An Analysis of University Cash Management Issues [Publication Details]

Nov 10, 2020 - To weather the reduction in revenues, the universities have implemented, or are considering, internal borrowing and transfers, shifting more money back into short-term investment accounts, and issuing bonds to help cover operating costs.
https://lao.ca.gov/Publications/Detail/4293

Expanding Access to Safe and Affordable Drinking Water in California—A Status Update

Nov 10, 2020 - Senate Bill   200 r equires that beginning in 2023 ‑24 and through 2029 ‑30, if the amount automatically transferred from the GGRF to the SADW Fund does not total $ 130  m illion, sufficient monies from the General Fund shall also be transferred to make up the difference.
https://lao.ca.gov/Publications/Report/4294

An Analysis of University Cash Management Issues

Nov 10, 2020 - Internal Transfers. Internally transferring funds from one account to another (such as using reserves of student extended education fees to sustain parking programs) would enable campuses to fund their most urgent costs and priorities —potentially helping to keep noncore programs afloat during this time —but would result in funds not being spent on their originally intended purpose.
https://lao.ca.gov/Publications/Report/4293

Update on COVID-19 Spending in California

Nov 5, 2020 - The administration is required to notify the Joint Legislative Budget Committee (JLBC) of transfers into DREOA. The administration notified the JLBC of two DREOA of transfers related to COVID-19: $1.3  billion on March  25 and $1.8  billion on May 21.
https://lao.ca.gov/Publications/Report/4292

Proposition 15 [Ballot]

Nov 3, 2020 - Overall, $6.5  billion to $11.5  billion per year in new property taxes would go to local governments. 60  percent would go to cities, counties, and special districts. Each city, county, or special district ’s share of the money depends on several things including the amount of new taxes paid by commercial properties in that community.
https://lao.ca.gov/BallotAnalysis/Proposition?number=15&year=2020

Proposition 19 [Ballot]

Nov 3, 2020 - When a property changes ownership again, its taxable value is reset to its new purchase price. Property Taxes Increase When a Property Changes Ownership.   The taxable value of most properties is less than what they could be sold for.
https://lao.ca.gov/BallotAnalysis/Proposition?number=19&year=2020

Proposition 21 [Ballot]

Nov 3, 2020 - Several Cities Have Rent Control Laws.   Several California cities —including Los Angeles, San Francisco, and San Jose —have laws that limit how much landlords can increase rents for housing from one year to the next.
https://lao.ca.gov/BallotAnalysis/Proposition?number=21&year=2020

Proposition 22 [Ballot]

Nov 3, 2020 - This measure limits the ability of cities and counties to place additional rules on rideshare and delivery companies. Fiscal Effects Whether rideshare and delivery drivers are employees or independent contractors is still being decided in the courts.
https://lao.ca.gov/BallotAnalysis/Proposition?number=22&year=2020

Proposition 25 [Ballot]

Nov 3, 2020 - Counties and cities receive this paid bail. Bail Bond Industry Regulated by State. This includes licensing about 2,500 bail agents and monitoring the fee charged for a bail bond set by about 20 insurance companies that back such bonds.
https://lao.ca.gov/BallotAnalysis/Proposition?number=25&year=2020

2nd Quarter 2020 Personal Income Report [EconTax Blog]

Oct 23, 2020 - Transfer payments are defined as government payments that don ’t represent compensation for services performed by the recipient. Normally dividends, interest, and rent account for the second largest share of income, but this category was smaller than transfer payments in the second quarter.  
https://lao.ca.gov/LAOEconTax/Article/Detail/571