The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank

Oct 5, 2020 - The budget package includes $25  million for IBank to increase the amount of capital available to CDFIs. This money will enable these lenders to make additional loans to small businesses affected by the COVID-19 recession in underbanked communities.
https://lao.ca.gov/Publications/Report/4271

The 2020-21 Spending Plan: Housing and Homelessness

Oct 8, 2020 - This action authorizes an additional year of the tax credit that was originally provided in 2019 ‑20 for 2020 ‑21. This additional tax expenditure brings total credits to $1  billion across the past two years.
https://lao.ca.gov/Publications/Report/4278

The 2023-24 Budget: California Spending Plan Series [Publication Details]

Oct 2, 2023 - Each year, our office publishes California Spending Plan, a series of publications that summarize the annual state budget. The final version of Overview of the California Spending Plan is presented here along with short online posts that focus on major areas and features of the 2023-24 budget package. As these posts become available, we will add them below.
https://lao.ca.gov/Publications/Detail/4835

Broad-Based Cash Assistance in COVID-19 Recovery Actions

Apr 3, 2020 - Expected to Provide Roughly $25  Billion to Californians. Using tax data from 2017 (the latest available, although not perfectly representative of 2018 and 2019 returns), we roughly estimate about 14  million California households (or about 85  percent of all tax filers) will be eligible to receive a total of about $25 ‑30  billion in direct cash assistance from the CARES Act.
https://lao.ca.gov/Publications/Report/4214

The 2020-21 Budget: Department of General Services

Feb 12, 2020 - Department Overview The DGS provides a variety of services to state departments, such as procurement, management of state ‑owned and leased real estate, management of the state ’s vehicle fleet, printing, administrative hearings, legal and fiscal services, development of building standards, and oversight over school construction.
https://lao.ca.gov/Publications/Report/4157

Nonreporting Entities' Information Security Compliance

Mar 30, 2023 - IS Compliance Nearly All Nonreporting Entities Underwent an ISA in the Past Several Years. According to our documentation review, and verified by entities ’ responses to our interview questions, we found that nearly all nonreporting entities underwent an ISA in the past two to three years.
https://lao.ca.gov/Publications/Report/4756

The 2023-24 Budget: Department of Alcoholic Beverage Control [Publication Details]

Feb 24, 2023 - In this post, we assess and make recommendations on the Governor’s budget proposal to (1) provide additional resources to the Department of Alcoholic Beverage Control (ABC) to support its licensing, enforcement, education, and grant programs and (2) transfer to the ABC Fund $48.5 million General Fund over three years that was previously appropriated to the department for a fee waiver program.
https://lao.ca.gov/Publications/Detail/4705

COVID-19 Disaster Declarations and Funding Implications

Mar 24, 2020 - Most notably, the state must agree to provide a 25  percent funding match. (The federal government covers the remaining 75  percent of eligible costs.) In addition to making California and other states eligible for additional funding, the President ’s emergency declaration also has some other key implications.
https://lao.ca.gov/Publications/Report/4210

The 2022-23 Budget: California Department of Technology

Feb 22, 2022 - However, we understand from CDT that it cannot accurately forecast either its revenues from or expenditures on services over a three ‑year period because demand can change significantly year over year.
https://lao.ca.gov/Publications/Report/4552

The 2022-23 Budget: Secretary of State Request to Waive Business Filing Fees

Feb 7, 2022 - That being said, lowering fees creates risk that the special fund might not have sufficient resources in a particular year. This is demonstrated by the volatility in revenues to the fund. For example, between 2011 ‑12 and 2020 ‑21, year ‑over ‑year growth in revenues ranged from a 40  percent increase in revenues between 2013 ‑14 and 2014 ‑15
https://lao.ca.gov/Publications/Report/4516