The 2021-22 Spending Plan: Human Services

Nov 22, 2021 - Code —to include all individuals living in households with incomes up to the maximum that a state may adopt (which U.S. Code specifies may not exceed 125  percent of the official federal poverty line).
https://lao.ca.gov/Publications/Report/4476/6

October 2021 Jobs Report [EconTax Blog]

Nov 19, 2021 - The figure below shows how employment has evolved in both the state and the nation since the start of the pandemic. Overall employment in the state as of the middle of September  was 5.0 percent below the level of February 2020, considerably worse than the national figure of 2.8 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/716

California New Business Creation: October 2021 [EconTax Blog]

Nov 19, 2021 - California New Business Creation: October 2021 [EconTax Blog] California New Business Creation: October 2021 November 19, 2021 Brian Uhler The extent of new business creation in California can be a useful gauge of the health of the state ’s economy.
https://lao.ca.gov/LAOEconTax/Article/Detail/715

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - All the other large counties in the state have seen growth above 15 percent. Six of the seven counties with the highest growth rates are in the state ’s less expensive inland areas, with San Diego as the exception.  
https://lao.ca.gov/LAOEconTax/Article/Detail/714

The rights of individuals to make “fully free and informed” health decisions. [Ballot]

Nov 18, 2021 - Background State Laws Regarding Rights to Make Health Care Decisions. In general, an individual 's right to make health care decisions is broadly assumed and reflected in many parts of the state legal system, including the State Constitution, statutory law, and case law.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-025

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - State ’s Required Contribution Rate Also Projected to Decrease Significantly. Once the state ’s share of UAO is eliminated, the funding plan dictates that the state ’s supplemental contribution rate would be repealed, at which point the state would contribute only the base rate of 2.017 percent for its share of DB program normal costs.
https://lao.ca.gov/Publications/Report/4475

Update on the Progress of the CalSTRS Funding Plan [Publication Details]

Nov 18, 2021 - This post provides an update on the progress of the California State Teachers’ Retirement System (CalSTRS) funding plan.
https://lao.ca.gov/Publications/Detail/4475

2022-23 Fiscal Outlook Revenue Estimates [EconTax Blog]

Nov 17, 2021 - We end the post with observations on revenues from each of the state ’s three largest taxes. Revenue Is Surging, But Is It Sustainable? Unprecedented Growth in Revenues. Revenue collections have grown rapidly in recent months.
https://lao.ca.gov/LAOEconTax/Article/Detail/712

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - Reflecting these return assumptions could result in substantially lower state costs, particularly for the teachers ’ pension system. The box nearby has more details on possible future developments in the state ’s pension systems.
https://lao.ca.gov/Publications/Report/4472

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - Address Pension Liabilities and Costs. The state has a number of options for allocating funds that would improve the funding status of the pension systems and/or provide cost relief for districts. For example, the state could use one ‑time funds to pay down pension liabilities more quickly, which would also tend to lower district costs over the next several decades.
https://lao.ca.gov/Publications/Report/4473