2021-22 “Big Three” Revenue Outlook Update: February 2022 [EconTax Blog]

Feb 17, 2022 - As we discuss here , we expect the Legislature very likely will face additional, significant constraints this year due to the requirements of the State Appropriations Limit.  
https://lao.ca.gov/LAOEconTax/Article/Detail/725

California New Business Creation: October 2021 [EconTax Blog]

Nov 19, 2021 - The standard pattern within a year is for a surge of new business formation at the beginning, then gradual declines as the year goes on. So far 2021 has seen a similar pattern to 2019, although with significantly more firms than usual being created in each week of the year.
https://lao.ca.gov/LAOEconTax/Article/Detail/715

Proposition 24 [Ballot]

Nov 3, 2020 - After paying for state trial court and DOJ costs each year, the proposition requires 91  percent of the remaining funds be invested by the state with any interest or earnings sent to the state General Fund.
https://lao.ca.gov/BallotAnalysis/Proposition?number=24&year=2020

The 2020-21 Budget: Department of General Services

Feb 12, 2020 - Department Overview The DGS provides a variety of services to state departments, such as procurement, management of state ‑owned and leased real estate, management of the state ’s vehicle fleet, printing, administrative hearings, legal and fiscal services, development of building standards, and oversight over school construction.
https://lao.ca.gov/Publications/Report/4157

The 2020-21 Budget: Governor’s Fiscal Oversight Proposals [Publication Details]

Mar 19, 2020 - In this post, we provide background on fiscal oversight of school districts in California, describe the Governor’s proposals to augment oversight and reporting requirements related to school district budgets, assess those proposals, and provide associated recommendations.
https://lao.ca.gov/Publications/Detail/4204

The 2022-23 Budget: Overview of the Governor's Higher Education Budget Proposals

Jan 26, 2022 - Unlike UC, the Proposed Budget ‑Year Base Increase for CSU Falls Short of Projected Operating Costs. We also compare the Governor ’s proposed base increases for the universities to their operating cost increases.
https://lao.ca.gov/Publications/Report/4499

The 2022-23 Budget: Health Care Access and Affordability

Feb 23, 2022 - In  the decade since, Massachusetts stayed within its state health care cost growth targets for the first several years of implementation. However, it has exceeded its growth targets in two consecutive years since  then.
https://lao.ca.gov/Publications/Report/4560

How Long Do Firms Take from Founding to IPO? [EconTax Blog]

Aug 18, 2021 - Here ‘0 ’ means 0-1 years, ‘1 ’ means 1-2 years, etc. The 478 companies that went public from 2010 to 2016 show a very wide age distribution, as every one-year age bracket up to 13 years had at least 18 IPOs.
https://lao.ca.gov/LAOEconTax/Article/Detail/685

The 2022-23 Budget: College and Career Proposals [Publication Details]

Feb 23, 2022 - In his January budget, the Governor proposes $2 billion in one-time funding across three programs to increase college and career readiness among high school students. In this post, we provide background on the state’s programs, describe and assess the Governor’s proposals, and provide our recommendations to the Legislature.
https://lao.ca.gov/Publications/Detail/4562

Home Price Update: October 2021 [EconTax Blog]

Nov 18, 2021 - In the longer term, chronically high housing costs have hurt the state ’s business climate and been a key reason California loses residents to other states on net in most years. October 2021 data continue to show unusually high home price growth in both California and the rest of the country over the past year: the typical home in California has appreciated 21.0 percent since October 2020, somewhat above the national figure of 19.2 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/714