Income Tax Withholding Tracker: October 19 - October 23 [EconTax Blog]

Oct 23, 2020 - The first graph compares withholding payments received  this   week to payments received in the comparable week in 2019, which ran from Monday, October 21 to Friday, October 25 of that year. Withholding was up 27 percent from the comparable week in 2019.
https://lao.ca.gov/LAOEconTax/Article/Detail/570

The 2023-24 Budget: Analysis of Child Welfare Proposals and Implementation Updates

Feb 22, 2023 - As part of the broader California Behavioral Health Community ‑Based Continuum federal waiver demonstration project, the administration proposes $10.6  million General Fund in 2023 ‑24 for increased child welfare workload costs under DSS beginning January 1, 2024.
https://lao.ca.gov/Publications/Report/4698

Affordable housing bonds. [Ballot]

Jan 3, 2022 - Local governments can issue bonds to pay for capital projects, such as bridges, schools, hospitals, affordable housing, water treatment facilities, and other public buildings. Although local governments can pay for capital projects with current revenues, borrowing allows them to spread the costs across many years, which often reflects the longer usage of the projects.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-040

February 2021 State Tax Collections [EconTax Blog]

Mar 22, 2021 - The increase in the windfall, however, will be considerably smaller than the amount of surplus tax collections as much of the money will go toward satisfying constitutional school funding and reserve requirements.
https://lao.ca.gov/LAOEconTax/Article/Detail/635

The 2023-24 Budget: Equity Multiplier and Accountability Proposals [Publication Details]

Feb 23, 2023 - The 2023-24 Budget: Equity Multiplier and Accountability Proposals [Publication Details] Description: This brief provides an overview and analysis of the Governor's proposals to (1) provide ongoing funding for the highest-poverty schools and (2) make several changes to the system of transparency and accountability.
https://lao.ca.gov/Publications/Detail/4700

The 2022-23 Budget: Governor’s Office of Business and Economic Development Proposals

Feb 11, 2022 - The total request is for $450 million General Fund, over three years: $100 million in 2023‑24, $100 million in 2024‑25, and $150 million in 2025‑26. Proposal Lacks Important Details. This  proposal does not provide a detailed justification for the amount of funding requested or the criteria that would be used to make the grants.
https://lao.ca.gov/Publications/Report/4529

The 2020-21 Spending Plan: Tax Changes

Oct 5, 2020 - Prior law exempted new corporations from the minimum franchise tax in their first year of business. The budget package expands this exemption to LLCs and certain partnerships in their first year. This expanded exemption expire s in 2024.
https://lao.ca.gov/Publications/Report/4270

The 2020-21 Spending Plan: Human Services

Oct 23, 2020 - To move individuals currently held at county jails to Porterville DC while the new community homes are developed, the spending plan provides $8.9  million General Fund annually until June  30, 2024 to temporarily add 20 beds.
https://lao.ca.gov/Publications/Report/4286/1

Second Round of Higher Education Federal Relief Funds

Jan 20, 2021 - Of this amount, $187  million is reserved for assistance to private K-12 schools. California has discretion to spend the remaining $154  million on emergency grants to elementary and secondary schools, higher education institutions, or other education-related entities.
https://lao.ca.gov/Publications/Report/4315

The 2023-24 Budget: Sexual Assault Evidence Kits Testing Mandate

Feb 27, 2023 - Specifically, the Commission found that this statutory change imposed new state-mandated activities and costs on county and city law enforcement agencies —but not K-12 school district or community college district law enforcement agencies —in order for the time frames to be met.
https://lao.ca.gov/Publications/Report/4714