2021-22 “Big Three” Revenue Outlook Update: September 2021 [EconTax Blog]

Sep 20, 2021 - As reflected by the width of this range, with so much of the fiscal year ahead of us there remains significant uncertainty about how much the state ultimately will collect. We also caution that the implications of unanticipated revenues for the state 's budget are not straightforward.
https://lao.ca.gov/LAOEconTax/Article/Detail/698

What Do Unanticipated Revenues Mean for the Surplus? [EconTax Blog]

Sep 20, 2021 - Finally, the state has to meet the constitutional requirements of the State Appropriations Limit, which does not limit the size of the surplus, but could restrict the uses of the surplus to certain types of spending or revenue reductions.
https://lao.ca.gov/LAOEconTax/Article/Detail/697

A New Method For Current Year Revenue Forecasting [EconTax Blog]

Sep 20, 2021 - Nonetheless, despite reporting on the new data, our offices generally have not quantified how the recent data changes the state ’s revenue outlook. To fill this void, our office recently developed a model to provide a monthly update of the forecast of current year collections from the state ’s “big three ” revenues (personal income, sales, and corporation taxes).
https://lao.ca.gov/LAOEconTax/Article/Detail/696

August 2021 Jobs Report [EconTax Blog]

Sep 17, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of June  was 5.8 percent below the level of February 2020, considerably worse than the national figure of 3.5 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/695

Changes in California State University General Fund Spending [EdBudget]

Sep 10, 2021 - The state intends to provide CSU an additional $225 million in each of the subsequent two years for this purpose. e These spending increases are offset by the removal of $20 million in prior-year, one-time funds.
https://lao.ca.gov/Education/EdBudget/Details/530

California State University Core Funding by Source [EdBudget]

Sep 10, 2021 - California State University Core Funding by Source [EdBudget]   a Includes funding for pensions and retiree health benefits. b Excludes $7 million ongoing General Fund provided to the Department of Social Services for legal services to immigrant students and employees at CSU campuses. c Includes spending appropriated in Section 19.57 of the 2021-22 Budget Act.
https://lao.ca.gov/Education/EdBudget/Details/529

2021-22 Changes in California Community Colleges Proposition 98 Spending [EdBudget]

Sep 10, 2021 - 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/524

California Community Colleges Proposition 98 Spending by Program [EdBudget]

Sep 9, 2021 - 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/525

California Community Colleges Funding by Source [EdBudget]

Sep 9, 2021 - b Primarily consists of revenue from student fees (other than enrollment fees), sales and services, and grants and contracts, as well as local debt-service payments. c Consists of federal relief funds provided directly to colleges as well as allocated through state budget decisions.
https://lao.ca.gov/Education/EdBudget/Details/523

Building Permits Update: July 2021 [EconTax Blog]

Sep 7, 2021 - Nonresidential construction permit remains historically weak, and July ’s total of $937 million was the single lowest monthly figure since 2012, when the state ’s economy was far smaller and the price level lower.
https://lao.ca.gov/LAOEconTax/Article/Detail/693