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California Community Colleges Proposition 98 Spending by Program [EdBudget]

Sep 1, 2022 - California Community Colleges Proposition 98 Spending by Program [EdBudget]     d Reflects funding for programs with less than $2 million each in ongoing funding (Academic Senate, district financial crisis oversight, and Middle College High School).
https://lao.ca.gov/Education/EdBudget/Details/631

California's Cooling Housing Market [EconTax Blog]

Aug 30, 2022 - As a result of monetary policy interventions by the Federal Reserve (Fed), 30 year mortgage rates averaged 3 percent across 2020 and 2021, 2 5 percent lower than the average of the prior five years (4 percent).
https://lao.ca.gov/LAOEconTax/Article/Detail/749

Unit 8 (Firefighters) MOU Analysis

Aug 26, 2022 - That policy would be incorporated into the Governor ’s 2024-25 budget proposal in January 2024. Accordingly, the specifics of how the 66-hour duty week would be structured or implemented are not known.
https://lao.ca.gov/Publications/Report/4621

Unit 2 (Attorneys) MOU Analysis

Aug 25, 2022 - Effective July 1, 2023, the top step of three administrative law judge classifications would increase by 4.5  percent. 4.5  Percent Top Step Increase for Most Unit 2 Classifications in 2024-25. Effective July 1, 2024, the top step of all Unit 2 classifications, except classifications equivalent to the Attorney III classification, would increase
https://lao.ca.gov/Publications/Report/4619

Unit 9 (Professional Engineers) MOU Analysis

Aug 25, 2022 - As Figure  1 shows, the administration estimates that, by 2024-25, the agreement would increase state annual costs by $220.3  million ($6.5  million General Fund). Figure 1 Administration ’s Fiscal Estimates of Proposed Unit 9 Agreement (In Millions) Professional society and organization dues a — Transportation Surveyor recruitment and retention pay differential
https://lao.ca.gov/Publications/Report/4620

Overview of California's Ports

Aug 23, 2022 - The state plans to lend these properties to support port operations for one year, with an option to renew for another year. At the time of this writing, DGS had leased these properties to a wareho using company that will work with importers to store containers on these sites.
https://lao.ca.gov/Publications/Report/4618

Cannabis Tax Revenue Update [EconTax Blog]

Aug 22, 2022 - The administration currently estimates that retail excise tax revenue was $141 million and cultivation tax revenue was $26 million in the fourth quarter of fiscal year 2021-22 (April through June). Revenues Declining.
https://lao.ca.gov/LAOEconTax/Article/Detail/751

Districts' Pension Contribution Rates and Amounts [EdBudget]

Aug 18, 2022 - Rates and amounts for subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Total contribution amounts are LAO estimates based on creditable compensation.
https://lao.ca.gov/Education/EdBudget/Details/651

Contributions to CalSTRS [EdBudget]

Aug 18, 2022 - Rates and amounts for subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Reflects effective rates for school districts and community college districts.
https://lao.ca.gov/Education/EdBudget/Details/650

K-12 Funding by Source [EdBudget]

Aug 17, 2022 - K-12 Funding by Source [EdBudget]     a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 funding for the California State Preschool Program, and operational expenses of the California Department of Education. b Excludes funding for child care programs administered by the California Department of
https://lao.ca.gov/Education/EdBudget/Details/661