The 2018-19 Budget: Governor's Gann Limit Estimates

Apr 6, 2018 - Each year, the California Department of Education (CDE) releases data on school district finances around the middle of February. The most recent release contains actual school district data for 2016 ‑17.
https://lao.ca.gov/Publications/Report/3800

The 2018-19 Budget: California’s New Tax Departments

Apr 4, 2018 - In recent years, various audits, evaluations, hearings, and other inquiries have indicated a variety of problems with BOE ’s operations, including actions that were not consistent with legislative directives.
https://lao.ca.gov/Publications/Report/3796

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - Additionally, to claim the existing credit, the employer must pay a new employee a starting wage of at least 150  p ercent of the state minimum wage —in 2018, for most businesses with more than 25 e mployees, that amount is $16. 50 p er hour.
https://lao.ca.gov/Publications/Report/3784

Building Reserves to Prepare for a Recession

Mar 7, 2018 - The formulas also provide for “maintenance factor, ” which requires the state to accelerate school funding in strong revenue years to compensate for lower funding in weaker years. Given these formulas, General Fund spending on schools and community colleges tends to increase when revenues are growing and decline when revenues decline.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 Budget: The Administration’s Proposition 55 Estimates

Mar 1, 2018 - Calculation This Year Will Set Precedent for Future Years. The administration of the Medi ‑Cal funding formula under Proposition   55 t his year will have implications for how the calculation is interpreted and administered in future years.
https://lao.ca.gov/Publications/Report/3765

The 2018-19 Budget: The Administration’s Proposition 55 Estimates [Publication Details]

Mar 1, 2018 - In 2018-19, the first year of implementation of this calculation, the administration’s interpretations and estimates result in no additional funds to Medi-Cal. Two key choices lead to this result. First, the administration’s decision to subtract $3.5 billion from available revenues to account for its proposed optional reserve deposit significantly reduces the calculation’s starting point, eliminating a surplus that would have directed funds to Medi-Cal.
https://lao.ca.gov/Publications/Detail/3765

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - In addition, the proposal would: Reduce the amount of credits from $200  million per year to $180  million per year. Eliminate the requirement that 25  percent of the total amount of available credits be awarded to small businesses.
https://lao.ca.gov/Publications/Report/3759

The 2018-19 Budget: California Competes Proposal [Publication Details]

Feb 21, 2018 - The Governor proposes extending the California Competes tax credit for five years. We recommend rejecting the administration’s proposal to extend the California Competes tax credit because of problems that are inherent in and unavoidable for these types of programs. If the Legislature chooses to extend California Competes, we offer several suggestions that may alleviate some of its problems.
https://lao.ca.gov/Publications/Detail/3759

Long-term Capacity for Debt Payments Under Proposition 2

Dec 21, 2017 - The state owes “settle up ” to schools and community colleges when the formula-driven minimum funding level for K-14 education ends up larger than the amount initially included in the budget. Settle-up obligations incurred before July 1, 2014 are eligible for repayment under Proposition  2.
https://lao.ca.gov/Publications/Report/3727

Review of the California Competes Tax Credit

Oct 31, 2017 - While GO ‑Biz sets aside 25  percent of the available tax credits for small businesses, as required, too few qualified businesses have applied to California Competes to utilize all of those credits. Figure  6 shows the amount of tax credits available to small businesses and the amount actually awarded each year.
https://lao.ca.gov/Publications/Report/3709