The 2023-24 Budget: Total Compensation Studies

May 24, 2023 - The resulting survey compares the maximum salaries for three state engineering classifications with comparable classifications employed at 18 public agencies (Alameda County, Contra Costa County, Fresno County, Los Angeles County, Orange County, Riverside County, Sacramento
https://lao.ca.gov/Publications/Report/4773

Cannabis Tax Revenue Update: May 2023 [EconTax Blog]

May 23, 2023 - To avoid charging the same tax twice, the state allows retailers to claim credits for such pre-2023 tax payments. The $104 million net revenue number results from a gross tax liability of $129 million, combined with $25 million of credits for taxes already paid.
https://lao.ca.gov/LAOEconTax/Article/Detail/776

The 2023-24 Budget: Multiyear Budget Outlook

May 23, 2023 - When combined with slightly smaller increases in the local property tax portion of Proposition  98, overall growth in school and community college funding would average around 4.6  percent annually. Operating Deficits Average $18   Billion Annually Under LAO Estimates.
https://lao.ca.gov/Publications/Report/4772

U.S. Retail Sales Update: April 2023 [EconTax Blog]

May 16, 2023 - U.S. retail sales have dropped 0.9 percent over the last 3 months and grown 1.6 percent over the last 12 months.
https://lao.ca.gov/LAOEconTax/Article/Detail/775

High-quality public education (Version 2). [Ballot]

May 16, 2023 - The public school system consists primarily of school districts and charter schools, as well as a small number of schools operated by county offices of education and a few schools operated directly by the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-002

High-quality public education (Version 3). [Ballot]

May 16, 2023 - The public school system consists primarily of school districts and charter schools, as well as a small number of schools operated by county offices of education and a few schools operated directly by the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-003

High-quality public education (Version 1). [Ballot]

May 16, 2023 - The public school system consists primarily of school districts and charter schools, as well as a small number of schools operated by county offices of education and a few schools operated directly by the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-001

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - The main proposal in this area is a renewal and increase in a tax on health insurance plans known as the managed care organization (MCO) tax. Under the proposal, the tax would last from April 2023 through December 2026 and be used to maintain and augment support for Medi ‑Cal, the state ’s Medicaid program.
https://lao.ca.gov/Publications/Report/4769

Higher Education General Fund Support Under Governor's Budget and May Revision [EdBudget]

May 14, 2023 - Higher Education General Fund Support Under Governor's Budget and May Revision [EdBudget]     a Reflects Proposition 98 funding, which consists of certain General Fund and local property tax revenues. b Includes funding for pensions and retiree health benefits. c The annual growth rate of Proposition 98 spending drops from 2.5 percent at Governor's budget to 0.4 percent at May
https://lao.ca.gov/Education/EdBudget/Details/721

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - The bulk of this decline is attributable to the personal income tax. For 2023-24, our forecast anticipates big three revenues will remain flat, with weakness shifting from the personal income tax to sales and corporation taxes.
https://lao.ca.gov/LAOEconTax/Article/Detail/774