Tracking Changes in the Proposition 98 Guarantee [EdBudget]

Jul 29, 2024 - Tracking Changes in the Proposition 98 Guarantee [EdBudget]     a The June 2024 budget plan provides nearly $6.2 billion more than the Proposition 98 guarantee in 2022-23. This amount is attributed to 2022-23 for the purpose of calculating the guarantee in future years but accrued to the 2026-27 through 2035-36 fiscal years for state budgeting and accounting purposes.      
https://lao.ca.gov/Education/EdBudget/Details/893

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

Nov 15, 2024 - Retail Sales Update: October 2024 [EconTax Blog] U.S. Retail Sales Update: October 2024 November 15, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in October 2024 and revised estimates for September 2024.
https://lao.ca.gov/LAOEconTax/article/Detail/816

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

Nov 15, 2024 - Retail Sales Update: October 2024 [EconTax Blog] U.S. Retail Sales Update: October 2024 November 15, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in October 2024 and revised estimates for September 2024.
https://lao.ca.gov/LAOEconTax/Article/Detail/816

District Pension Contribution Rates and Amounts [EdBudget]

Feb 6, 2025 - Rates and amounts for 2025-26 and subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Contribution amounts are for CalSTRS' Defined Benefit Program and are LAO estimates based on creditable compensation.
https://lao.ca.gov/Education/EdBudget/Details/931

Update on Student Housing Assistance

May 7, 2024 - CSU indicates it is currently developing a request for proposals for a new four ‑year grant period beginning in 2024 ‑25. At CSU, Rapid Rehousing Funds Support a Specific Model of Housing Assistance.
https://lao.ca.gov/Publications/Report/4898

MOU Fiscal Analysis: Bargaining Unit 18

Aug 12, 2022 - Increased Pay for Top of Salary Ranges in 2023-24 and 2024-25. Effective July 1 in 2023 and again in 2024, Unit 18 members who are at the top step of their salary ranges would receive a 4  percent pay increase.
https://lao.ca.gov/Publications/Report/4617

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Our forecast has revenues ending the current year (2024-25) up almost 20 percent from two years ago, considerably above the average two-year growth rate of 13 percent. Surging income tax collections underlie this growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Our forecast has revenues ending the current year (2024-25) up almost 20 percent from two years ago, considerably above the average two-year growth rate of 13 percent. Surging income tax collections underlie this growth.
https://lao.ca.gov/LAOEconTax/article/Detail/777

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - Under our estimates of revenue and spending in the out ‑years, the state would have a very narrow operating deficit in 2023 ‑24, a  small operating surplus in 2024 ‑25, and a larger operating deficit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4602

Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 14, 2023 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2022. Number of Patients Served. In 2022, licensees identified 47,371 transactions as medicinal donations.
https://lao.ca.gov/Publications/Report/4777