Expanding Access to Safe and Affordable Drinking Water in California—A Status Update [Publication Details]

Nov 10, 2020 - One year later, SWRCB has made good progress in establishing spending priorities, beginning to allocate funds and execute projects, and collecting essential data to identify the communities that should be targeted for improvements.
https://lao.ca.gov/Publications/Detail/4294

The 2021-22 Budget: Improving Legislative Oversight of Emergency Spending Authorities

Mar 2, 2021 - Specifically, the administration would have access to nearly unlimited funding in the budget year while having minimal requirements to notify the Legislature when funds are accessed and no requirement to report on how funds are actually spent on the state ’s COVID ‑ 19 r esponse.
https://lao.ca.gov/Publications/Report/4393

An Analysis of University Cash Management Issues [Publication Details]

Nov 10, 2020 - Given these developments, monitoring the universities’ fiscal condition over the coming years will be especially important for the Legislature. Reports by Policy Area
https://lao.ca.gov/Publications/Detail/4293

The 2020-21 Budget: Reinventing the Department of Business Oversight

Feb 26, 2020 - Given Uncertainty, Inadequate Rationale for Funding Out ‑Year Increases. The Governor proposes to ramp ‑up staffing over a few years. For example, in 2020 ‑21, the Governor proposes 44 p ositions, growing to 72 i n 2021 ‑22 and 90 i n 2022 ‑23.
https://lao.ca.gov/Publications/Report/4181

U.S. Retail Sales: March 2020 [EconTax Blog]

Apr 15, 2020 - In recent years, bars and restaurants have accounted for roughly 12 percent of taxable sales in California, so big drops in restaurant sales can lead to substantial declines in state and local sales tax revenue.
https://lao.ca.gov/LAOEconTax/Article/Detail/451

An Analysis of University Reserves [Publication Details]

Nov 10, 2020 - Importantly, though the state viewed the universities’ reserves as a budget tool for mitigating funding reductions this year, state law is silent on the level of reserves CSU and UC are to carry, the purposes of those reserves, and the interaction of those reserves with the state’s reserves.
https://lao.ca.gov/Publications/Detail/4295

Changes to Districts' Contribution Rates [EdBudget]

Aug 24, 2020 - Final rates for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. CalSTRS = California State Teachers' Retirement System. CalPERS = California Public Employees' Retirement System.
https://lao.ca.gov/Education/EdBudget/Details/437

The 2020-21 Budget: Fresno Integrated K-16 Education Collaborative [Publication Details]

Mar 11, 2020 - In this post, we analyze the Governor’s proposal to provide $17 million one-time General Fund to establish the Fresno Integrated K-16 Education Collaborative. The primary objective of the proposal is to create more education pathways in the greater Fresno region that help students transition from high school into college and the workforce.
https://lao.ca.gov/Publications/Detail/4199

The 2020-21 Budget: Governor’s Information Security Proposals

Feb 25, 2020 - The administration expects to update the metrics on a four-year cycle to both allow year-over-year comparisons and to accommodate changes in the nature of attacks and/or threats as well as technology.
https://lao.ca.gov/Publications/Report/4176

State Tax Collections Update: April 2020 to July 2020 [EconTax Blog]

Aug 20, 2020 - Timing of Tax Payments Irregular This Year. Delays in several important tax payment deadlines this year mean the timing of tax payments in recent months has not matched typical patterns. This complicates the interpretation of tax collections numbers, especially for any single month.
https://lao.ca.gov/LAOEconTax/Article/Detail/525