The 2017-18 Budget: The Governor's May Revision Cannabis-Related Proposals [Publication Details]

May 16, 2017 - In this analysis, we discuss the Governor’s cannabis-related May Revision proposals for seven state departments. Based on our initial review of these proposals, we provide (1) overarching comments and (2) recommendations on each department’s specific proposal. LAO Bottom Line. The Governor’s May Revision proposes 201 positions and $43.
https://lao.ca.gov/Publications/Detail/3672

Summary of K-12 Recommendations [EdBudget]

May 15, 2017 - Charter School Facility Grant Program Increases grant amount from $750 to $1,236 per student and applies COLA to amount in subsequent years. Recipients receive lesser of this amount or 75 percent of their facilities cost.
https://lao.ca.gov/Education/EdBudget/Details/22

The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - Not Automatically Providing Statutory Supplemental Appropriation Provides Legislature With More Budget Flexibility in Future Years. Not providing the supplemental appropriation could lead to somewhat slower growth in school funding in future years.
https://lao.ca.gov/Publications/Report/3670

May Revision Funds Above the Minimum Guarantee Each Year of Period [EdBudget]

May 13, 2017 - May Revision Funds Above the Minimum Guarantee Each Year of Period [EdBudget] 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/Education/EdBudget/Details/11

The 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - Proposition 98 determines the minimum amount the state must spend on schools and community colleges each year. This minimum amount is funded by a combination of General Fund revenues and local property taxes.
https://lao.ca.gov/Publications/Report/3669

2017 May Revision: LAO Revenue Outlook [EconTax Blog]

May 12, 2017 - With the booming stock market of recent months, those selling stocks now are recording much larger gains than they would have a year ago. Therefore, our current projections anticipate that capital gains income on 2017 PIT returns will grow substantially to $138 billion before dropping over the next couple of years when stock prices are assumed to stagnate.
https://lao.ca.gov/LAOEconTax/Article/Detail/240

2017 May Revision: LAO Economic Outlook [EconTax Blog]

May 11, 2017 - There are various reasons this is the case: people always are switching from one job to another, wrapping up a temporary seasonal job, moving to another home, or graduating from school and looking for work.
https://lao.ca.gov/LAOEconTax/Article/Detail/239

Federal Funding for Natural Resources and Environmental Protection

May 10, 2017 - We identify total federal spending for these programs in 2015-16, as well as describe in more detail the state programs receiving the most in federal funds that year. About 6  Percent of Total Funding From Federal Sources.
https://lao.ca.gov/Publications/Report/3664

Federal Funding for Natural Resources and Environmental Protection [Publication Details]

May 10, 2017 - In this post, we provide more detail on federal funding for the state’s natural resources and environmental protection programs, with a focus on the five state departments that receive the most federal funds last year.
https://lao.ca.gov/Publications/Detail/3664

CalSTRS Funding: An Update [Publication Details]

May 5, 2017 - The CalSTRS board recently acted to change assumptions used to estimate its unfunded liabilities, including the key assumption about future investment returns--sometimes referred to as the "discount rate." These and other recent developments have eroded CalSTRS' funding situation.
https://lao.ca.gov/Publications/Detail/3662