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

Oct 2, 2018 - Permanently Extends Regional Market Rate (RMR) Hold Harmless Provision. The budget provides $ 14  m illion ($ 13  m illion non ‑Proposition  98 General Fund and $ 1  m illion federal funds) to permanently extend the RMR hold harmless provision so that no provider moving forward receives less than it received on January 1, 2018.
https://lao.ca.gov/Publications/Report/3870/4

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

The 2018-19 May Revision: LAO Revenue Outlook

May 12, 2018 - Under our economic scenario, the S &P 500 drops by about 8 percent in 2019. Accordingly, estimated net capital gains decrease to about $135 billion in 2019 and remain around that level through 2022. Corporation Tax (CT) Revenues Up Significantly in 2017-18.
https://lao.ca.gov/Publications/Report/3830

Rethinking California's Reserve Policy

Apr 10, 2025 - For example, between 2020 ‑21 and 2021 ‑22, the formulas reduced the share of excess capital gains that benefit Proposition  2 by $8  billion. Saving All Excess Capital Gains Would Allow the State to Save More Revenue Peaks.
https://lao.ca.gov/Publications/Report/5028

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

Oct 2, 2018 - As a result, the budget includes language that would establish a hold harmless program in the form of a state ‑funded food benefit program for these households. As previously mentioned, the spending plan provides $ 220  m illion one ‑time General Fund (to be used over multiple years) for the necessary programmatic and automation changes to end the SSI cash ‑out and implement the hold harmless policy.
https://lao.ca.gov/Publications/Report/3870/7

The 2016-17 Budget: California Spending Plan

Oct 5, 2016 - The budget package includes a two –year hold harmless provision such that providers receive the higher of the old or new rates. Trailer legislation specifies that after July 1, 2018, all rates be set at the 75th percentile of the 2014 survey.
https://lao.ca.gov/Publications/Report/3487/4

Cal Facts: 2016

Dec 5, 2016 - Departments hold many of these positions vacant in order to pay for other personnel and operating costs. Over the past 30 years, state employment has averaged 8.9  state employees per 1,000 population.
https://lao.ca.gov/Publications/Report/3511/1

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - Holding all else equal, if the economy were to enter a recession, it would be better to do so with flush reserves. The decision of whether to draw upon reserves, therefore, hinges on the Legislature’s assessment of the state’s current fiscal structure and economic outlook.
https://lao.ca.gov/Publications/Report/4762

The 2017-18 Budget: California Spending Plan

Oct 18, 2017 - The 2017-18 Budget: California Spending Plan $42 $310 a Includes a temporary hold harmless provision so that no provider receives less in 2017-18 than it received in 2016-17. b Reflects 0.4  percent decrease in the birth-through-four population.
https://lao.ca.gov/Publications/Report/3694/4

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

Oct 2, 2018 - As Figure   3 shows, the budget includes $5. 8   b illion in Proposition   98 augmentations for K ‑ 12 e ducation across the three ‑year budget period. Of the $5. 8   b illion, $ 4   b illion ( 70   p ercent) is ongoing and $1. 8   b illion ( 30   p ercent) is one time.
https://lao.ca.gov/Publications/Report/3870/3