Uptick in Unemployment Rate Triggered a Recession Indicator [EconTax Blog]

Oct 3, 2023 - The state ’s unemployment rate has moved upwards since last fall —climbing from 3.8 percent in August 2022 to 4.6 percent in August 2023. Given this increase, the state version of the Sahm Rule triggered first in March 2023 and continues to indicate recession conditions.  
https://lao.ca.gov/LAOEconTax/Article/Detail/786

LAO Publications

All funds that make pension payments will repay the loan over the next decade or so. Authorizing l egislation gives the administration some discretion over how funds will repay the loan, but the statute includes a variety of repayment requirements.
https://lao.ca.gov/publications?page=6&year=0&publicationType=0

LAO Publications

All funds that make pension payments will repay the loan over the next decade or so. Authorizing l egislation gives the administration some discretion over how funds will repay the loan, but the statute includes a variety of repayment requirements.
https://lao.ca.gov/Publications?page=6&year=0&publicationType=0

LAO Publications

We recommend the Legislature take a different appro ach and allocate any new funding first for the state’s highest existing education priorities, including debt service, pension costs, and paying down community college deferrals.
https://lao.ca.gov/Publications?page=129&year=0&productid=0&categoryid=0

^[PDF] The 2011-12 Budget: California's Fiscal Outlook

As a result, many states—including California—set state tax levels at the maximum exemption level under federal law. There have been considerable efforts in recent years to change this current federal law to permanently limit both the federal and state estate tax.
https://lao.ca.gov/reports/2010/bud/fiscal_outlook/fiscal_outlook_2010.pdf

2023-24 Changes in Proposition 98 Spending [EdBudget]

Nov 7, 2023 - 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/Education/EdBudget/Details/778

State Converts CCC Student Housing Grants to Revenue Bonds [EdBudget]

Sep 13, 2023 - State Converts CCC Student Housing Grants to Revenue Bonds [EdBudget] $61.5 a Reflects state cost. Some projects supplement state funds with campus reserves or nonstate funds. b The 2023-24 budget package rescinds upfront one-time General Fund cash for CCC student housing projects.
https://lao.ca.gov/Education/EdBudget/Details/797

Research and development involving certain psychedelic substances (Amendment #1). [Ballot]

Sep 7, 2023 - During this initial five-year period, the state General Fund would not incur associated costs. The state ’s annual General Fund payments would commence in 2030. State Could Receive Some Revenue From New Discoveries.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

^[PDF] Budget Reserve Proposals

Implementation Issues for Legislative Consideration 8L E G I S L A T I V E A N A L Y S T ’ S O F F I C E April 28, 2014 LAO 70 YEARS OF SERVICE  Both Measures Use Funds for Purposes Other Than Building Reserves  ACA 4 dedicates funds that otherwise could go to reserves to state infrastructure spending. – The text of ACA 4 could be read to allow some of these funds to be used
https://lao.ca.gov/handouts/state_admin/2014/Budget-Reserve-Proposals-042814.pdf

Enacted Budget Shifts $3.2 Billion in Higher Education Capital Projects From Cash to Debt Financing [EdBudget]

Sep 13, 2023 - Enacted Budget Shifts $3.2 Billion in Higher Education Capital Projects From Cash to Debt Financing [EdBudget] $3,184.9 $240.5 a Reflects state cost of project (excluding nonstate costs). To generate near-term budget solution, the state rescinds upfront one-time General Fund for these projects (that is, it rescinds the amounts shown in this column). b The universities are to issue systemwide revenue bonds.
https://lao.ca.gov/Education/EdBudget/Details/789