Initiative process. [Ballot]

Nov 17, 2021 - Beginning in 2024-25, the measure would require that the appropriation level be adjusted annually to reflect any increase or decrease in the California Consumer Price Index. The measure does not specify whether this appropriation would be considered part of legislative appropriations —and therefore subject to the constitutional limit —or not.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-024

Proposition 6 [Ballot]

Nov 5, 2024 - Any potential increase or decrease in state and local criminal justice costs likely would not exceed the tens of millions of dollars each year (annually). This amount is less than one-half of 1  percent of the state ’s total General Fund budget.
https://lao.ca.gov/BallotAnalysis/Proposition?number=6&year=2024

Proposition 27 [Ballot]

Nov 8, 2022 - However, it bans bets on certain other events such as high school games and elections. The proposition allows the following groups to apply for a five-year license to offer online sports betting: Tribes With Tribal-State Compacts.
https://lao.ca.gov/BallotAnalysis/Proposition?number=27&year=2022

Building Permits Update: April 2021 [EconTax Blog]

Jun 9, 2021 - Permits have been at least 25 percent above the 2015-19 average every month this year. The Inland Empire, Sacramento, and Los Angeles areas had the most permits as usual, but the Oakland and Fresno areas also posted high totals.
https://lao.ca.gov/LAOEconTax/Article/Detail/663

August 2020 Cap-and-Trade Auction Update [EconTax Blog]

Aug 25, 2020 - While the enacted 2020-21 budget package does not include a detailed discretionary expenditure plan, it does appropriate $134 million to support state departments ’ administration of programs allocated GGRF in prior years. 2020-21 Auction Revenue Subject to Substantial Uncertainty.
https://lao.ca.gov/LAOEconTax/Article/Detail/532

State Fiscal Health Index: November 2019 [EconTax Blog]

Jan 9, 2020 - The index ranges from 0 (representing the lowest level in the last 25 years) to 100 (representing the highest level in the last 25 years). Both the level of the index and changes in the index from month to month offer information about the state ’s fiscal health.
https://lao.ca.gov/LAOEconTax/Article/Detail/426

The 2022-23 Budget: Public Health Foundational Support

Feb 16, 2022 - Remaining funding would be based proportionally on an LHJ ’s share of the state ’s population (50  percent of funding); level of poverty (25  percent of funding), and share of black/African American, Latino, and Native Hawaiian/Pacific Islander residents (25  percent of funding).
https://lao.ca.gov/Publications/Report/4544

Early Budget Actions to Support In-Person K-12 Instruction and Address Learning Loss [Publication Details]

Apr 23, 2021 - On March 5, 2021, the Governor signed Chapter 10 (AB 86, Committee on Budget), which provides additional one-time Proposition 98 funding to schools for providing in-person instruction and addressing student learning loss due to the coronavirus disease 2019 pandemic. This post describes the major components of the legislation.
https://lao.ca.gov/Publications/Detail/4417

Home Sales Update: July 2021 [EconTax Blog]

Aug 25, 2021 - Sales typically peak in June and then gradually tail off over the rest of the year, as the above graph shows.  
https://lao.ca.gov/LAOEconTax/Article/Detail/688

Whether or Not to Tap Reserves to Solve Estimated Budget Problem Emerges as Key Fiscal Decision Facing California’s Legislature

Apr 19, 2023 - (The state also has an additional nearly $10 billion in reserves that it can use specifically to supplement constitutionally required funding for schools and community colleges.) On the other hand, our office maintains that the economy is at a heightened risk of going into a recession, which could cause the state’s budget problem to metastasize.
https://lao.ca.gov/Publications/Report/4762