Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - All the other large counties in the state have seen growth above 15 percent. Six of the seven counties with the highest growth rates are in the state ’s less expensive inland areas, with San Diego as the exception.  
https://lao.ca.gov/LAOEconTax/Article/Detail/714

Update on the Progress of the CalSTRS Funding Plan [Publication Details]

Nov 18, 2021 - This post provides an update on the progress of the California State Teachers’ Retirement System (CalSTRS) funding plan.
https://lao.ca.gov/Publications/Detail/4475

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - State ’s Required Contribution Rate Also Projected to Decrease Significantly. Once the state ’s share of UAO is eliminated, the funding plan dictates that the state ’s supplemental contribution rate would be repealed, at which point the state would contribute only the base rate of 2.017 percent for its share of DB program normal costs.
https://lao.ca.gov/Publications/Report/4475

The rights of individuals to make “fully free and informed” health decisions. [Ballot]

Nov 18, 2021 - Background State Laws Regarding Rights to Make Health Care Decisions. In general, an individual 's right to make health care decisions is broadly assumed and reflected in many parts of the state legal system, including the State Constitution, statutory law, and case law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-025

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - We end the post with observations on revenues from each of the state ’s three largest taxes. Revenue Is Surging, But Is It Sustainable? Unprecedented Growth in Revenues. Revenue collections have grown rapidly in recent months.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Reflecting these return assumptions could result in substantially lower state costs, particularly for the teachers ’ pension system. The box nearby has more details on possible future developments in the state ’s pension systems.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Address Pension Liabilities and Costs. The state has a number of options for allocating funds that would improve the funding status of the pension systems and/or provide cost relief for districts. For example, the state could use one ‑time funds to pay down pension liabilities more quickly, which would also tend to lower district costs over the next several decades.
https://lao.ca.gov/Publications/Report/4473

The 2022-23 Budget: California’s Fiscal Outlook [Publication Details]

Nov 17, 2021 - We also find the state will need to allocate about $14 billion to meet the constitutional requirements of the State Appropriation's Limit (SAL) across 2020-21 and 2021-22. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details] The 2022-23 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/4473

The 2022-23 Budget: Medi-Cal Fiscal Outlook

Nov 17, 2021 - Background Medi ‑Cal, the state ’s Medicaid program, provides health care coverage to around 14  million of the state ’s low ‑income residents. Medi ‑Cal costs generally are shared between the federal and state governments.
https://lao.ca.gov/Publications/Report/4474