The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Because Opportunity Zone investments can be made anywhere in the country, California ’s Opportunity Zones are competing with zones in other states for investment. Arguably, creating a state Opportunity Zone benefit could help draw investment to California from other states by making California
https://lao.ca.gov/Publications/Report/4038

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - Define Goals and Invest in Planning Identify Significant Challenges. The federal assistance provided under the ARP is unprecedented. The magnitude of the federal package represents a unique opportunity for the state to take significant steps towards addressing various longstanding challenges that the pandemic has served to magnify.
https://lao.ca.gov/Publications/Report/4422

The 2019-20 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The 2019-20 May Revision: Opportunity Zones [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4038

The 2021-22 Budget: CalWORKs Fiscal Outlook

Dec 8, 2020 - The 2021-22 Budget: CalWORKs Fiscal Outlook The 2021-22 Budget CalWORKs Fiscal Outlook In this post, we describe our most recent forecast for California Work Opportunity and Responsibility to Kids (CalWORKs) program costs and discuss recent caseload trends.
https://lao.ca.gov/Publications/Report/4306

The Quiet Transformation in California’s Cash Management

Aug 29, 2019 - The Advantages of Self-Sufficient Cash Flow Management The structural misalignment between California ’s receipts and disbursements make its cash management activities a crucial, albeit behind-the-scenes, aspect of government operations.
https://lao.ca.gov/Publications/Report/4091

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The legislation requires UC to submit an annual report to the Legislature and the Department of Finance on these activities. $22.0 Precision medicine research Trailer legislation specifies funding is for supporting demonstration projects in both Northern and Southern California, to be selected by a committee of experts, and developing a public database of precision medicine assets (such as projects, data sets, and experts).
https://lao.ca.gov/Publications/Report/3487/5

The 2020-21 Budget: Proposition 2 Debt Payment Proposals

Mar 10, 2020 - Proposition   2 p resents the Legislature with a unique opportunity to determine how best to use funds that it is required to spend. We recommend the Legislature use Proposition   2 t o increase state contributions to CalSTRS to address actuarial losses in future years (should they occur).
https://lao.ca.gov/Publications/Report/4196

The 2016-17 Budget: The Governor’s Proposition 2 Debt Proposal

Feb 24, 2016 - To maximize this opportunity, we advise the Legislature to develop a long–term plan for Proposition  2 debt payment funds. For example, as we outline here, one way to seize this opportunity would be to address unfunded liabilities for retiree health benefits for state and CSU employees and judges’ pensions.
https://lao.ca.gov/Publications/Report/3363

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

Nov 17, 2021 - Although CalSTRS recently reported investment returns far above its long ‑term target, these returns are unlikely to reduce required district contributions. Under the funding plan the Legislature adopted in 2013 ‑14, the state General Fund is responsible for most of the volatility in CalSTRS ’ investment returns.
https://lao.ca.gov/Publications/Report/4473

Rethinking California's Reserve Policy

Apr 10, 2025 - Due to complex interactions, those formulas inconsistently reduce the excess capital gains directed to Proposition  2. As shown in Figure  13 , since Proposition  2 was passed, excess capital gains to Proposition  2 have been reduced between 0  percent to 30  percent each year (larger increments are also possible, if not likely, in the future).
https://lao.ca.gov/Publications/Report/5028