District Pension Contribution Rates and Amounts [EdBudget]

Feb 6, 2025 - Rates and amounts for 2025-26 and subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Contribution amounts are for CalSTRS' Defined Benefit Program and are LAO estimates based on creditable compensation.
https://lao.ca.gov/Education/EdBudget/Details/931

Update on Student Housing Assistance

May 7, 2024 - CSU indicates it is currently developing a request for proposals for a new four ‑year grant period beginning in 2024 ‑25. At CSU, Rapid Rehousing Funds Support a Specific Model of Housing Assistance.
https://lao.ca.gov/Publications/Report/4898

^[PDF] Overview of State Housing Spending

HCD anticipates exhausting all Proposition 1 funding by the end of the 2024 calendar year. (In Millions) Multifamily Housing Program $1,500 Local Housing Trust Fund Matching Grant Program 300 Transit Oriented Development Infill Infrastructure Grant Program $300 Transit-Oriented Development Program 150 Farmworker Housing Joe Serna, Jr.
https://lao.ca.gov/handouts/socservices/2023/State-Housing-Spending-022823.pdf

U.S. Retail Sales Update: October 2024 [EconTax Blog]

Nov 15, 2024 - Retail Sales Update: October 2024 [EconTax Blog] U.S. Retail Sales Update: October 2024 November 15, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in October 2024 and revised estimates for September 2024.
https://lao.ca.gov/LAOEconTax/article/Detail/816

U.S. Retail Sales Update: October 2024 [EconTax Blog]

Nov 15, 2024 - Retail Sales Update: October 2024 [EconTax Blog] U.S. Retail Sales Update: October 2024 November 15, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in October 2024 and revised estimates for September 2024.
https://lao.ca.gov/LAOEconTax/Article/Detail/816

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Our forecast has revenues ending the current year (2024-25) up almost 20 percent from two years ago, considerably above the average two-year growth rate of 13 percent. Surging income tax collections underlie this growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Our forecast has revenues ending the current year (2024-25) up almost 20 percent from two years ago, considerably above the average two-year growth rate of 13 percent. Surging income tax collections underlie this growth.
https://lao.ca.gov/LAOEconTax/article/Detail/777

MOU Fiscal Analysis: Bargaining Unit 18

Aug 12, 2022 - Increased Pay for Top of Salary Ranges in 2023-24 and 2024-25. Effective July 1 in 2023 and again in 2024, Unit 18 members who are at the top step of their salary ranges would receive a 4  percent pay increase.
https://lao.ca.gov/Publications/Report/4617

THE CALIFORNIA ECONOMY

New residential building permits fell to only 85,000 in 1993, the lowest in over 25 years on a per capita basis. By comparison, new residential building permits averaged about 210,000 during the 1970s and 1980s, and peaked at over 300,000 in 1986.
https://lao.ca.gov/1995/010195_calguide/cgep1.html

^[PDF] Budget Reserves and Debt Repayments Under Proposition 2

If balances in SFEU reach a certain threshold (around $4 or $5 billion), the state’s sales tax rate would automatically decline by one-quarter cent for one calendar year. This would reduce reserves by about $1.5 billion during each year the trigger is in place.
https://lao.ca.gov/handouts/state_admin/2016/Reserves-and-Repayments-Under-Proposition-2-033016.pdf