The 2016-17 Budget: California's Fiscal Outlook [Publication Details]

Nov 18, 2015 - Under the main economic scenario in this year's LAO Fiscal Outlook, 2016-17 would end with reserves of $11.5 billion, assuming the state makes no new budget commitments through next year. If the economy continues to grow through 2019-20, annual operating surpluses and larger reserves could materialize, and there may be capacity for some new budget commitments—whether spending increases or tax reductions.
https://lao.ca.gov/Publications/Detail/3305

Fiscal Outlook Addendum: CalPERS

Nov 18, 2015 - Specifically, after years when the CalPERS portfolio generates returns that are 4 or more percentage points above the system's discount rate assumption, the plan would gradually ratchet down the discount rate and the risk profile of the CalPERS portfolio.
https://lao.ca.gov/Publications/Report/3308

The 2016-17 Budget: California's Fiscal Outlook

Nov 18, 2015 - This is consistent with state practice over the past three years. (For 2015 –16 , we assume both segments meet their enrollment growth expectations and UC receives the corresponding $25 million set forth in the budget act.)
https://lao.ca.gov/Publications/Report/3305

Personal income taxes and funding for education and health programs (Amendment No. 1). [Ballot]

Nov 10, 2015 - The General Fund is budgeted to spend about $115  billion during the current 2015-16 fiscal year. State General Fund Spending. The largest category of state General Fund spending is for school districts and community colleges.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-070

Medical marijuana. [Ballot]

Nov 10, 2015 - The measure requires the California Department of Education to implement a drug-free schools program to educate all K-12 students in public and private schools, as well as their teachers and parents, regarding marijuana use.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-069

California campaign finance and disclosure laws. (Amendment #2). [Ballot]

Nov 5, 2015 - These costs include (1) one-time costs —possibly tens of millions of dollars —to state and local governments to develop new information technology systems and (2) ongoing costs to state and local governments of possibly millions of dollars each year.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-068

Death penalty. [Ballot]

Nov 4, 2015 - It is punishable by a life sentence in state prison with the possibility of being released by the state parole board after a minimum of 25 years. However, current state law make s first degree murder punishable by death or life imprisonment without the possibility of parole when specified “special circumstances ” of the crime have been charged and proven in court.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-066

Temporary extension of Proposition 30 income tax increases (Amendment No. 1). [Ballot]

Nov 3, 2015 - Thereafter, through 2030, that amount will rise or fall each year depending on tr ends in the stock market and the economy. Increased School and Community College Funding. Under current law, the expiration of Proposition  30 is expected to slow the growth of state tax revenues, thereby slowing the growth of school and community college funding.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-065

What Are California’s Major School Readiness Programs? [Publication Details]

Nov 1, 2015 - What Are California’s Major School Readiness Programs? [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/3890

Amend the California Constitution to generally require physicians to notify the parent or guardian of a minor under the age of 16 before performing an abortion on that minor, with certain exceptions.

Oct 30, 2015 - The measure would require such a legal action to commence within four years of the minor ’s 18th birthday or later, under specified circumstances; however, no new legal action may commence more than 12  years after the abortion occurred.
https://lao.ca.gov/BallotAnalysis/Initiative/2015-062