Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - The most likely explanation for why income tax collections have advanced despite economic headwinds can be found in one of the few economic bright spots for the state: stock market performance over the past six months.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - The most likely explanation for why income tax collections have advanced despite economic headwinds can be found in one of the few economic bright spots for the state: stock market performance over the past six months.
https://lao.ca.gov/LAOEconTax/article/Detail/777

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - The state ’s economic policies should reflect the fact that many workers hold relatively low-wage jobs through middle age and beyond.
https://lao.ca.gov/Publications/Report/4878/2

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - A primary argument for continuing California Competes grants for a fourth year is the need for state incentives to encourage CHIPS Act projects to locate in California. The CHIPS Act requires projects to demonstrate they have been offered incentives from state or local governments.
https://lao.ca.gov/Publications/Report/4846

The 2024-25 Budget: California Department of Corrections and Rehabilitation

Feb 22, 2024 - As the prison population declines, the state is able to spend less on certain things —such as food and clothing —that are directly tied to the number of people that need to be housed in state prisons.
https://lao.ca.gov/Publications/Report/4852

The 2024-25 Budget: In-Home Supportive Services

Feb 29, 2024 - Additionally, counties may establish IHSS hourly wages above the state minimum wage through local wage ordinances or, more commonly, collectively bargained agreements. The state, federal government, an d counties share in the cost of   IHSS wages .
https://lao.ca.gov/Publications/Report/4868

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

May 13, 2023 - This risk continues to weigh on our outlook for state revenues and the economy over the next couple of years. Regardless of Broader Economic Picture, State Revenues Are Clearly in a Downturn. Regardless of the mixed economic picture, it is now fairly clear that state revenues are in a downturn.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

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

May 13, 2023 - This risk continues to weigh on our outlook for state revenues and the economy over the next couple of years. Regardless of Broader Economic Picture, State Revenues Are Clearly in a Downturn. Regardless of the mixed economic picture, it is now fairly clear that state revenues are in a downturn.
https://lao.ca.gov/LAOEconTax/article/Detail/774

The 2024-25 Budget: Proposition 98 and K-12 Education

Feb 15, 2024 - Prior to 2022 ‑23, the state contributed roughly 25 cents per free and reduced meal served (the state did not reimburse paid meals). In 2022 ‑23, the state provided a discretionary rate increase of 63  cents per meal —a 238 percent increase to the state rate for a free meal.
https://lao.ca.gov/Publications/Report/4839

California State Library Budget [EdBudget]

Mar 5, 2024 - California State Library Budget [EdBudget] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only. The LAO is unable to guarantee the accuracy of this translation and is therefore not liable for any inaccurate information resulting from the translation application tool.
https://lao.ca.gov/Education/EdBudget/Details/832