The Governor’s Tax Proposal [Publication Details]

Feb 21, 2007 - The budget contains two tax-change proposals. The first is to permanently repeal the existing teacher retention tax credit, which was adopted in 2000 but was temporarily suspended in four of the past six years.
https://lao.ca.gov/Publications/Detail/1612

Proposition 98 Update [Publication Details]

Feb 21, 2007 - Proposition 98 Update [Publication Details] HTML Description: Compared to the Governor’s budget, we estimate less General fund revenue in both the current and budget years. Given the particular formulas that drive Proposition 98, our revenue estimates result in a higher minimum guarantee in 2007-08.
https://lao.ca.gov/Publications/Detail/1613

Career Technical Education [Publication Details]

Feb 21, 2007 - Our review raises significant questions about the state’s approach to implementing the program and the proposed $52 million budget-year expenditure plan. We think the Legislature could strengthen local implementation of the program by using these funds to establish a seven-year grant program to improve CTE at the county or regional level.
https://lao.ca.gov/Publications/Detail/1616

Implementation of "AB 32" Global Warming Solutions Act of 2006 [Publication Details]

Feb 21, 2007 - The budget proposes $36 million across several state agencies to implement 2006 legislation (AB 32, Nuñez) that sets objectives and provides a roadmap for reducing greenhouse gas emissions in the state.
https://lao.ca.gov/Publications/Detail/1589

Proposition 98 Priorities [Publication Details]

Feb 21, 2007 - Although K-14 obligations have increased in 2007-08, they have dropped by slightly more than $600 million in 2006-07. We recommend the Legislature reduce current-year spending by a like amount. This would generate major one-time and ongoing savings while still providing enough funding to support a K-14 baseline budget in 2007-08.
https://lao.ca.gov/Publications/Detail/1614

Soledad Enrichment Action Charter School [Publication Details]

Feb 21, 2007 - Soledad Enrichment Action Charter School [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/1618

The California Prison Receivership: An Update [Publication Details]

Feb 21, 2007 - The California Prison Receivership: An Update [Publication Details] The California Prison Receivership: An Update Format: HTML Description: The federal court appointment last year of a Receiver to take over the state's prison medical care system is already resulting in a number of actions intended to improve inmate care as well as significant uncertainties regarding the state costs and savings likely to result from his actions .
https://lao.ca.gov/Publications/Detail/1580

2007-08 Budget: Perspectives and Issues [Publication Details]

Feb 21, 2007 - We estimate that the Governor’s budget plan would result in 2007-08 expenditures exceeding revenues by $2.6 billion. This would leave the state with a $726 million year-end deficit, compared to the Governor’s January 10th estimate of a $2.1 billion positive reserve. In addition, the state would face operating deficits of $3.4 billion in 2008-09, $2.5 billion in 2009-10, and $1.
https://lao.ca.gov/Publications/Detail/1560

Perspectives on the Economy and Demographics 2007-08 [Publication Details]

Feb 21, 2007 - For 2007, like most other economists at this time, we forecast that growth will continue but be modest for the nation and California. For the year as whole, 2007 growth will be somewhat less than it was in 2006, with the first half of the year the weakest. Throughout the year, however, growth should accelerate, as the housing sector stabilizes, especially in the second half of 2007.
https://lao.ca.gov/Publications/Detail/1558

Addressing Issues in the Traffic Congestion Relief Program [Publication Details]

Feb 21, 2007 - Seven years into the Traffic Congestion Relief Program (TCRP), only 26 of the 141 projects have been completed. In addition, many project sponsors have yet to identify full funding for their TCRP projects. While development work continues on many projects, delayed state funds and cost increases continue to threaten project delivery.
https://lao.ca.gov/Publications/Detail/1577