The 2021-22 Budget: University Capital Outlay

Mar 5, 2021 - Provisional budget language stated intent that the projects be financed by state ‑supported university bonds. In September 2019, UC submitted to the state a proposal for the Riverside project, which totaled $ 100  m illion in associated bond authority.
https://lao.ca.gov/Publications/Report/4395

February 2021 Jobs Report [EconTax Blog]

Apr 5, 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  February  was 9.4 percent below the level of February 2020, considerably worse than the national figure of 6.2 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/639

4th Quarter 2020 Venture Capital Funding Report [EconTax Blog]

Feb 18, 2021 - The state has always attracted a disproportionate share of nationwide VC funding, and in fact the state ’s VC funding has exceeded the other 49 states combined in each of the past seven calendar years.
https://lao.ca.gov/LAOEconTax/Article/Detail/625

The 2021-22 Spending Plan: Child Care and Preschool [Publication Details]

Dec 17, 2021 - This post summarizes the state’s 2021-22 spending package for child care and preschool. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget.
https://lao.ca.gov/Publications/Detail/4485

The 2021-22 Budget: Business Tax Incentives

Jan 28, 2021 - Accordingly, we suggest that the Legislature generally avoid enacting or expanding such locally funded state policies. Proposals That Reduce State Revenues. Most commonly, state tax incentives reduce state revenues.
https://lao.ca.gov/Publications/Report/4327

The 2021-22 Budget: Analysis of the Major University Proposals

Feb 1, 2021 - To Date, State Has Taken a Piecemeal Approach to Addressing Basic Needs. Over the past four years, the state has funded multiple basic needs initiatives at the universities. However, the state ’s overarching strategy for addressing students ’ root problems remains unclear.
https://lao.ca.gov/Publications/Report/4336

Comparing Core Funding for UC Under Governor's Budget and May Revision [EdBudget]

May 15, 2021 - Actual enrollment in 2021-22 is uncertain. c Consists of funds from the federal Coronavirus Capital Projects Fund. d Includes a portion of overhead funding on federal and state grants and a portion of patent royalty income. e Reflects full-time equivalent students.
https://lao.ca.gov/Education/EdBudget/Details/501

The 2021-22 Budget: Analysis of Child Welfare Proposals

Feb 11, 2021 - The state and federal funding reductions described above are partially offset by some notable increases in federal and state child welfare spending in 2021 ‑22: State and Federal Increases for Home ‑Based Family Care (HBFC) Rates.
https://lao.ca.gov/Publications/Report/4364

Home Prices Update: January 2021 [EconTax Blog]

Feb 23, 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. January 2021 data show torrid home price growth in both California and the rest of the country over the past year: the typical home in California has appreciated 10.5 percent since January 2020, somewhat above the national figure of 9.1 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/628

The 2021-22 Budget: Creating a New Department of Better Jobs and Higher Wages

Feb 10, 2021 - Currently, these entities all reside within the state ’s Labor and Workforce Development Agency, which integrates policy to align the state ’s workforce programs. Proposal Governor Proposes to Create New Department Using Statutory Process.
https://lao.ca.gov/Publications/Report/4361