Fiscal Outlook: Medi-Cal

Nov 14, 2018 - Fiscal Outlook: Medi-Cal California’s Fiscal Outlook Fiscal Outlook: Medi-Cal Medi-Cal, the state ’s Medicaid program, provides health care coverage to over 13  million of the state ’s low-income residents.
https://lao.ca.gov/Publications/Report/3898

Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Under these reevaluations, the state revises the BSA deposit up (down) if excess capital gains taxes are higher (lower) than the state ’s prior estimates. Infrastructure Spending Required When the BSA Reaches Specific Threshold.
https://lao.ca.gov/Publications/Report/3900

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Pension Rates and Costs Have Been Growing. School and community college employees generally participate in one of two state pension systems. The California State Teachers ’ Retirement System administers pension benefits for teachers, administrators, and other certificated employees, whereas the California Public
https://lao.ca.gov/Publications/Report/3897

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - It is important to note that the small net growth in state IHSS expenditures in 2019 ‑20 masks a number of cost increases and expected savings. Specifically, in 2019 ‑20, most of the estimated growth in state IHSS costs is expected to be offset by General Fund savings resulting from the statutorily scheduled 7  percent reduction of IHSS service hours triggered by the expiration of the current managed care organization (MCO) tax at the end of 2018 ‑19.
https://lao.ca.gov/Publications/Report/3899

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - Over the period, the state ’s retirement programs —including pension benefits for retired state employees (CalPERS); pension benefits for teachers (CalSTRS); and other post ‑employment benefits, namely health benefits for retirees —account for 13  p ercent of the total increase in underlying spending.
https://lao.ca.gov/Publications/Report/3896

Transportation and high-speed rail. [Ballot]

Nov 14, 2018 - It: Shifts existing state funds and responsibilities to local transportation programs. Shifts existing state funds to provide funding for state administration of vehicle and traffic programs. Terminates the state ’s high-speed rail project.
https://lao.ca.gov/BallotAnalysis/Initiative/2018-010

The 2019-20 Budget: California's Fiscal Outlook [Publication Details]

Nov 14, 2018 - The longer-term outlook for the state also is positive. Under our economic growth scenario, the state would have operating surpluses averaging around $4.5 billion per year (but declining over time). Under our recession scenario, the state would have enough reserves to cover a budget problem—provided the Legislature used all of the available resources in 2019-20 to build more reserves.
https://lao.ca.gov/Publications/Detail/3896

October 2018 State Tax Collections [EconTax Blog]

Nov 13, 2018 - October 2018 State Tax Collections [EconTax Blog] Carolyn Chu Collections Fall Short of Projections Due to Processing Issues. Due to issues related to withholding timing and the new sales tax IT system , October revenues shown below fall short of projections by $683 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/324

Proposition 3 [Ballot]

Nov 6, 2018 - In recent years, the state has spent about $4  billion per year to support water and environmental projects. Voter-Approved Bonds Are a Common Source of State Funding for These Projects. The state mainly uses general obligation (GO) bonds and the state ’s General Fund to pay for water and environmental projects.
https://lao.ca.gov/BallotAnalysis/Proposition?number=3&year=2018

Proposition 1 [Ballot]

Nov 6, 2018 - Fiscal Effects Bond Cost for State Housing Programs. This measure would allow the state to borrow up to $3  billion by selling general obligation bonds to investors, who would be repaid with interest from the state ’s General Fund.
https://lao.ca.gov/BallotAnalysis/Proposition?number=1&year=2018