The 2020-21 Spending Plan: Health Budget and Policy

Oct 15, 2020 - To redirect at least a portion of the immediate savings in Medi-Cal managed care to the state and federal governments, the spending plan adopted budget-related legislation to temporarily change state policy.
https://lao.ca.gov/Publications/Report/4281

The 2023-24 Budget: Child Care Proposals

Feb 9, 2023 - In exploring options, the state will want to work with the federal government to ensure the state remains in compliance with CCDF rules. While Maintaining Some Form of Reimbursement Flexibility for Voucher ‑Based Program Has Merit … The reimbursement flexibility enacted during COVID allowed voucher ‑based providers to receive more predictable child care payments.
https://lao.ca.gov/Publications/Report/4672

Proposition 28 [Ballot]

Nov 8, 2022 - The California Constitution requires the state to set aside a minimum amount of state General Fund and local property tax revenue each year (annually) for public schools and community colleges. (The General Fund is the state ’s main operating account, which pays for education, prisons, health care, and other public services.)
https://lao.ca.gov/BallotAnalysis/Proposition?number=28&year=2022

Income Tax Withholding Tracker: October 5 - October 9 [EconTax Blog]

Oct 9, 2020 - Nonetheless, given the pace and severity of the shift in the state ’s economy resulting from the COVID-19 pandemic, tracking weekly withholding is worthwhile as a way to assess the state ’s evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/561

The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 16, 2022 - Due primarily to our lower General Fund revenues, we estimate the state is below the limit in 2022 ‑23 and 2023 ‑24. …But Would Affect State Budgeting in the Future. Assuming General Fund revenues follow the trajectory in our forecast, the state appropriations limit would begin to affect state budgeting in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4648

December 2020 State Tax Collections [EconTax Blog]

Jan 20, 2021 - December 2020 State Tax Collections [EconTax Blog] 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/LAOEconTax/Article/Detail/612

Income Tax Withholding Tracker: September 28 - October 2 [EconTax Blog]

Oct 2, 2020 - Nonetheless, given the pace and severity of the shift in the state ’s economy resulting from the COVID-19 pandemic, tracking weekly withholding is worthwhile as a way to assess the state ’s evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/556

Proposition 31 [Ballot]

Nov 8, 2022 - Proposition 31 likely would reduce state tobacco tax revenues by an amount ranging from tens of millions of dollars to around $100  million annually. (Last year, state tobacco tax revenue was about $2  billion.)
https://lao.ca.gov/BallotAnalysis/Proposition?number=31&year=2022

Income Tax Withholding Tracker: September 21 - September 25 [EconTax Blog]

Sep 25, 2020 - Nonetheless, given the pace and severity of the shift in the state ’s economy resulting from the COVID-19 pandemic, tracking weekly withholding is worthwhile as a way to assess the state ’s evolving economic situation.
https://lao.ca.gov/LAOEconTax/Article/Detail/554

November 2022 Cap-and-Trade Auction Update [EconTax Blog]

Dec 14, 2022 - Based on the preliminary results, the state will receive an estimated $961 million in revenue from the auction. As shown in Figure 1, this amount is roughly equivalent to the amount the state received from the August 2022 auction ($995 million).
https://lao.ca.gov/LAOEconTax/Article/Detail/763