Amid Good Fiscal Times, Planning for the Future Is Crucial

May 21, 2019 - The idea here is that in good times —when revenues are strong —the state spends somewhat below its capacity, sequestering the difference in reserves. Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support.
https://lao.ca.gov/Publications/Report/4051

The 2020-21 Budget: Addressing Revenue Uncertainty in the 2020-21 Cap-and-Trade Expenditure Plan

Jun 4, 2020 - Additionally, there may be other programs at the local level, such as local air district implementation of AB  617, where state funding might be needed to maintain staff and ongoing administrative activities.
https://lao.ca.gov/Publications/Report/4250

University of California Capital Outlay Projects [EdBudget]

Sep 18, 2019 - This language expresses legislative intent that the state General Fund pay the projects' associated debt service. UC has not yet determined the scope, cost, schedule, and associated debt service of each project.
https://lao.ca.gov/Education/EdBudget/Details/305

University of California Funding by Source [EdBudget]

Jul 31, 2019 - The remaining $1.1 billion is from the state General Fund (appropriated to the California Student Aid Commission) for Cal Grant and Middle Class Scholarship tuition coverage. b Less than $500,000 or 0.05 percent. c Includes a portion of overhead funding on federal and state grants, a portion of patent royalty income, and Proposition 56 funding designated for graduate medical education.
https://lao.ca.gov/Education/EdBudget/Details/303

The 2019-20 May Revision: K-12 Cal Grant Mandate

May 28, 2019 - In the nearby box, we provide background on how the state identifies mandates and provides the associated reimbursements. Background on Reimbursable State Mandates Constitution Requires the State to Reimburse Local Governments for Mandated Activities.  
https://lao.ca.gov/Publications/Report/4052

The 2019-20 Budget: Assessing the Governor’s Primary Care Physician Residency Proposals

May 9, 2019 - The state also can channel grant funding toward hospitals located in shortage areas of the state that do not yet have residency programs. We are also concerned about the inefficiency of the state operating two very similar grant programs.
https://lao.ca.gov/Publications/Report/4034

The 2019-20 Budget: May Revision Multiyear Budget Outlook

May 17, 2019 - The Governor has stated that one of the primary objectives of his budget is to better prepare the state for such a future challenge. To do this, the administration uses a substantial portion of the expected surplus to pay down state debts and liabilities.
https://lao.ca.gov/Publications/Report/4050

July 2019 Jobs Report [EconTax Blog]

Aug 19, 2019 - Overall employment in the state has grown 1.8 percent over the previous 12 months, slightly ahead of the national pace of 1.5 percent.  
https://lao.ca.gov/LAOEconTax/Article/Detail/394

Recent Changes to State and County IHSS Wage and Benefit Costs

Dec 14, 2018 - Beginning in 2019, the state participation cap will increase at the same time the state minimum wage increases. Specifically, once state min imum wage equals or exceeds $12.00 per hour, the state participation cap will always “float above, ” or exceed, the state minimum wage by $1.10.
https://lao.ca.gov/Publications/Report/3913

The 2020-21 Budget: Governor’s Information Security Proposals [Publication Details]

Feb 25, 2020 - One of the priorities of the Governor’s proposed 2020‑21 budget is to improve information security (IS) across state government entities. The proposed budget includes resource requests for the entities that govern IS for the entire state to increase their operational capacity, as well as resource requests for individual government entities to expand and improve their IS programs.
https://lao.ca.gov/Publications/Detail/4176