How Does the October Inflation Report Change Our Outlook? [EconTax Blog]

Nov 16, 2022 - Latest Related Articles     Article Tags Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/LAOEconTax/Article/Detail/760

The 2023-24 Budget: California's Fiscal Outlook [Publication Details]

Nov 16, 2022 - In this report, we anticipate the state will have a $24 billion budget problem to solve in the upcoming fiscal year and operating deficits declining from $17 billion to $8 billion over the multiyear period.
https://lao.ca.gov/Publications/Detail/4646

The 2023-24 Budget: Considering Inflation's Effects on State Programs [Publication Details]

Nov 16, 2022 - The 2023-24 Budget: Considering Inflation's Effects on State Programs [Publication Details] Description: This brief takes a case study approach to examine how elevated inflation has already impacted—and could continue to impact—state spending programs.
https://lao.ca.gov/Publications/Detail/4647

The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 16, 2022 - The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details] The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges Format: HTML Description: Each year, the state calculates a “minimum guarantee” for school and community college funding based upon a set of formulas established by Proposition 98 (1988).
https://lao.ca.gov/Publications/Detail/4648

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - The net effect of these assumptions is that the outlook assumes that state pension contribution rates are significantly higher than the projected rates published in CalPERS ’ most recent actuarial valuation.
https://lao.ca.gov/Publications/Report/4646

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Other benefit costs—such as for pensions, retiree health, and employee health benefits—also tend to increase with inflation. For example, state costs for retiree health are driven by the number of retirees receiving the benefit and the cost of health premiums.
https://lao.ca.gov/Publications/Report/4647

The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 16, 2022 - Due primarily to our lower General Fund revenues, we estimate the state is below the limit in 2022 ‑23 and 2023 ‑24. …But Would Affect State Budgeting in the Future. Assuming General Fund revenues follow the trajectory in our forecast, the state appropriations limit would begin to affect state budgeting in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4648

The 2023-24 Budget: Medi-Cal Fiscal Outlook

Nov 16, 2022 - Medi ‑Cal, the state ’s Medicaid program, provides health care coverage to over 14  million of the state ’s low ‑income residents. In a typical year, the General Fund covers a little more than 20  percent of total Medi ‑Cal costs, with federal funds and other state and local funds respectively covering the remaining 65  percent and 15  percent of total costs.
https://lao.ca.gov/Publications/Report/4649

Living Under Smoky Skies—Understanding the Challenges Posed by Wildfire Smoke in California [Publication Details]

Nov 14, 2022 -
https://lao.ca.gov/Publications/Detail/4644

Living Under Smoky Skies—Understanding the Challenges Posed by Wildfire Smoke in California

Nov 14, 2022 - A key component of the state ’s strategy to accomplish these improvements is to reintroduce a greater level of ongoing, controlled fire onto landscapes across the state. This includes expanding the use of prescribed fire by the state and its partners.
https://lao.ca.gov/Publications/Report/4644