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4,823 Publications Found
June 3, 2019 - Presented to: Budget Conference Committee
June 3, 2019 - Presented to: Budget Conference Committee
June 3, 2019 - Presented to: Budget Conference Committee
June 3, 2019 - Presented to: Budget Conference Committee
May 31, 2019 - Presented to: Budget Conference Committee
May 31, 2019 - Presented to: Budget Conference Committee
May 30, 2019 - Presented to: Budget Conference Committee
May 30, 2019 - Presented to: Budget Conference Committee
May 30, 2019 - Presented to: Budget Conference Committee
May 30, 2019 - Presented to: Budget Conference Committee
May 30, 2019 - Presented to: Budget Conference Committee
May 30, 2019 - Presented to the Budget Conference Committee
May 29, 2019 - In this web post, we describe the update to the Governor’s 1991 realignment proposal introduced in January. Additionally, we assess whether the changes included in the Governor’s May Revision align with our realignment principles and address the issues we raised for Legislative consideration in January.
May 28, 2019 - In this web post, we analyze the 2019-20 May Revision proposal to fund a new mandate relating to the Cal Grant program. We provide background on the mandate, discuss the Governor’s proposal, share our assessment, and provide an associated recommendation. This post fulfills a requirement for our office to analyze new mandates, as specified in Section 17562 of the Government Code.
May 21, 2019 - Through the adoption of countercyclical fiscal policies, California is better able to navigate the business cycle within the constraints of its constitutional balanced budget requirement. The idea here is that in good times—when revenues are strong—the state spends somewhat below its capacity, sequestering the difference in reserves. Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support. Exercising spending restraint during good times promotes fiscal sustainability and dampens the need for austerity in subsequent recessions, thus, facilitating policy stability. The more robust California’s countercyclical fiscal policies are, the more the state can avoid boom-and-bust budgeting, which most policymakers view as anathema.