The 2018-19 May Revision: LAO Economic Outlook

May 12, 2018 - A multitude of factors, however, will influence the path of the state ’s economy in ways that are very difficult to anticipate. Some of these factors are discussed below. Tight Labor Markets. The state ’s unemployment rate (4.2  percent as of March  2018) is the lowest it has been in decades.
https://lao.ca.gov/Publications/Report/3829

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - As designed, state funding for the program decreases over the three ‑year period, as local match requirements increase. In 2015 ‑16 and 2016 ‑17, the state provided $400  million and $300  million, respectively, for the program.
https://lao.ca.gov/Publications/Report/3694/3

Cap-and-Trade Extension: Issues for Legislative Oversight

Dec 12, 2017 - The state fund where moneys generated from state auction or sale of allowances are deposited. Industry Assistance Factor. A factor, established by state law or regulation, that is used to determine the number of allowances given to certain industries for free to help prevent emissions leakage.
https://lao.ca.gov/Publications/Report/3719

A History of California’s Budget Reserves

Mar 24, 2017 - The state has two budget reserves that fulfill this purpose: the Special Fund for Economic Uncertainties (SFEU) and the Budget Stabilization Account (BSA). Simply put, the SFEU is the difference between state spending and state revenues for a given fiscal year.
https://lao.ca.gov/Publications/Report/3630

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - In preparing the 2017 ‑18 budget, the administration concluded that the state ’s fiscal condition has worsened. In January, the administration ’s estimates suggested that, absent new budget solutions, the state faced a budget deficit of $1.6  billion at the end of 2017 ‑18.
https://lao.ca.gov/Publications/Report/3694/2

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The MHSA, approved by voters in 2004, generally requires unused county MHSA funding to revert to the state after three years and be made available for use by other counties. To date, the state ’s MHSA reversion policy has not been enforced and counties have built up large balances of MHSA funding potentially subject to the state ’s reversion policy.
https://lao.ca.gov/Publications/Report/3694/6

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Other Changes Changes to Cap on State Participation in IHSS Wages and Benefits. Currently, state participation in total IHSS county wage and benefit costs is capped at $12.10. The 2017 ‑18 budget package increases the state contribution cap to $1.10 above the state minimum wage once state minimum wage equals or exceeds $12.00.
https://lao.ca.gov/Publications/Report/3694/8

The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products [Publication Details]

May 12, 2019 - These exemptions would apply to the full amount of the state and local sales tax. The Governor’s proposal would require our office to submit reports evaluating these exemptions by January 1, 2021. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4040

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Creates New Line Item for UCOP in State Budget. The state budget itemizes funding for UCOP, implementing one of the recommendations from the April 2017 audit report. Specifically, the budget earmarks $349  million General Fund for the office.
https://lao.ca.gov/Publications/Report/3694/5

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - Requires the establishment of a state office to collect fees and taxes in the County of Humboldt, Trinity, or Mendocino. Sacramento Infrastructure Projects State Project Infrastructure Fund (SPIF) Transfers.
https://lao.ca.gov/Publications/Report/3694/12