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

The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal

Feb 24, 2016 - We suggest the Legislature collaborate with the administration, state pension systems—including CalPERS, CalSTRS, and the UC Regents—and others to develop a long–term plan for Proposition  2 debt payment funds.
https://lao.ca.gov/Publications/Report/3363

The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal [Publication Details]

Feb 24, 2016 - It would also allow the state to begin addressing more of its retirement liabilities sooner. Our approach focuses on high-interest debts that the state is otherwise not addressing. Specifically, we suggest the Legislature prioritize: (1) the state’s pension system for judges and (2) retiree health benefits for state and California State University employees.
https://lao.ca.gov/Publications/Detail/3363

The 2016-17 Budget: The Governor’s Reserve Proposal

Feb 19, 2016 - The State Constitution has specific rules regarding how and when the state must make deposits into or may make withdrawals from the BSA. Budget Stabilization Account Proposition   2. Proposition  2 (2014) establishes a minimum amount that the state must use to build reserves and pay down debts each year.
https://lao.ca.gov/Publications/Report/3348

The 2016-17 Budget: Overview of the Governor's Budget

Jan 11, 2016 - Specifically, the proposal would redirect all Proposition  98 funds from State Preschool ($878  million), Transitional Kindergarten ($726  million), and the State Preschool Quality Rating and Improvement System (QRIS) Grant ($50  million).
https://lao.ca.gov/Publications/Report/3324

The 2016-17 Budget: Overview of the Governor's Budget [Publication Details]

Jan 11, 2016 - This publication is our office’s initial response to the 2016-17 Governor’s Budget proposal. Estimates of state personal income taxes and required school funding are up significantly. In allocating discretionary resources in the 2016-17 budget, the Governor prioritizes growing state budget reserves.
https://lao.ca.gov/Publications/Detail/3324

Fiscal Outlook Supplement on Proposition 2: True Up Calculations

Dec 3, 2015 - Under these reevaluations, the state revises the BSA deposit up or down if capital gains taxes were higher or lower than the state ’s prior estimates. In other words, if the initial estimate was too low, the Legislature must make an additional deposit, whereas if the estimate was too high, the difference is transferred back into the General Fund.
https://lao.ca.gov/Publications/Report/3314

Fiscal Outlook Supplement on Proposition 2: True Up Calculations [Publication Details]

Dec 3, 2015 - On November 18th, we released the 21st annual edition of our Fiscal Outlook, which projects California’s state budget condition through 2019-20 under a few different economic scenarios. This note provides the calculations and assumptions underlying the report’s estimates on Proposition 2 (2014), which changed the state’s budgeting practices concerning reserves and debt payments.
https://lao.ca.gov/Publications/Detail/3314

Fiscal Outlook Supplement on Proposition 2: Overview

Dec 2, 2015 - Under these reevaluations, the state revises the BSA deposit up or down if capital gains taxes were higher or lower than the state ’s prior estimates. The state does not revisit its estimate of the base amount in the true up calculation.
https://lao.ca.gov/Publications/Report/3313

Fiscal Outlook Supplement on Proposition 2: Overview [Publication Details]

Dec 2, 2015 - On November 18th, we released the 21st annual edition of our Fiscal Outlook, which projects California’s state budget condition through 2019-20 under a few different economic scenarios. This note provides the calculations and assumptions underlying the report’s estimates on Proposition 2 (2014), which changed the state’s budgeting practices concerning reserves and debt payments.
https://lao.ca.gov/Publications/Detail/3313