Housing and Economic Mobility [EconTax Blog]

Oct 10, 2016 - Because of this, state intervention may be needed to encourage more home building in key parts of the state. Follow @LAOEconTax on Twitter for regular California economy and tax updates.  
https://lao.ca.gov/LAOEconTax/Article/Detail/212

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Proposition  2 requires the state to make minimum annual deposits into the BSA, the state ’s rainy day fund. The budget includes a total Proposition  2 reserve requirement in 2016 –17 of $1.3  billion.
https://lao.ca.gov/Publications/Report/3487/1

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Additionally, the state budget provides direct funding for increases in CSU ’s retiree health benefit costs and higher pension costs associated with CSU ’s 2013 –14 payroll level. CSU funds remaining pension cost increases (associated with compensation above the 2013 –14 payroll level) using unrestricted funds.
https://lao.ca.gov/Publications/Report/3487/5

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Specifically, the DMV plans to place between 30 and 50 new terminals in businesses around the state (such as grocery stores or convenience stores), in order to provide greater access to DMV services.
https://lao.ca.gov/Publications/Report/3487/9

New Federal Toxics Law Could Have Future Implications for State

Oct 5, 2016 - States can enforce restrictions consistent with federal rules. States cannot enforce different restrictions for same scope without securing waiver. a Some existing state laws and regulations are “grandfathered ” and, hence, will continue to be enforceable.
https://lao.ca.gov/Publications/Report/3504

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Chapter  547 of 2015 (SB  350, de  Le ón) expanded the state ’s renewable portfolio standard from 33  percent by 2020 to 50  percent by 2030 and established a state goal of doubling the amount of energy efficiency savings by 2030.
https://lao.ca.gov/Publications/Report/3487/8

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Budget Overview State Spending Figure  1 displays total state and federal spending in the 2016 –17 budget package as of June 2016. As shown in the figure, the budget at that time assumed total state spending of $167.1  billion (not including federal and bond funds), an increase of 3.2  percent over revised totals for 2015 –16 .
https://lao.ca.gov/Publications/Report/3487

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - This IT project will replace the state ’s aging and decentralized IT financial systems with a new system integrating state government processes in the areas of budgeting, accounting, cash management, and procurement.
https://lao.ca.gov/Publications/Report/3487/11

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Slots Budget Package Increases Funding for State Preschool Slots. The budget provides $34  million for the State Preschool program to annualize the cost of preschool slots added January 1, 2015. The budget also provides $8  million for 2,959 new full –day State Preschool slots at LEAs starting April  1, 2017.
https://lao.ca.gov/Publications/Report/3487/4

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The law, Chapter  773 of 2015 (AB  403, Stone), made significant changes to the way the state cares for children who have been removed from their home and placed into the state ’s foster care system.
https://lao.ca.gov/Publications/Report/3487/7