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

Proposition 2 [Ballot]

Nov 6, 2018 - This is because the state would have gone forward with No Place Like Home in any case. If the courts would have rejected the state ’s plan, the state would not have been able to move forward with No  Place Like Home.
https://lao.ca.gov/BallotAnalysis/Proposition?number=2&year=2018

Proposition 7 [Ballot]

Nov 6, 2018 - Currently, federal law does not allow states to adopt year-round DST. However, federal law allows states to opt out of DST and remain on standard time all year, as is currently the case in Arizona and Hawaii.
https://lao.ca.gov/BallotAnalysis/Proposition?number=7&year=2018

Proposition 8 [Ballot]

Nov 6, 2018 - CDC owner/operators would also be more likely to seek adjustments to the revenue cap or scale back operations in the state. In this scenario, state and local government costs for employee health benefits and state Medi-Cal costs could increase.
https://lao.ca.gov/BallotAnalysis/Proposition?number=8&year=2018

Proposition 12 [Ballot]

Nov 6, 2018 - Summary of Legislative Analyst ’s Estimate of Net State and Local Government Fiscal Impact Potential decrease in state income tax revenues from farm businesses, likely not more than several million dollars annually.
https://lao.ca.gov/BallotAnalysis/Proposition?number=12&year=2018

Proposition 4 [Ballot]

Nov 6, 2018 - The state borrows money to pay for long-term capital projects by issuing general obligation bonds. The repayment of these bonds is guaranteed by the state ’s general taxing power. The state repays general obligation bonds from the General Fund, the state ’s main operating account.
https://lao.ca.gov/BallotAnalysis/Proposition?number=4&year=2018

Proposition 5 [Ballot]

Nov 6, 2018 - More State Spending for Schools.   Current law requires the state to provide more funding to most schools to cover their property tax losses. As a result, state costs for schools would increase by over $100  million per year in the first few years.
https://lao.ca.gov/BallotAnalysis/Proposition?number=5&year=2018