April 2017 State Jobs Report [EconTax Blog]

May 31, 2017 - Sectors are colored: Green (faster job growth rate in California  over the past year compared to that sector for the nation as a whole), Black (a positive job growth rate in California over the past year, but  slower than  in the nation as a whole), or Red (a decline in California over the past year).
https://lao.ca.gov/LAOEconTax/Article/Detail/243

May 2017 Cap-and-Trade Auction Results [EconTax Blog]

May 24, 2017 - Although the ruling is being appealed to the Supreme Court, it likely provided businesses and traders with some additional confidence about the ARB’s authority to continue the program over the next couple of years.
https://lao.ca.gov/LAOEconTax/Article/Detail/242

Proposition 98 Multiyear Forecast Under LAO Revenue Estimates [EdBudget]

May 23, 2017 - PSSSA = Public School System Stabilization Account.   Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/31

LAO Multiyear State Budget Outlook

May 19, 2017 - Compared to the administration: (1) our office estimates the state will end 2016-17 with about $1 billion more in revenue and (2) our office’s estimate of state General Fund spending on schools and community colleges is nearly $800 million lower in 2017-18.
https://lao.ca.gov/Publications/Report/3675

The 2017-18 Budget: Overview of the Governor's May Revision Medi-Cal Budget Proposal

May 17, 2017 - While the Governor ’s proposed uses of Proposition  56 revenues within Medi-Cal in the May Revision proposal are generally consistent with the Governor ’s January budget proposal in terms of their paying for year-over-year program growth, there are several new areas within the existing Medi-Cal program where the Governor ’s May Revision proposes to allocate Proposition  56 revenues to pay for year-over-year growth.
https://lao.ca.gov/Publications/Report/3674

Child Care and Preschool Budget [EdBudget]

May 16, 2017 - e Some CalWORKs and non-CalWORKs child care providers use their funding to offer preschool. f Includes $1.6 million each year used for a family literacy program at certain State Preschool programs. g Reflects preliminary LAO estimates for 2016-17 and 2017-18.
https://lao.ca.gov/Education/EdBudget/Details/12

The 2017-18 Budget: The Governor's May Revision In-Home Supportive Services Cost-Sharing Proposal

May 16, 2017 - That is, year-over-year increases in realignment revenue pay for prior-year increases in county costs for realignment programs. As a result, counties effectively receive “reimbursement ” for the costs they incur.
https://lao.ca.gov/Publications/Report/3671

The 2017-18 Budget: The Governor's May Revision Cannabis-Related Proposals

May 16, 2017 - Beginning in 2018 ‑19, the May Revision proposes an additional $1  million per year for two years from the CCF to provide county agricultural commissioners with resources for cannabis-related pesticide use training and outreach.
https://lao.ca.gov/Publications/Report/3672

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal

May 16, 2017 - Figure  5 shows the administration ’s projections of future principal and interest payments until 2024-25. Administration Estimates the State Repayments Would Total Roughly $7  Billion. Under the administration ’s current projection of interest costs, total loan repayments —principal and interest payments —would be roughly $7  billion.
https://lao.ca.gov/Publications/Report/3673

The 2017-18 Budget: Governor’s CalPERS Borrowing Proposal [Publication Details]

May 16, 2017 - The Governor proposes that the state and General Fund and special funds repay this loan with interest over a period of about eight years. As we discuss in this brief, we think the plan would probably save the state money over the long run, although uncertainties remain about the likelihood and magnitude of this benefit.
https://lao.ca.gov/Publications/Detail/3673