June 2021 Jobs Report [EconTax Blog]

Jul 16, 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 June  was 7.0 percent below the level of February 2020, considerably worse than the national figure of 4.4 percent.
https://lao.ca.gov/LAOEconTax/Article/Detail/678

Overview of Special Education Funding Models [Publication Details]

Dec 17, 2021 - Overview of Special Education Funding Models [Publication Details] Description: This brief provides background on the state’s current funding allocation formula for special education, describes funding formulas used in other states, establishes a framework for evaluating these formulas, and offers some issues for the Legislature to consider.
https://lao.ca.gov/Publications/Detail/4486

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The ARP included $350  billion in funding to state and local governments for fiscal recovery in the Coronavirus State Fiscal Recovery Fund. Of this total, California ’s state government will receive about $27  billion.
https://lao.ca.gov/Publications/Report/4432

Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential

May 27, 2021 - While the state ’s overall bond rating is a distillation of numerous individual factors —many of them exogenous —budget management is a category over which state officials have direct control. Proposition  2 (2014) enshrined in the State Constitution the Department of Finance ’s (DOF ’s) requirement to semiannually prepare a multiple-year General Fund forecast.
https://lao.ca.gov/Publications/Report/4443

May 2021 Jobs Report [EconTax Blog]

Jun 18, 2021 - California leisure/hospitality employment continued to rebound from the sharp drops in December and January, although it rem ains far more depressed than its national counterpart as the state was generally slower to lift pandemic-related restrictions than other states were.
https://lao.ca.gov/LAOEconTax/Article/Detail/667

Building Permits Update: March 2021 [EconTax Blog]

May 11, 2021 - Single family activity has rebounded strongly since last spring ’s pandemic-driven slump, as prices have risen sharply in most of the state ’s metropolitan areas. This was the ninth straight month in which the total exceeded the recent average for the month.
https://lao.ca.gov/LAOEconTax/Article/Detail/652

Enrollment by Higher Education Segment [EdBudget]

Jan 13, 2022 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Education/EdBudget/Details/567

A Framework for Allocating Federal Recovery Funds

May 4, 2021 - Furthermore, robust revenue trends in recent months point to a potentially sizeable state budget surplus —independent of the federal funds. As we highlighted in our recent report , the state’s present fiscal trajectory puts it on a course to exceed the constitutional state appropriations limit (SAL).
https://lao.ca.gov/Publications/Report/4422

Building Permits Update: August 2021 [EconTax Blog]

Oct 6, 2021 - Single family activity has rebounded since last spring ’s pandemic-driven slump, as prices have risen sharply in most of the state. The Inland Empire, Sacramento, and Los Angeles metro areas had the most permits in that order and collectively accounted for nearly half the state total, which is the typical pattern.
https://lao.ca.gov/LAOEconTax/Article/Detail/703

California Community Colleges Capital Outlay Projects Under Governor's Budget and May Revision [EdBudget]

May 24, 2021 - The revised project is due to a mandate by the Division of the State Architect to implement additional seismic upgrades to the building. State costs for all years are $4.9 million higher than the amount approved in 2020-21 and total costs are $9.8 million higher.
https://lao.ca.gov/Education/EdBudget/Details/498