://lao.ca.gov/Publications/Report/3716

State Fiscal Effects of California’s Minimum Wage

Nov 15, 2017 - A law passed in 2016 ( SB 3 [Leno] ) will increase California’s statewide minimum wage over a period of several years, reaching $15 per hour for most workers as soon as January 1, 2022. (In a 2016 blog series , we presented some data on the workers who will be affected by this policy.)
https://lao.ca.gov/Publications/Report/3714

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - The near-term budget outlook is positive. Under our current estimates, the state would have $19.3 billion in total reserves (including $7.5 billion in discretionary reserves) at the end of 2018-19, assuming the Legislature makes no additional budget commitments. The Legislature can use discretionary resources to build more budget reserves, increase spending, and/or reduce taxes.
https://lao.ca.gov/Publications/Report/3718/1

Fiscal Outlook: Medi-Cal

Nov 15, 2017 - Underlying Growth in Medi-Cal The underlying sources of year-over-year growth in Medi-Cal spending are changes in caseload and per-enrollee costs. We discuss our estimates for both of these factors below.
https://lao.ca.gov/Publications/Report/3715

Debt Service on Infrastructure Bonds [Publication Details]

Nov 15, 2017 - Debt service is a significant General Fund expenditure. In this post, we discuss how we estimate the state’s debt burden will change over the forecast period. This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
https://lao.ca.gov/Publications/Detail/3713