New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - The abrupt reversal of inflation ’s decades-long trend of subsiding puts the Legislature in unfamiliar economic territory for budgeting and policymaking. As we prepared our fiscal outlook for the upcoming 2023-24 budget cycle, our office forecasted that heightened inflation will continue to be part of the economic backdrop.
https://lao.ca.gov/Publications/Report/4653

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - There are also some properties that appear to meet the de finition, although perhaps less clearly, like information technology projects. Does the State Need to Own the Asset to Count It as an Exclusion?
https://lao.ca.gov/Publications/Report/4547

Flexible Funding to California in the American Rescue Plan

Mar 23, 2021 - The funds will be distributed to states, tribes, and territories based on a formula that considers the state ’s share of the nation ’s unemployment. We estimate California ’s state government will receive about $26  billion of this total, although this number will change slightly depending on the specific unemployment estimates used in the calculation.
https://lao.ca.gov/Publications/Report/4407

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - For example, two major proposals raise concerns for our office: the suspension of net operating loss (NOL) de ductions and unallocated state operations reductions. Finally, given that our revenue forecast is somewhat below the administration ’s forecast, we would suggest the Legislature consider whether or not it is comfortable with this downside risk to the state ’s budget picture.
https://lao.ca.gov/Publications/Report/4902

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - Chapter  547 of 2015 (SB  350, de  Le ón) expanded the state ’s renewable portfolio standard from 33  percent by 2020 to 50  percent by 2030 and established a state goal of doubling the amount of energy efficiency savings by 2030.
https://lao.ca.gov/Publications/Report/3487/8

The 2018-19 Budget: Overview of the Governor's Budget

Jan 12, 2018 - Some Proposals Have Significant Out ‑Y ear Costs. While many of the infrastructure proposals in the Governor’s budget include relatively small spending amounts for 2018‑19, some would have growing and significant costs in later years.
https://lao.ca.gov/Publications/Report/3731

Strong Tax Collections Belie California's Challenging Fiscal Outlook

Apr 26, 2022 - As displayed in Figure  1, this spread briefly fell into negative territory in early April 2022, from 1.29  percentage points on October 8, 2021. While a temporary yield curve inversion alone is hardly a comprehensive basis on which to make state fiscal policy, its occurrence is cautionary.
https://lao.ca.gov/Publications/Report/4590

Overview of American Rescue Plan: Implications for California [Publication Details]

Mar 18, 2021 - Presented to: Assembly Subcommittee No. 6 on Budget Process, Oversight and Program Evaluation Hon. Philip Y. Ting, Chair
https://lao.ca.gov/Publications/Detail/4405

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

Oct 2, 2018 - The budget includes a one ‑time $ 25  m illion General Fund augmentation to POST for law enforcement training activities: (1)  $ 15  m illion for use of force and de ‑escalation training, (2)  $ 5  m illion for crisis mental health training, and (3)  $ 5  m illion to provide competitive grants for innovative trainings or procedures that could reduce officer ‑involved shootings.
https://lao.ca.gov/Publications/Report/3870/11

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - New Market Tax Credits, established in 2000, provide tax credits to taxpayers who invest in businesses or real estate in certain economically distressed areas. Investments under this program have been made for a wide variety of purposes, including renewable energy and affordable housing.
https://lao.ca.gov/Publications/Report/4038