The 2021-22 Budget: CalAIM: New Directions for Services for Seniors and Persons With Disabilities

Mar 15, 2021 - Currently, nursing home care is a managed care benefit in more than half of counties, but a fee ‑for ‑service benefit in the remaining counties. Longer ‑Term Vision for MLTSS. The administration proposes to transition from CCI to standardized mandatory enrollment of dual eligibles into managed care by January 2023.
https://lao.ca.gov/Publications/Report/4404

The 2023-24 Budget: California's Fiscal Outlook

Nov 16, 2022 - Our estimate of the total Proposition  98 spending on schools and community colleges in 2022 ‑23 is $106.7  billion ($78.6  billion from the General Fund and $28.1  billion from local property taxes).
https://lao.ca.gov/Publications/Report/4646

The 2022-23 Budget: California’s Fiscal Outlook

Nov 17, 2021 - For a number of years, the state has imposed a tax on managed care organizations’ (MCOs’) Medi‑Cal and commercial lines of business. We assume the state’s MCO tax expires midway through 2022‑23, consistent with current law.
https://lao.ca.gov/Publications/Report/4472

Building Permits Update: February 2021 [EconTax Blog]

Apr 7, 2021 - Only 750 units were permitted outside of Los Angeles, Orange, and San Diego counties. This weak showing came on the heels of three strong months, and one month of data is not sufficient to conclude that the market is slowing.
https://lao.ca.gov/LAOEconTax/Article/Detail/641

The 2020-21 May Revision: Revenue Proposals in the 2020-21 May Revision

May 20, 2020 - Conform to Federal Limit on Local Tax Deductions. Taxpayers can deduct the amount of state and local taxes they pay (property taxes plus either sales or income taxes, but not both) from their federal taxable income.
https://lao.ca.gov/Publications/Report/4238

The 2022-23 Budget: California College Guidance Initiative

Feb 22, 2022 - The  state currently funds CCGI as part of the California Department of Education ’s (CDE ’s) budget, with Riverside County Office of Education (COE) and the nonprofit Foundation for California Community Colleges acting as intermediaries.
https://lao.ca.gov/Publications/Report/4553

Net Taxpayer Outmigration Increased During 2017-2019 [EconTax Blog]

Jul 6, 2021 - Our office previously commented on how federal Internal Revenue Service (IRS) data show a persistent, long-term net outmigration of tax filers from California to other states. The IRS recently released data for tax year 2019 showing interstate migration among filers at different age groups and income levels.
https://lao.ca.gov/LAOEconTax/Article/Detail/675

Building Permits Update: January 2021 [EconTax Blog]

Mar 11, 2021 - More than 80 percent of the units permitted in January came from Los Angeles, Orange, San Diego, and San Francisco counties. Despite its recent sharp drop in rents, San Franci sco recorded its biggest month in two years with 525 permits.
https://lao.ca.gov/LAOEconTax/Article/Detail/633

2021-22 “Big Three” Revenue Outlook Update: October 2021 [EconTax Blog]

Oct 22, 2021 - We currently project that there is a good chance that collections from the state ’s “big three ” taxes —personal income, sales, and corporation taxes —will exceed the budget act assumption of $170 billion in 2021-22 by at least several billion dollars.
https://lao.ca.gov/LAOEconTax/Article/Detail/707

The 2021-22 Budget: Interest Payment on Federal Unemployment Insurance Loan

Feb 10, 2021 - UI Program Is Financed With Payroll Taxes Paid by Employers. Employers pay both state and federal UI payroll taxes. State UI tax revenues are deposited into the state ’s UI trust fund to pay benefits to unemployed workers.
https://lao.ca.gov/Publications/Report/4360