The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - The 2023-24 Budget: Overview of the Spending Plan (Final Version) Overview of the Spending Plan (Final Version) Appendix 4: Large One-Time and Temporary Augmentations Transportation Appendix 4, Figure 1 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Business and Labor General Fund (In millions) Begin new information technology overhaul
https://lao.ca.gov/Publications/Report/4788/4

The 2023-24 California Spending Plan: Resources and Environmental Protection

Oct 16, 2023 - The 2023‑24 budget package provides a total of $19.2 billion from various fund sources—the General Fund, bond funds, a number of special funds, and federal funds—for programs administered by the California Natural Resources Agency (CNRA) and Environmental Protection Agency. This is a net decrease of $15.5 billion (45 percent) compared to 2022‑23 estimated levels.
https://lao.ca.gov/Publications/Report/4807

The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Health Reauthorizes MCO Tax and Makes Related Program Augmentations. The budget package includes trailer bill legislation (Chapter  13 of 2023 [A B  119 , Committee on Budget]) to renew a tax on health insurance plans known as the MCO tax.
https://lao.ca.gov/Publications/Report/4788

Did California Enter a Recession Last Fall? [EconTax Blog]

Oct 3, 2023 - First,  it offers an explanation for the recent slowdown in state tax collections. Despite some  improvements in the last few months, tax collections  have  been and are  anticipated to continue to be  weak by historical standards.
https://lao.ca.gov/LAOEconTax/Article/Detail/785

Restrictions on certain oil drilling permits (Amendment #1). [Ballot]

Sep 21, 2023 - This decline would primarily stem from reduced corporate and royalty-related income tax revenues, along with somewhat lesser impacts from decreased sales and use tax revenues. Decreased Local Revenues.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-014

U.S. Retail Sales Update: August 2023 [EconTax Blog]

Sep 14, 2023 - U.S. retail sales have grown 1.2 percent over the last 3 months and 2.5 percent over the last 12 months. Retail sales growth has outpaced inflation over the last 3 months, but not over the last 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/782

Research and development involving certain psychedelic substances (Amendment #1). [Ballot]

Sep 7, 2023 - The state collects tax revenue to fund many of its government services and facilities. It deposits most tax revenue into its General Fund, which it in turn uses to pay for education, prisons, health care, and other public services (including some research).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

MOU Fiscal Analysis: Bargaining Units 1, 3, 4, 11, 14, 15, 17, 20, and 21 (SEIU Local 1000)

Sep 7, 2023 - Figure 2 Most Local 1000 Occupation Groups Compensated Above Market (Total Compensation) Bargaining Unit Legal Secretaries and Administrative Assistants ‑19.5 Court, Municipal, and License Clerks ‑8.2 Bookkeeping, Accounting, and Auditing Clerks ‑12.9 Civil Engineering Technologists and Technicians ‑17.6 Compensation, Benefits, and Job Analysis Specialists ‑3.1 Librarians and Media Collections
https://lao.ca.gov/Publications/Report/4799

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - Through Savings Plus, employees can open a 401(k) and/or a 457(b) account and can choose to make contributions on a pre-tax or post-tax basis to these accounts. Employees can then choose from a variety of investment options, including indexed and m anaged funds and target-date funds.
https://lao.ca.gov/Publications/Report/4800

Local land use planning and zoning. [Ballot]

Sep 1, 2023 - For example, housing developments that are privately owned, r eceive no property tax exemption, and do not have more than 49  percent of housing units occupied by low-income residents, as defined, are exempt from Article 34.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-011