Weekly Unemployment Claims Update: July 19-July 25 [EconTax Blog]

Jul 31, 2020 - Weekly Unemployment Claims Update: July 19-July 25 [EconTax Blog] Weekly Unemployment Claims Update: July 19-July 25 July 31, 2020 Chas Alamo As a result of the COVID-19 pandemic, California has experienced an unprecedented rise in unemployment since the beginning of March.
https://lao.ca.gov/LAOEconTax/Article/Detail/510

The 2023-24 Budget: Proposed Reauthorization of AB 8 Vehicle Fees

Feb 24, 2023 - The Governor proposes to extend authorization for the sunsetting A B  8 fees from January 1, 2024 through 2035. Because these fees are constitutionally a tax, the extension would need to be approved by a two ‑thirds vote of the Legislature.
https://lao.ca.gov/Publications/Report/4708

Contributions to CalSTRS [EdBudget]

Aug 24, 2020 - Final rates and amounts for those years will vary based on actual actuarial experience (including actuarial losses in 2019-20) and other factors. Amounts may not add to total due to rounding. a Reflects effective rates for school districts and community college districts.
https://lao.ca.gov/Education/EdBudget/Details/438

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - As such, there are many types of properties that clearly meet this definition, including: buildings (such as houses, office buildings, and school buildings), land (including undeveloped land, such as parks), highways, roads, and bridges.
https://lao.ca.gov/Publications/Report/4547

The 2021-22 Budget: Analysis of CalAIM Financing Issues

Feb 16, 2021 - Figure 2 Proposed CalAIM Funding —Governor ’s 2021 ‑22 Budget (In Millions) Benefit and population delivery system transitions b 403 a To assist with the establishment of enhanced care management and in lieu of services. b Not included in last year ’s proposal. c While the 2024 ‑25 costs are as listed, ongoing costs are proposed to be $20 million total funds, $10 million General Fund.
https://lao.ca.gov/Publications/Report/4374

Breakdown of Local Control Funding Formula [EdBudget]

Aug 30, 2021 - Breakdown of Local Control Funding Formula [EdBudget]   a Includes funding for Necessary Small Schools. b Includes funding to increase the concentration grant from 50 percent of the base grant to 65 percent. c Includes funding related to inter-district transfer students, support for the State Special Schools, and the Education Protection Account.
https://lao.ca.gov/Education/EdBudget/Details/546

The 2021-22 Budget: California Student Aid Commission

Feb 8, 2021 - Cal Grants are provided as entitlements to recent high school graduates and transfer students under age 28. The state also provides a limited number of competitive awards to other students—typically older students who have been out of school for at least a few years.
https://lao.ca.gov/Publications/Report/4355

New Inflation Poses Not So New Budget Risk

Dec 15, 2022 - All state spending into the economy —whether it goes toward health care, corrections, schools, or tax rebates —must be funded with revenue extracted from the economy. Reserves Offer Insurance Against Downside Risk By far, the biggest fiscal threat posed by inflation is its propensity to raise the risk of a recession.
https://lao.ca.gov/Publications/Report/4653

Changes in California Student Aid Commission General Fund Spending [EdBudget]

Feb 4, 2023 - Changes in California Student Aid Commission General Fund Spending [EdBudget]     a The Governor's budget shifts some program spending from 2021-22 to 2022-23, bringing the revised spending level in 2022-23 to $147 million. b Consists of $469,000 for 2 cybersecurity positions, $121,000 for a human resources position, $120,000 for high school toolkits, and a reduction of $45,000
https://lao.ca.gov/Education/EdBudget/Details/690

The 2022-23 Budget: California College Guidance Initiative [Publication Details]

Feb 22, 2022 - This post provides background on the California College Guidance Initiative, describes the Governor’s proposal for the program, and offers an associated assessment and recommendation to the Legislature.
https://lao.ca.gov/Publications/Detail/4553