January 2025 Los Angeles Wildfires Impact on Local Property Tax Revenues [EconTax Blog]

Feb 10, 2025 - State statute allows for a reduction in a property ’s assessed value when the property is damaged due to disasters. Assessed value is the basis of a property owner ’s tax bill and is set based on the original purchase price, meaning it typically is lower than the property ’s current market value.
https://lao.ca.gov/LAOEconTax/Article/Detail/819

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Therefore, representation proportionate to California ’s population is simply one of many statistics that can be considered as part of the state ’s equity objectives. Increases in Diversity May Partially Come From Selection Effects.
https://lao.ca.gov/Publications/Report/5036

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Once SIB opens a CalKIDS account for a particular child, SIB sends a letter to each family ’s address notifying them of the account. SIB ’s staff also perform CalKIDS outreach activities to make stakeholders aware of the program.
https://lao.ca.gov/Publications/Report/5035

Preliminary Assessment of Significant Changes to State's Technology Project Approval and Oversight Processes

Apr 29, 2025 - The New PDL Process for GenAI Projects Consistent with the requirements of the EO, the most recent deliverable completed in February 2025 makes changes to the state ’s technology project procurement and approval processes.
https://lao.ca.gov/Publications/Report/5034

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - These payments would determine each county ’s total SB  678 grant award. Below, we provide additional details about each of the proposed formula ’s payments. Performance Payment. The performance payment compares a county ’s most recent annual county felony supervision failure-to-prison rates with the county ’s average failure-to-prison rates in 2021, 2022 and 2023 —known as the baseline rates.
https://lao.ca.gov/Publications/Report/5031

Rethinking California's Reserve Policy

Apr 10, 2025 - In  Chapter  2, using the tools outlined in Chapter  1, we evaluate the state ’s current reserve policy. Chapter  3 examines possible changes to the state ’s policy, including the Governor ’s proposals and our recommended alternatives.
https://lao.ca.gov/Publications/Report/5028

Improving Legislative Oversight of Emergency Authorities

Apr 10, 2025 - The  Governor ’s proclamation is filed with the Secretary of State and publicly posted on the Governor ’s and Governor ’s Office of Emergency Services ’ (OES) websites. (CESA establishes OES as the state entity responsible for overseeing the state ’s response to emergencies.)
https://lao.ca.gov/Publications/Report/5029

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - However, the accounting firm ’s evaluation of DFPI ’s established programs found an additional $30  million in unfunded balances across established subprograms that are not in the administration ’s proposed bill.
https://lao.ca.gov/Publications/Report/5025

The 2025-26 Budget: Community College Facilities

Mar 18, 2025 - The Proposition  2 projects included in the Governor ’s budget were selected using the Chancellor ’s Office ’s new scoring system. We think parts of the new scoring system are reasonable. First, the scoring system reflects a consistent, transparent way of reviewing districts ’ project proposals.
https://lao.ca.gov/Publications/Report/5017

The 2025-26 Budget: Child Care and State Preschool

Mar 28, 2025 - Governor ’s Budget Provides $49.6   Million for COLA. The Governor ’s 2025 ‑26 budget provides $49.6  million non ‑Proposition  98 General Fund to fund a 2.43  percent statutory COLA. Of this amount, $48.7  million is for CAPP and $904,000 is for CMAP.
https://lao.ca.gov/Publications/Report/5024