Unemployment Claims Update: January 2019 [EconTax Blog]

Feb 22, 2019 - As the figure below shows, unemployment claims have been near historic lows over year. January 2019 claims continued to be low by historic standards. In January, California had 178,000 unemployment claims.
https://lao.ca.gov/LAOEconTax/Article/Detail/349

Child Care and Preschool Subsidized Slots [EdBudget]

Jan 15, 2019 - For Transitional Kindergarten, reflects preliminary estimates, as enrollment data are not yet publicly available for any year of the period. Table does not include slots funded through emergency bridge program for foster children. a Does not include certain community college child care slots (1,300 to 1,800 slots annually). b State Preschool wraparound slots for non-LEAs (funded by General Child Care) are shown in State Preschool—full day.
https://lao.ca.gov/Education/EdBudget/Details/218

The 2020-21 May Revision: Analysis of 2020-21 May Revision IHSS Budget

Jun 9, 2020 - The difference between the May Revision and January IHSS General Fund costs estimates is primarily driven by a temporary increase to federal funding offsetting General Fund costs in both the current and budget year.
https://lao.ca.gov/Publications/Report/4253

Cannabis Tax Revenue Update [EconTax Blog]

May 23, 2019 - Fiscal Year to Date: $218 Million. The administration ’s combined estimates for the first three quarters of 2018-19 are $171 million of retail excise tax revenue and $47 million of cultivation tax revenue.
https://lao.ca.gov/LAOEconTax/Article/Detail/376

State Corrections: Response to COVID-19

May 8, 2020 - U nder this guidance, inmates with influenza-like symptoms are to be tested to determine if they have influenza or COVID-19 —with priority given to symptomatic inmates who are 60 years old or older, have chronic medical conditions, or are immunocompromised.
https://lao.ca.gov/Publications/Report/4229

Psilocybin [Ballot]

Dec 26, 2019 - The measure generally requires the destruction —within two years —of criminal records of individuals arrested for or convicted of psilocybin-related offenses. This would apply both to past records of psilocybin-related offenses since 1970 and future records related to activities that would remain illegal under the measure, such as juvenile psilocybin offenses.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-027

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - If investors hold on to the investment for multiple years, their tax liability on their deferred capital gains can be reduced. In addition, investors that maintain their investment for at least ten years will not be taxed on any capital gains earned on their Opportunity Zone investment.
https://lao.ca.gov/Publications/Report/4038

The 2019-20 Budget: Considerations for Governor's Proposals to Address Homelessness

Feb 21, 2019 - Supportive housing also typically takes years to site and build. Balancing out the higher costs and long implementation time is the fact that recipients of these programs are less likely to fall back into homelessness.
https://lao.ca.gov/Publications/Report/3942

The 2019-20 Budget: California Spending Plan—Housing and Homelessness

Oct 17, 2019 - Entities have two years to expend the funds. Funding for Mixed-Income Housing.   The budget allocates $500  million to the California Housing Finance Agency ’s Mixed-Income Loan Program, which provides loans to builders of housing targeted at low- and middle-income households.
https://lao.ca.gov/Publications/Report/4102

The 2020-21 Budget: Staffing to Address New Independent Contractor Test

Feb 11, 2020 - However, without a public proposal that includes this information, it is not possible for the Legislature and the public to assess the administration ’s proposal or to evaluate, in future years, how implementation has progressed.
https://lao.ca.gov/Publications/Report/4151