Proposed Reserves in the Governor’s May Revision

May 17, 2016 - In this process, the state reevaluates each year ’s BSA deposit twice: once in each of the two subsequent budgets. The state revises the BSA deposit up (down) if excess capital gains are higher (lower) than the state ’s prior estimates.
https://lao.ca.gov/Publications/Report/3463

Considering Changes to Streamline Local Housing Approvals [Publication Details]

May 17, 2016 - The Governor’s May Revision proposes changes to state law to streamline local government approval of certain housing. This proposal has the potential to be an important step toward addressing California’s housing shortage. We believe it warrants serious consideration from the Legislature.
https://lao.ca.gov/Publications/Detail/3470

May Revision 2016: Revenue Outlook [EconTax Blog]

May 16, 2016 - While the administration lowered its tax revenue estimates since January, the state ’s overall General Fund tax revenues (administration estimates for which are listed in Figure 1) still are estimated to grow each year during the state “budget window ”: up 5.4 percent in 2015-16 and another 4.0 percent in 2016-17.
https://lao.ca.gov/LAOEconTax/Article/Detail/186

Addressing California’s Convenience Zone Recycling Center Closures

May 16, 2016 - For these reasons, the state subsidizes recycling through two types of supplemental payments that provide CZ recyclers with a financial incentive to collect beverage containers with relatively low scrap values: processing payments and handling fees.
https://lao.ca.gov/Publications/Report/3466

Overview of May Revision Proposals For Higher Education [Publication Details]

May 16, 2016 - Overview of May Revision Proposals For Higher Education [Publication Details] Overview of May Revision Proposals For Higher Education Format: PDF Description: Notable new higher education proposals in the May Revision include a $75 million increase for community college general purpose apportionments, a $26 million increase for two initiatives to improve California State
https://lao.ca.gov/Publications/Detail/3465

Addressing California’s Convenience Zone Recycling Center Closures [Publication Details]

May 16, 2016 - It also provides some options that the Legislature could consider to help prevent additional closures, including statutory changes to recycler payments from the state and elimination of some recycler requirements.
https://lao.ca.gov/Publications/Detail/3466

May Revision 2016: Economic Outlook [EconTax Blog]

May 15, 2016 - Background on Economic Assumptions and State Budgeting. Each California state budget is premised on assumptions about the course of the U.S. and state economies. Economic assumptions, including those about the future trend in stock prices, must be made in order to develop the constitutionally required estimate of General Fund resources (revenues) in the annual state budget.
https://lao.ca.gov/LAOEconTax/Article/Detail/185

The 2016-17 Budget: Initial Comments on the Governor’s May Revision

May 15, 2016 - Since the Governor released his budget in January 2016, the state has made several significant budget commitments. Together, these budgetary commitments represent substantial new ongoing costs for the state.
https://lao.ca.gov/Publications/Report/3460

The 2016-17 Budget: Initial Comments on the Governor’s May Revision [Publication Details]

May 15, 2016 - Since January, the state has made budgetary commitments that represent substantial new ongoing costs for the state. These include: (1) an increase in the statewide minimum wage, (2) augmentations for health and human service programs, and (3) increased costs associated with new collective bargaining agreements.
https://lao.ca.gov/Publications/Detail/3460

Challenges in Reviewing Recently Released $400 Million Deferred Maintenance Project List [Publication Details]

May 11, 2016 - Also, given that there are only a few weeks remaining before the constitutionally-required June 15th deadline for the Legislature to adopt a state budget for 2016-17, we suggest that the Legislature may want to prioritize its review of the administration’s draft list.
https://lao.ca.gov/Publications/Detail/3457