The 2023-24 Budget: Proposed Energy Policy Changes

Mar 10, 2023 - Senate Bill  846 also included legislative intent to provide a total of $1  billion General Fund from 2023 ‑24 through 2025 ‑26 —$100  million in 2023 ‑24, $400  million in 2024 ‑25, and $500  million in 2025 ‑ 26 —to support the CERIP, which CEC recently developed.
https://lao.ca.gov/Publications/Report/4735

California Housing Affordability Tracker (1st Quarter 2025) [EconTax Blog]

Jan 24, 2024 - Monthly payments for a newly purchased mid-tier home —including mortgage, taxes, and homeowners ’ insurance —fell between April and September 2024 before recovering to a similar level in March 2025. Payments for a mid-tier home were nearly $5,900 a month in March2024 —a 82  percent increase since January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/793

California Housing Affordability Tracker (1st Quarter 2025) [EconTax Blog]

Jan 24, 2024 - Monthly payments for a newly purchased mid-tier home —including mortgage, taxes, and homeowners ’ insurance —fell between April and September 2024 before recovering to a similar level in March 2025. Payments for a mid-tier home were nearly $5,900 a month in March2024 —a 82  percent increase since January 2020.
https://lao.ca.gov/LAOEconTax/article/Detail/793

The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - The 2021-22 Budget: Multiyear Budget Outlook The 2021-22 Budget Multiyear Budget Outlook This report presents our office ’s independent assessment of the condition of the state General Fund budget through 2024 ‑25 assuming the economy continues to grow.
https://lao.ca.gov/Publications/Report/4437

Overview of Diversity Efforts in the Film Tax Credit Program

May 1, 2025 - Overview of Diversity Efforts in the Film Tax Credit Program Introduction In recent years, the Legislature has modified the state ’s film tax credit in an effort to increase the diversity of the motion picture workforce.
https://lao.ca.gov/Publications/Report/5036

Rethinking California's Reserve Policy [Publication Details]

Apr 10, 2025 - Over the last few years, the state has indeed experienced significant fluctuations—large surpluses followed by significant deficits. This volatility has prompted interest in changes to the state’s reserve policy.
https://lao.ca.gov/Publications/Detail/5028

Funding for various brownfield-related activities. [Ballot]

Nov 29, 2021 - We assume that (1) the interest rate for bonds would average 4 percent, (2) they would be sold over the next 5 years, and (3) all bonds would be issued for a 25-year term. Based on these assumptions, the cost to repay the bonds would average about $140 million annually over the next 30 years, totaling $4.3 billion to pay off both principal ($2.7 billion) and interest ($1.6 billion).
https://lao.ca.gov/BallotAnalysis/Initiative/2021-034

Mental Health Services Act: Proposed Bond to Fund Behavioral Health Facilities and Veterans Housing

Aug 17, 2023 - The 2023 ‑24 budget delayed the sixth and final round totaling $481  million to 2024 ‑25 ($240  million) and 2025 ‑26 ($240  million). Shortage of Adult Psychiatric and Community Residential Beds Recent Study Estimated Shortage in California.
https://lao.ca.gov/Publications/Report/4790

Property taxes. [Ballot]

Aug 4, 2023 - This reduces property tax revenue going to schools and o ther local governments. Over the first few years, schools and other local governments would lose several hundred million dollars each year. Over time, these revenue losses would gr ow to between $1.5  billion and $2  billion annually.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-005

Mental Health Services Act: Revenue Volatility and the Governor’s Proposal to Reduce Allowable County Reserves

Jul 13, 2023 - This means that the caps are equal to 25  percent of total county MHSA revenues (the product of 33  percent and 76  percent). Second, the caps are based on an average of the previous five years of CSS funding.
https://lao.ca.gov/Publications/Report/4780