The 2021-22 Budget: Multiyear Budget Outlook

May 23, 2021 - Under our estimates, recent gains in revenues —particularly from taxes on higher income earners —would persist and continue to grow close to the historical average rate. (For more discussion of our assumptions, please see: The 2021‑22 Budget: May Revenue Outlook .)
https://lao.ca.gov/Publications/Report/4437

The 2020-21 Budget: California's Spring Fiscal Outlook

May 8, 2020 - Cash Management A Sizeable Cash Cushion Allows the State to Withstand the Delay in the Tax Filing Date … The state ’s sizeable reserve balances have contributed to a strong cash position in recent years.
https://lao.ca.gov/Publications/Report/4228

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - State and federal tax laws typically require taxpayers to report forgiven loan amounts as income. However, the PPP and Health Care Enhancement Act excluded forgiven PPP loans from income for federal tax purposes.
https://lao.ca.gov/Publications/Report/4215

The 2021-22 Budget: Trial Court Operations Proposals [Publication Details]

Feb 11, 2021 - This publication examines the impacts of the novel coronavirus disease 2019 (COVID-19) pandemic and prior-year reductions on trial court operations.
https://lao.ca.gov/Publications/Detail/4362

The 2020-21 Budget: Early Education Analysis

Feb 21, 2020 - For example, a CalWORKs family transitioning from Stage 1 t o 2 m ay have to transition from receiving services at their county welfare department to receiving services through an AP agency. Proposal Could Also Create Greater Fragmentation.
https://lao.ca.gov/Publications/Report/4167

Need-Based Financial Aid Award Amounts [EdBudget]

Jul 20, 2020 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit (CATC). The 2020-21 Budget Act reduces the maximum supplemental award amount from $24 to $12 to reflect a decline in available revenues in the CATC Fund.
https://lao.ca.gov/Education/EdBudget/Details/406

The 2020-21 Budget: Analysis of the Department of Developmental Services Budget

Feb 7, 2020 - PDC is likely a more appropriate placement for an individual with developmental disabilities than county jails. The EBSH homes would serve individuals at PDC who are deemed a danger to themselves or others.
https://lao.ca.gov/Publications/Report/4147

The 2022-23 Budget: Department of Toxic Substances Control Reform Implementation

Jan 25, 2022 - The account is primarily funded by a broad ‑based tax charged to businesses that contribute to hazardous waste. Department Recently Underwent Significant Governance and Fiscal Reform. Budget trailer legislation as part of the 2021 ‑22 budget package, Chapter  73 of 2021 (S B  158 , Committee on Budget and Fiscal Review), restructured and increased the charges that support HWCA and TSCA.
https://lao.ca.gov/Publications/Report/4497

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

Dec 4, 2020 - In addition, consistent with current law, an estimated $42 million will be transferred to the General Fund to backfill revenue losses from a 2017 expansion of a sales tax exemption for certain manufacturers.
https://lao.ca.gov/LAOEconTax/Article/Detail/588

Financial Aid Award Amounts [EdBudget]

Jan 16, 2020 - Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit. The proposed size of the supplement is $24 in 2020-21. We estimate the UC Grant nontuition award based on the average undergraduate cost of attendance, less systemwide tuition and fees and a self-help expectation.
https://lao.ca.gov/Education/EdBudget/Details/353