The 2016-17 Budget: California Spending Plan [Publication Details]

Oct 5, 2016 - This year's California Spending Plan includes an interactive graphic to help the reader visualize how the state budget spent $167 billion in total state revenues. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/3487

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - State UI tax rates also apply to a base of each current employee ’s first $7,000 in annual wages, but vary by year and by employer according to a series of eight tax rate schedules laid out in state law.
https://lao.ca.gov/Publications/Report/3503/1

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - The state ’s peak year-end balance of loans was $10.2  billion at the end of 2012. Since that time, total revenues flowing into the UI trust fund have exceeded the cost of benefits each year so that the amount of the remaining federal loans is decreasing.
https://lao.ca.gov/Publications/Report/3503

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - (In a typical recession the trust fund would receive some revenues, although less than in years of economic growth due to decreased taxable wages. However, the effects of a major recession would stretch across multiple years.)
https://lao.ca.gov/Publications/Report/3503/3

Revisiting the Unemployment Insurance Trust Fund Insolvency

Sep 30, 2016 - Figure 1 Potential Year-End UI Trust Fund Reserve Balances Under Declining or Flat Unemployment a (In Billions) 4.1 a The Employment Development Department projections based on LAO unemployment rate assumptions. b Employers are projected to be paying increased federal unemployment insurance (UI) taxes through 2018, resulting in rapid improvement in the trust fund condition in these years.
https://lao.ca.gov/Publications/Report/3503/2

California’s First Film Tax Credit Program

Sep 29, 2016 - We expect the General Fund revenue reductions will peak in 2018 –19 at just under $110  million, as we show in Figure  8, before tapering off in later years. Tax credits could continue to be claimed until as late as fiscal year 2024 –25 , as taxpayers can carry credits forward for up to five years if they have insufficient tax liability to use them earlier.
https://lao.ca.gov/Publications/Report/3502

August 2016 State Jobs Report [EconTax Blog]

Sep 28, 2016 - For the month of August itself, the most notable seasonally-adjusted job gains were seen in the local government sector (apparently school district jobs) and professional and technical services (including consulting, computer system design, architecture, and research and development).
https://lao.ca.gov/LAOEconTax/Article/Detail/210

A Review of the California National Guard Education Assistance Award Program

Sep 27, 2016 - In recent years, the Military Department has spent 92  percent or more of the budgeted appropriation for the program. A small amount goes unspent because some awards do not get paid in certain circumstances, such as when a student drops out of school prior to the end of the “add/drop ” period for courses at that school.
https://lao.ca.gov/Publications/Report/3501

Proposition 13 Report: More Data on California Property Taxes [EconTax Blog]

Sep 22, 2016 - (This excludes property taxes received by school districts and other local governmental entities.) Adjusted for inflation, as shown below, cities and counties received roughly $790 per person in all tax revenues in 1977-78 before Proposition 13.
https://lao.ca.gov/LAOEconTax/Article/Detail/209

California Community Colleges: Second Progress Report on the Student Success Act of 2012

Sep 22, 2016 - Over the past two years, the state has taken notable actions to improve basic skills instruction. In the 2015 –16 budget, the Legislature funded two competitive, one –time basic skills grant programs to transform how community colleges (in collaboration with public schools and universities) provide basic skills instruction.
https://lao.ca.gov/Publications/Report/3500