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4,639 Publications Found
December 9, 2019 - Presented to: Assembly Budget Subcommittee No. 1 on Health and Human Services
December 9, 2019 - Under the baseline scenario in our recently released report The 2020-21 Budget: California's Fiscal Outlook, we estimate California's General Fund is on track for a $7 billion surplus in 2020-21, with around $3 billion available for new, ongoing commitments. Additionally, we estimate the state's rainy day fund will grow to $18.3 by the end of 2020-21. Despite these large estimated surpluses and reserves, our central recommendation to the Legislature is to limit its new, ongoing spending commitments to approximately $1 billion or less in the 2020-21 budget. In this new installment of Fiscal Perspectives, Legislative Analyst Gabriel Petek provides additional context for understanding the importance of limiting new, ongoing spending in the coming budget, with a short discussion of the state's fiscal structure, the state's economic backdrop, and other potential risks and uncertainties.
December 5, 2019 - Chapter 22 of 2015 (SB 81, Committee on Budget and Fiscal Review) created a Basic Skills Transformation Grant initiative to improve basic skills education at the community colleges. The legislation directed our office to submit an interim evaluation by December 1, 2019 and a final evaluation by December 1, 2021. This brief fulfills the interim reporting requirement.
November 21, 2019 - Presented to the California Association of School Business Officials on November 21, 2019.
November 21, 2019 - This post is part of our November Outlook series intended to help the Legislature plan for the budget year ahead. In this post, we provide background on the California Work Opportunity and Responsibility to Kids (CalWORKs) child care program, discuss our projections of future CalWORKs child care costs, and identify various risks and uncertainties that could affect these future costs.
In addition to this report, you can find the main California's Fiscal Outlook report along with a collection of other fiscal outlook material on our fiscal outlook budget page.
November 21, 2019 - This post describes the key factors driving recent spending increases on Cal Grants, the state’s main form of student financial aid. It also discusses our Cal Grant spending estimates through 2023-24.
In addition to this report, you can find the main California's Fiscal Outlook report along with a collection of other fiscal outlook material on our fiscal outlook budget page.
November 20, 2019 - This post describes the current debt service ratio in the 2019-20 fiscal year.
In addition to this report, you can find the main California's Fiscal Outlook report along with a collection of other fiscal outlook material on our fiscal outlook budget page.
November 20, 2019 - The 2020-21 Budget: Fiscal Outlook Overview.
In addition to this handout, you can find the main California's Fiscal Outlook report along with a collection of other fiscal outlook material on our fiscal outlook budget page.
November 20, 2019 - This web post provides detail on our projections and assumptions related to General Fund spending in Medi-Cal for the years 2019-20 through 2023-24. In the near term, we project Medi-Cal spending to grow to $23.5 billion in 2020-21. Over the long term, we project General Fund spending in Medi-Cal to grow to up to $27.6 billion.
In addition to this report, you can find the main California's Fiscal Outlook report along with a collection of other fiscal outlook material on our fiscal outlook budget page.
November 20, 2019 - This report examines how the Proposition 98 minimum guarantee might change over the coming years. The report has five parts. First, we explain the formulas that determine the minimum guarantee. We then explain how our estimates of Proposition 98 funding in 2018‑19 and 2019‑20 differ from the estimates included in the June 2019 budget plan. Next, we estimate the 2020‑21 guarantee. Fourth, we explain how the minimum guarantee could change through 2023‑24 under two possible economic scenarios. Finally, we identify the amount of funding that would be available for new spending commitments in the upcoming year and describe some issues for the Legislature to consider as it prepares to allocate this funding.
In addition to this report, you can find the main California's Fiscal Outlook report along with a collection of other fiscal outlook material on our fiscal outlook budget page.
November 20, 2019 - The annual Fiscal Outlook publication gives our office’s independent assessment of the California state budget condition for the upcoming fiscal year and over the longer term. We find the budget continues to be in good condition with an estimated $7 billion surplus in 2020-21. However, we recommend the Legislature be cautious in allocating this surplus. Specifically, we suggest the Legislature initially plan to dedicate: (1) no more than $1 billion to ongoing purposes; (2) a significant portion toward building reserves and paying down debt; and (3) focus the remaining surplus on one-time, flexible commitments that can be changed midyear if needed.
November 18, 2019 - Presented to: Senate Energy, Utilities, and Communications Committee
November 6, 2019 - Recent legislation directed the Legislature and administration to work collaboratively to consider changes in how the state organizes, delivers, and funds special education, with the overarching intent to improve outcomes. With this report, we aim to inform these fiscal and policy conversations by providing an overview of special education in California.
Update 11/8/19: Adjustments made to per-student education costs
October 17, 2019 - This post describes the debt and liability payments made as part of the 2019-20 budget package.
October 17, 2019 - The 2019-20 budget includes $3.5 billion for certain phases of roughly 200 different capital outlay projects across 20 different departments.