The 2024-25 Budget: The MCO Tax Package at May Revision

May 22, 2024 - Historically, the state has used the MCO tax to help pay for existing services in Medi-Cal. Using the tax in this way allowed the state to spend less money from the General Fund on Medi-Cal. When the Legislature notably increased the tax in 2023, however, it designated some of the associated revenue to increase funding for Medi-Cal and other health programs.
https://lao.ca.gov/Publications/Report/4905

Proposition 98 Funding Changes by Segment and Source [EdBudget]

May 17, 2024 - Proposition 98 Funding Changes by Segment and Source [EdBudget]     a Includes the portion of State Preschool funded through Proposition 98 and direct instructional services provided by state agencies. b Reflects the size of the deposit (+) or withdrawal (-) from the Proposition 98 Reserve established by Proposition 2 (2014).
https://lao.ca.gov/Education/EdBudget/Details/847

Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog]

Apr 10, 2020 - Nonetheless, given the pace and possible severity of the shift in the state ’s economy resulting from the COVID-19 outbreak, tracking weekly withholding is worthwhile as a way to assess the state ’s rapidly changing economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/450

Income Tax Withholding Tracker: 3/30 to 4/3 [EconTax Blog]

Apr 3, 2020 - Nonetheless, given the pace and possible severity of the shift in the state ’s economy resulting from the COVID-19 outbreak, tracking weekly withholding is worthwhile as a way to assess the state ’s rapidly changing economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/448

Income Tax Withholding Tracker: 3/23 to 3/27 [EconTax Blog]

Mar 27, 2020 - Nonetheless, given the pace and possible severity of the shift in the state ’s economy resulting from the COVID-19 outbreak, tracking weekly withholding is worthwhile as a way to assess the state ’s rapidly changing economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/446

Income Tax Withholding Tracker: 3/16 to 3/20 [EconTax Blog]

Mar 20, 2020 - Nonetheless, given the pace and possible severity of the shift in the state ’s economy resulting from the COVID-19 outbreak, tracking weekly withholding is worthwhile as a way to assess the state ’s rapidly changing economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/443

The 2022-23 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program [Publication Details]

Feb 2, 2022 - The 2022-23 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program [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/4514

The 2022-23 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Feb 2, 2022 - The state has full discretion over whether and how to provide increases to the SSP portion of the grant. Until 2011, the state had a statutory annual COLA. (Despite the state statutory COLA, there were many years prior to 2011 when the COLA was not provided due to budget constraints.)
https://lao.ca.gov/Publications/Report/4514

May Revision Proposes to Increase CLSF Funding in 2024-25, Just to Reduce by a Similar Amount in 2025-26 [EdBudget]

May 17, 2024 - For 2025-26, we assume the amount of lease revenue debt service remains the same as in 2024-25. b The May Revision proposes a 7.95 percent reduction to state operations for most state departments in 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/863

Income Tax Withholding Tracker: June 1-June 25 [EconTax Blog]

Jun 25, 2021 - The final graph compares the state ’s year over year percent change in cumulative withholding in 2020-21 to the nation ’s withholding from the federal income tax, and shows that state collections have maintained a faster pace for months.
https://lao.ca.gov/LAOEconTax/Article/Detail/670