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

The 2020-21 Budget: Structuring the Budget

Feb 10, 2020 - Proposition  2 (201 4) a ims to insulate the budget from revenue declines in several ways. In particular, it sets aside monies —including from capital gains, one of the most volatile components of state revenues —and dedicates them to budget reserves and debt payments.
https://lao.ca.gov/Publications/Report/4150

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