U.S. Retail Sales Update: February 2024 [EconTax Blog]

Mar 14, 2024 - Retail Sales Update: February 2024 [EconTax Blog] U.S. Retail Sales Update: February 2024 March 14, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in February 2024 and revised estimates for January 2024.
https://lao.ca.gov/LAOEconTax/article/Detail/802

The 2023-24 Budget: Child Care Proposals

Feb 9, 2023 - As these one ‑time federal funds expire, the administration intends to use General Fund to backfill for these costs, resulting in higher General fund costs in 2024 ‑25. We continue to work with DSS to understand the amount and fund source of backfill dollars included in 2023 ‑24 and how these levels increase in future years as the remaining one ‑time federal funds expire in September 2024.
https://lao.ca.gov/Publications/Report/4672

The 2021-22 Spending Plan: Broadband Infrastructure

Oct 27, 2021 - Consistent with federal administrative guidance and deadlines in the ARP Act, this funding is available for allocation until December 31, 2024 and for encumbrance and liquidation until December 31, 2026. $2  Billion for Last-Mile Projects.
https://lao.ca.gov/Publications/Report/4467

The 2021-22 Budget: State Correctional Population Outlook

Nov 19, 2020 - In total, we project that employee compensation costs will increase by roughly $2. 5  b illion between 2020 ‑21 and 2024 ‑25. Accordingly, the reduction in population ‑related costs will result in CDCR ’s budget growing by only around $ 1  b illion by 2024 ‑25.
https://lao.ca.gov/Publications/Report/4304?utm_source=laowww&utm_medium=email&utm_campaign=4304

The 2021-22 Budget: State Correctional Population Outlook

Nov 19, 2020 - In total, we project that employee compensation costs will increase by roughly $2. 5  b illion between 2020 ‑21 and 2024 ‑25. Accordingly, the reduction in population ‑related costs will result in CDCR ’s budget growing by only around $ 1  b illion by 2024 ‑25.
https://lao.ca.gov/Publications/Report/4304

CCC Proposition 98 Spending Proposals Under Governor's Budget and May Revision [EdBudget]

May 20, 2024 - Proposed COLA increases from 0.76 percent in January to 1.07 percent at the May Revision. c Uses reappropriated Proposition 98 funds (previously appropriated funds for other purposes that were not spent). d The Governor proposes to realign Proposition 98 spending with the revised estimate of the minimum guarantee in 2022‑23 by reclassifying Proposition 98 General Fund payments already made to community colleges (and schools).
https://lao.ca.gov/Education/EdBudget/Details/854

Managed care organization tax. [Ballot]

Oct 27, 2023 - Revenues in excess of the limit, over a two-year period, trigger a requirement for the state t o make taxpayer rebates and additional school payments. Summary of Fiscal Effects. We estimate that the measure would result in the following major fiscal impacts: Uncertain overall impact on state revenues and spending, including reduced legislative flexibility over the use of MCO tax funds.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-024

The 2022-23 California Spending Plan: Human Services

Oct 21, 2022 - The spending plan includes language that will prioritize passing through the full amount of child support payments to current CalWORKs families as a part of the 2024-25 budget subject to certain conditions.
https://lao.ca.gov/Publications/Report/4640/6

The 2022-23 California Spending Plan: Human Services

Oct 21, 2022 - (Budget-related legislation includes CalWORKs grant increases as a legislative priority in 2024-25 subject to a potential “trigger ” if certain revenue conditions are met.) Figure  3 shows how the grant levels included in the spending plan compare to the Legislature ’s intended target for these grants (50  percent of the federal poverty level for a family one person larger than the CalWORKs assistance unit size).
https://lao.ca.gov/Publications/Report/4640/2

The 2023-24 Budget: The California Department of Corrections and Rehabilitation

Feb 16, 2023 - The  ongoing reductions consist of: $132  million and 777 positions associated with the deactivation of CCC. $33  million and 166 positions (increasing to $136  million and 647 positions by 2024 ‑25) associated with the deactivation of CAC. $114  million and 659 positions (increasing to $150  million and 877 positions by 2024 ‑25) from the six yard deactivations.
https://lao.ca.gov/Publications/Report/4686