Uptick in Unemployment Rate Triggered a Recession Indicator [EconTax Blog]

Oct 3, 2023 - The state ’s unemployment rate has moved upwards since last fall —climbing from 3.8 percent in August 2022 to 4.6 percent in August 2023. Given this increase, the state version of the Sahm Rule triggered first in March 2023 and continues to indicate recession conditions.  
https://lao.ca.gov/LAOEconTax/Article/Detail/786

The Definition of Qualified Capital Outlay for the State Appropriations Limit [Publication Details]

Feb 18, 2022 - The Definition of Qualified Capital Outlay for the State Appropriations Limit [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4547

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - The Definition of Qualified Capital Outlay for the State Appropriations Limit The Definition of Qualified Capital Outlay for the State Appropriations Limit Summary The state appropriations limit (SAL) restricts how the state can use revenues that exceed a specified threshold.
https://lao.ca.gov/Publications/Report/4547

2021-22 “Big Three” Revenue Outlook Update: February 2022 [EconTax Blog]

Feb 17, 2022 - We also caution that the impl ications of unanticipated revenues for the state 's budget are not straightforward.  As we discuss here , we expect the Legislature very likely will face additional, significant constraints this year due to the requirements of the State Appropriations Limit.  
https://lao.ca.gov/LAOEconTax/Article/Detail/725

State Converts CCC Student Housing Grants to Revenue Bonds [EdBudget]

Sep 13, 2023 - State Converts CCC Student Housing Grants to Revenue Bonds [EdBudget] $61.5 a Reflects state cost. Some projects supplement state funds with campus reserves or nonstate funds. b The 2023-24 budget package rescinds upfront one-time General Fund cash for CCC student housing projects.
https://lao.ca.gov/Education/EdBudget/Details/797

2023-24 Changes in Proposition 98 Spending [EdBudget]

Nov 7, 2023 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/778

Research and development involving certain psychedelic substances (Amendment #1). [Ballot]

Sep 7, 2023 - During this initial five-year period, the state General Fund would not incur associated costs. The state ’s annual General Fund payments would commence in 2030. State Could Receive Some Revenue From New Discoveries.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

Enacted Budget Shifts $3.2 Billion in Higher Education Capital Projects From Cash to Debt Financing [EdBudget]

Sep 13, 2023 - Enacted Budget Shifts $3.2 Billion in Higher Education Capital Projects From Cash to Debt Financing [EdBudget] $3,184.9 $240.5 a Reflects state cost of project (excluding nonstate costs). To generate near-term budget solution, the state rescinds upfront one-time General Fund for these projects (that is, it rescinds the amounts shown in this column). b The universities are to issue systemwide revenue bonds.
https://lao.ca.gov/Education/EdBudget/Details/789

Local land use planning and zoning. [Ballot]

Sep 1, 2023 - State statutes enacted before January 1, 2016 could continue to prevail with a general declaration of statewide concern. Limits State ’s Discretion When Appropriating State Funds. The measure amends the California Constitution to specify that the state could not modify how it appropriates state funding as a result of this measure.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-011

State Converts UC Student Housing Grants to Revenue Bonds [EdBudget]

Sep 13, 2023 - State Converts UC Student Housing Grants to Revenue Bonds [EdBudget] $50.7 a Reflects state cost. Some projects supplement state funds with campus reserves or nonstate funds. b The 2023-24 budget package rescinds upfront one-time General Fund cash for all approved student housing projects.
https://lao.ca.gov/Education/EdBudget/Details/796