The 2019-20 May Revision: LAO Revenue Outlook

May 12, 2019 - Supreme Court ruling in South Dakota v. Wayfair, Inc. , which gives states new opportunities to improve compliance with the use tax on Internet sales. .  .  .  But Softened by Economic Factors. Our SUT projections are based, in part, on several parts of our economic outlook —particularly our projections for California personal income.
https://lao.ca.gov/Publications/Report/4037

COVID-19 and California’s Evolving Fiscal Outlook

Mar 18, 2020 - Aided by monetary and (federal) fiscal stimulus, broad-based demand would rebound, contributing to a V ‑shaped recovery, in which activity recovers nearly as quickly as it fell. In a more pessimistic scenario, economic activity would remain depressed for longer, compounded by dislocated supply chains and reduced lending caused by elevated risk aversion in credit markets.
https://lao.ca.gov/Publications/Report/4203

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The budget includes $2  billion from the General Fund for inmate medical care to comply with the federal court in the Plata v. Brown case, an increase of $46  million, or 2  percent, above the revised 2016 ‑17 level of spending.
https://lao.ca.gov/Publications/Report/3694/11

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget includes $2  billion from the General Fund for inmate medical care to comply with the federal court in the Plata v. Brown case, an increase of $54  million, or 3  percent, above the revised 2015 –16 level of spending.
https://lao.ca.gov/Publications/Report/3487/10

Building Reserves to Prepare for a Recession

Mar 7, 2018 - In a 2003 decision in Paterno v. California , a state appellate court found the state was responsible for a levee failure along the Yuba River in 1986. The state eventually paid a $ 464  m illion settlement to the nearly 3, 000 p laintiffs.
https://lao.ca.gov/Publications/Report/3769

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - Growth in Medi ‑Cal funding in 2018 ‑ 19 o ver revised 2017 ‑ 18 l evels primarily reflects ( 1)  r eductions in the amount of other state funds available to offset General Fund spending, including funding provided through Proposition  56 (2016); ( 2)  v arious technical adjustments —largely one time in nature —as a result of reduced federal funding, requiring a General Fund backfill; and ( 3)  r egular growth in program costs.
https://lao.ca.gov/Publications/Report/3870/6

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - This largely has been due to ( 1)  r ising caseload and costs per beneficiary, ( 2)  s cheduled reductions in federal funding (as the federal share of costs for Medi ‑Cal ’s optional expansion population has declined), and ( 3)  v arious technical adjustments.
https://lao.ca.gov/Publications/Report/3896

The 2015-16 Budget: California Spending Plan

Oct 19, 2015 - The largest augmentations are $3.7 million (one time) for CDE to continue to contract with a legal firm to represent the state in the Cruz v. California case and $3.6 million (one time) to continue the Standardized Account Code System (SACS) upgrade project.
https://lao.ca.gov/Publications/Report/3302

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Other notable augmentations include $423,000 (ongoing non –Proposition  98 General Fund) for CDE to ensure schools understand the importance of providing appropriate services to all English learners pursuant to the DJ  v.  
https://lao.ca.gov/Publications/Report/3487/3