The 2022-23 Budget: Federal Tax Conformity for Federal Business Assistance

Jan 26, 2022 - In addition, estimating in which years the revenue losses would occur is difficult. This is because most of the businesses that would benefit from conforming to the federal tax tr eatment of these grants have operating losses and will not owe taxes this year, or perhaps for several years.  
https://lao.ca.gov/Publications/Report/4501

The 2022-23 Budget: Special Education Proposals

Jan 25, 2022 - Specifically, rather than funding the highest year of SELPA ‑level attendance across three years, the Governor proposes to fund the highest year of attendance for each respective member LEA across three years.
https://lao.ca.gov/Publications/Report/4494

The 2022-23 Budget: Department of Toxic Substances Control Reform Implementation [Publication Details]

Jan 25, 2022 - However, we recommend the Legislature continue to conduct oversight of the programmatic expansions being proposed and to revisit staffing levels in future years. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4497

The 2022-23 Budget: Cap-and-Trade Expenditure Plan

Jan 25, 2022 - For example, the Governor ’s proposed budget includes $6.1 billion in total a five ‑year ZEV package, which includes $676 million from the GGRF. This is in addition to a $3.9 billion three ‑year package for ZEVs included in the 2021 ‑22 budget agreement.
https://lao.ca.gov/Publications/Report/4496

The 2022-23 Budget: Department of Toxic Substances Control Reform Implementation

Jan 25, 2022 - The proposed amount reflects a decrease of $ 355  m illion, or   41  p ercent, compared to projected current ‑year expenditures. The  year ‑to ‑year change largely reflects some one ‑time funds the department received in 2021 ‑22  that are not sustained at the same levels in the 2022 ‑23  proposal, including the $300  million to address brownfields as well as funding related to the Exide  facility.
https://lao.ca.gov/Publications/Report/4497

December 2021 Jobs Report [EconTax Blog]

Jan 24, 2022 - California ’s growth accounted for 25 percent of the national estimate of 199,000 net jobs gained in December, more than twice its share of the U.S. labor market (11.6 percent of the nation ’s total payroll jobs).
https://lao.ca.gov/LAOEconTax/Article/Detail/723

Minimum wage. [Ballot]

Jan 24, 2022 - These rising prices are called “inflation. ” Under current law, the state will adjust its minimum wage every year, starting in 2024. Each adjustment will reflect U.S. inflation, except in two cases: If inflation is negative, the adjustment will be zero.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-043

2021-22 “Big Three” Revenue Outlook Update: January 2022 [EconTax Blog]

Jan 21, 2022 - As reflected by the width of this range, with half 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/722

Taxpayer protection and government accountability. [Ballot]

Jan 19, 2022 - This year ’s state budget spends over $255  billion in state funds. Over 90  percent of the state budget is funded with revenues from taxes. These include, for example, sales taxes paid on goods and income taxes paid on wages and other sources of income.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-042

2022-23 Changes in Proposition 98 Spending [EdBudget]

Jan 14, 2022 - 2022-23 Changes in Proposition 98 Spending [EdBudget]   a Applies to special education, child nutrition, and K-12 mandates block grant. b Applies to the Foster Youth Program, American Indian Early Childhood Education, Special Education, State Preschool, Child Nutrition, Child and Adult Care Food Program, Charter School Facility Grant Program, American Indian Education Centers,
https://lao.ca.gov/Education/EdBudget/Details/585