Fiscal Outlook: Focus on Revenues [EconTax Blog]

Nov 20, 2019 - Transfers into and out of the General Fund to other state funds are shown as revenues. Relative to June, we estimate the state will deposit less in constitutionally required transfers into the Budget Stabilization Account (the state ’s main reserve fund) in 2018-19 and 2019-20.
https://lao.ca.gov/LAOEconTax/Article/Detail/414

State Fiscal Health Index: December 2019 [EconTax Blog]

Feb 5, 2020 - State Fiscal Health Index: December 2019 [EconTax Blog] State Fiscal Health Index: December 2019 February 5, 2020 Brian Uhler Bottom Line: As has been true for several months, data provides a mixed message about the condition of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/432

Examining California's Income Tax Withholding Growth by Sector [EconTax Blog]

Jun 9, 2021 - In contrast, manufacturing (which has 1.25 million employees in the state) is split among 21 different 3-digit NAICS codes, including the computer equipment and vehicles/aircraft subsectors that both made the top ten.
https://lao.ca.gov/LAOEconTax/Article/Detail/662

The 2023-24 Budget: Improving Legislative Oversight of CalFire’s Emergency Fire Protection Budget

May 1, 2023 - The California Constitution entrusts the Legislature with the power of appropriation, including through the annual state budget act and other legislation. This role provides an important check and balance in the state ’s system of separation of powers, as well as helps to ensure that state funds are being spent efficiently and effectively and in
https://lao.ca.gov/Publications/Report/4765

Nonreporting Entities' Information Security Compliance

Mar 30, 2023 - IS Governance Consider Amending CDT ’s IS Authority to Address Statutory Ambiguity of State Agency and State Entity Definitions and Use. One option for legislative consideration to improve IS governance of nonreporting entities is to amend CDT ’s IS authority to address the current ambiguity in the definitions and use of state agency and
https://lao.ca.gov/Publications/Report/4756

Income Tax Withholding Tracker: May 1 - May 28 [EconTax Blog]

May 28, 2021 - The final graph compares the state ’s year over year percent change in cumulative withholding in 2020-21 to the nation ’s withholding from the federal income tax, and shows that state collections have maintained a faster pace for months.
https://lao.ca.gov/LAOEconTax/Article/Detail/660

State Fiscal Health Index: November 2019 [EconTax Blog]

Jan 9, 2020 - State Fiscal Health Index: November 2019 [EconTax Blog] State Fiscal Health Index: November 2019 January 9, 2020 Justin Garosi Bottom Line: Data provides a mixed message about the condition of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/426

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - Over the period, the state ’s retirement programs —including pension benefits for retired state employees (CalPERS); pension benefits for teachers (CalSTRS); and other post ‑employment benefits, namely health benefits for retirees —account for 13  p ercent of the total increase in underlying spending.
https://lao.ca.gov/Publications/Report/3896

^[PDF] Overview of Proposition 98 Budget

The state currently is carrying a maintenance factor of $10.6 billion. Constitutional P 98 CalSTRS Pension Benefi ts For benefi ts already earned by current and past teachers and administrators, an unfunded liability of over $56 billion was reported as of June 30, 2010.
https://lao.ca.gov/handouts/education/2012/Overview_of_Proposition_98_Budget_030612.pdf

The 2015-16 Budget: California's Fiscal Outlook

Under CalPERS ’ new actuarial assumptions, the state must contribute more money towards the pension fund. The pension rate increases are phased in between 2014 –15 and 2016 –17 . Due to these retirement rate increases and assumed higher payroll costs, we estimate that the state ’s General Fund contributions to CalPERS for
https://lao.ca.gov/reports/2014/budget/fiscal-outlook/fiscal-outlook-111914.aspx