Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - This is because it shifts some of the supply of allowances from earlier years to later years. Banking Has Significant Advantages, but Also Has Trade ‑offs. Some of the key advantages of banking include ( 1) l ess price volatility and ( 2) i ncentivizing some emission reduction activities in early years that are less costly than an equivalent number of reductions in later years.
https://lao.ca.gov/Publications/Report/3719

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 2017-18 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2016 - This uncertainty is present in the near term and becomes greater in each subsequent year. We discuss two illustrative economic scenarios for the fiscal years after 2017-18. Under a mild recession scenario, the state would have enough reserves to cover its operating deficits through 2020-21.
https://lao.ca.gov/Publications/Detail/3507

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals [Publication Details]

Mar 26, 2019 - The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals [Publication Details] The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals Format: HTML Description: When facing budget problems in the past, the state has “deferred” payments from one fiscal year into the next, providing significant one-time budgetary savings.
https://lao.ca.gov/Publications/Detail/3988

The 2019-20 Budget: Proposition 98 Outlook [Publication Details]

Nov 14, 2018 - In this report, we examine how the minimum guarantee might change over the next several years and discuss the factors likely to be driving those changes. We then examine key aspects of district budgets—focusing on the main cost pressures facing districts over the next several years.
https://lao.ca.gov/Publications/Detail/3897

Cal Facts: 2016

Dec 5, 2016 - Cal Facts: 2016 State Experiencing Multiyear Dry Period Statewide Precipitation in Inches Precipitation has been at or below average for nine of the last ten years, with only one particularly wet year.
https://lao.ca.gov/Publications/Report/3511/5

Fiscal Outlook: Medi-Cal [Publication Details]

Nov 14, 2018 - Fiscal Outlook: Medi-Cal [Publication Details] HTML Description: This web post provides detail on our projections and assumptions related to General Fund spending in Medi-Cal for the years 2018-19 through 2022-23.
https://lao.ca.gov/Publications/Detail/3898

LAO Multiyear State Budget Outlook

May 20, 2016 - For several years, our office ’s multiyear outlooks have displayed budgetary surpluses associated with an economic growth scenario. This outlook is not an exception. However, our outlook now shows much smaller operating General Fund surpluses than our assessments in recent years.
https://lao.ca.gov/Publications/Report/3472

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Beginning in 2018 ‑19, the department will receive $3.2  million from the General Fund on an ongoing basis and 14  positions (two of which would be limited to two years). Field Office Replacement and Renovation Projects.
https://lao.ca.gov/Publications/Report/3694/10

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