Sheriff Court-Security Services Mandate [Publication Details]

May 27, 2016 - Typically, the process for determining whether a law or regulation is a state-reimbursable mandate takes several years. State law further requires our office to analyze any new mandates identified by the commission as part of our annual analysis of the proposed state budget.
https://lao.ca.gov/Publications/Detail/3478

May Revision: Property Tax Estimates [EconTax Blog]

May 23, 2016 - This adjustment is made to better tie its estimates to data reported by schools and community colleges to the California Department of Education (CDE). The administration ’s method has consistently required this type of upward adjustment in prior years.
https://lao.ca.gov/LAOEconTax/Article/Detail/189

LAO Multiyear State Budget Outlook [Publication Details]

May 20, 2016 - As a result, the state’s budget is now more vulnerable to a future economic downturn than it was last year. For this reason, we suggest the Legislature aim to pass a state budget with a robust level of total reserves this year.
https://lao.ca.gov/Publications/Detail/3472

LAO Multiyear State Budget Outlook

May 20, 2016 - For several years, our office ’s multiyear outlooks have displayed budgetary surpluses associated with an economic growth scenario. This outlook is not an exception. However, our outlook now shows much smaller operating General Fund surpluses than our assessments in recent years.
https://lao.ca.gov/Publications/Report/3472

Overview of School Facilities Bond Measure [Publication Details]

May 18, 2016 - Overview of School Facilities Bond Measure [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/3471

Considering Changes to Streamline Local Housing Approvals

May 17, 2016 - During an earlier 30 –year period (1940 to 1970), the number of housing units in California ’s coastal metros grew by 200 percent. Similarly Desirable Locations Outside of California Build More Housing.
https://lao.ca.gov/Publications/Report/3470

Proposed Reserves in the Governor’s May Revision

May 17, 2016 - Proposition 2 (2014) took effect beginning in the 2015-16 fiscal year. It establishes a minimum amount that the state must deposit each year into the BSA. Figure 1 shows the method for calculating this amount.
https://lao.ca.gov/Publications/Report/3463

May Revision 2016: Revenue Outlook [EconTax Blog]

May 16, 2016 - The stock market tumbled in January, and tax revenue collections through April 2016 reflected a slightly slower rate of year-over-year growth than previously anticipated. Partly as a result of these developments, the administration lowered its revenue estimates in the May Revision by a net amount of $2.2 billion across four fiscal years: 2013-14, 2014-15, 2015-16, and 2016-17.
https://lao.ca.gov/LAOEconTax/Article/Detail/186

Addressing California’s Convenience Zone Recycling Center Closures

May 16, 2016 - As required under existing law, the department estimates recycling costs through surveys of recyclers every two years. The department determines scrap values based on monthly reports from processors.
https://lao.ca.gov/Publications/Report/3466

May Revision 2016: Economic Outlook [EconTax Blog]

May 15, 2016 - The Legislature and the Governor approved legislation to increase the statewide minimum wage for large and medium-sized employers to $15 per hour by 2022 (and for employers with 25 employees or less one year later), subject to possible delays due, for example, to an economic downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/185