Fiscal Outlook: Key Economic Assumptions [EconTax Blog]

Nov 15, 2017 - We show the key economic assumptions underlying our new Fiscal Outlook for California.
https://lao.ca.gov/LAOEconTax/Article/Detail/259

Fiscal Outlook: Property Taxes Exceed Budget Expectations [EconTax Blog]

Nov 15, 2017 - Although property taxes are allocated exclusively to local governments, property tax collections still affect the state budget. State funding requirements for schools are met through a combination of property taxes received by schools and state general fund dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/258

State Fiscal Effects of California’s Minimum Wage

Nov 15, 2017 - These income changes will affect the number of people receiving services, the cost of the services they receive, and the ways costs are shared among federal, state, and county governments. On net, these effects likely will reduce state General Fund spending on these programs.
https://lao.ca.gov/Publications/Report/3714

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - The near-term budget outlook is positive. Under our current estimates, the state would have $19.3 billion in total reserves (including $7.5 billion in discretionary reserves) at the end of 2018-19, assuming the Legislature makes no additional budget commitments. The Legislature can use discretionary resources to build more budget reserves, increase spending, and/or reduce taxes.
https://lao.ca.gov/Publications/Report/3718/1

Debt Service on Infrastructure Bonds

Nov 15, 2017 - Below, we discuss how we estimate the state ’s debt burden will change over the forecast period. Debt-Service Ratio (DSR) Is a Common Way to Measure Debt Burden. The DSR is often used as one indicator of the state's debt burden.
https://lao.ca.gov/Publications/Report/3713

The 2018-19 Budget: California's Fiscal Outlook

Nov 15, 2017 - The state could encourage districts to use any one ‑time funding for addressing retiree pension and health liabilities, addressing deferred maintenance, or purchasing instructional materials and education technology upgrades.
https://lao.ca.gov/Publications/Report/3718

State Fiscal Effects of California’s Minimum Wage [Publication Details]

Nov 15, 2017 - State Fiscal Effects of California’s Minimum Wage [Publication Details] 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/Publications/Detail/3714

The 2018-19 Budget: California's Fiscal Outlook [Publication Details]

Nov 15, 2017 - The state has made significant progress in preparing for the next recession. To assess the longer-term budget outlook, we present two illustrative economic scenarios for fiscal years after 2018-19. Under a moderate recession scenario, the state has enough reserves to cover its deficits until 2021-22, assuming the Legislature makes no additional budget commitments.
https://lao.ca.gov/Publications/Detail/3718

Fiscal Outlook: Developmental Services

Nov 15, 2017 - The state could increase General Fund revenues on a one-time basis from the sale of the state properties and buildings that house the DCs to a nonstate entity. It could also choose to repurpose one or more of these properties to generate a smaller amount of revenue to the state on an ongoing basis.
https://lao.ca.gov/Publications/Report/3717

Fiscal Outlook: Medi-Cal

Nov 15, 2017 - 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/3715