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4,622 Publications Found
November 15, 2017 - The near-term budget outlook is positive. Under our current estimates, the state would have $19.3 billion in total reserves (including $7.5 billion in discretionary reserves) at the end of 2018-19, assuming the Legislature makes no additional budget commitments. The Legislature can use discretionary resources to build more budget reserves, increase spending, and/or reduce taxes. We also estimate the Legislature will have $5.3 billion in uncommitted school and community college (Proposition 98) funds to allocate in 2018-19. We provide more detail on our estimates of Proposition 98 funding in a separate report accompanying this outlook. The state has made significant progress in preparing for the next recession. To assess the longer-term budget outlook, we present two illustrative economic scenarios for fiscal years after 2018-19. Under a moderate recession scenario, the state has enough reserves to cover its deficits until 2021-22, assuming the Legislature makes no additional budget commitments. Additional budget commitments in the near term could cause the state to exhaust its reserves earlier in the next recession
This year, our Fiscal Outlook includes this report and a collection of other fiscal outlook material on our fiscal outlook budget page.
November 15, 2017 - This web post provides information about the fiscal outlook for the Department of Developmental Services from 2017-18 through 2021-22. It also considers the fiscal impact of the closure of state-run Developmental Centers, which will occur over the outlook period.
This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
November 15, 2017 - Proposition 98 (1988) establishes a minimum annual funding requirement for schools and community colleges. In this report, we (1) explain how our estimates of the minimum requirement have changed since the adoption of the June budget plan, (2) identify the new funding available in 2018-19, and (3) highlight a few key trends affecting schools and community colleges over the next four years.
This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
November 15, 2017 - This online post discusses the major factors that we project will impact General Fund spending in Medi-Cal from 2017-18 to 2021-22.
This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
November 15, 2017 - This post discusses the fiscal effects of California's minimum wage on the General Fund.
This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
November 15, 2017 - Debt service is a significant General Fund expenditure. In this post, we discuss how we estimate the state’s debt burden will change over the forecast period.
This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
November 15, 2017 - In this fiscal outlook post, we discuss our near- and long-term costs projections for the In-Home Supportive Services (IHSS) Program and significant cost drivers and savings.
This is part of a collection of material for The 2018-19 Budget: California’s Fiscal Outlook. See a complete list of this year's fiscal outlook material on our fiscal outlook budget page.
November 14, 2017 - In this report, we provide background information on ZNE buildings as well as the administration’s approach to meeting the executive order’s goals for state‑owned ZNE buildings. Then, we assess the administration’s approach to these buildings. Finally, we recommend that the Legislature adopt its own policies related to ZNE for state buildings and take steps to ensure that it has adequate information to evaluate future administration proposals for state‑owned ZNE buildings.
October 31, 2017 - California Competes awards income tax credits to attract or retain businesses considering a significant new investment in California. In this report, we reviewed California Competes’ experience to date in meeting the Legislature’s goals for the program.
October 23, 2017 - Presented to: Senate Education Committee
October 18, 2017 - Each year, our office publishes the California Spending Plan to summarize the annual state budget. This publication discusses the 2017‑18 Budget Act and other major budget actions approved in 2017. In general, it reflects budgetary actions that the Legislature has taken through September 2017. In some cases, as noted, we discuss budget actions approved by the Legislature after June 15, 2017. In late July, for example, the Legislature passed and the Governor approved, an extension of authority for the Air Resources Board to implement the state’s cap‑and‑trade program from 2020 to 2030.
October 17, 2017 - Since 1930, the Federal Bureau of Investigation’s (FBI) Uniform Crime Reporting (UCR) program has collected data on crimes reported to law enforcement agencies throughout the United States. Recently, the FBI released data on crime in 2016. These data likely underestimate the total number of crimes that have actually occurred. This is because they do not include unreported crime, and some reported crimes—including all drug crime—are excluded. Despite these limitations, the UCR data provide useful metrics for tracking changes in crime rates over time. In this report, we present crime trends in California and show how California compares to nationwide trends.
October 10, 2017 - Presented to: Senate Human Services Committee and Assembly Human Services Committee.
October 9, 2017 - When a property changes hands the taxes paid for the property often increase substantially. This is not true for most inherited property. Three decades ago, the Legislature and voters decided inherited property should not be reassessed when transferred. This has been a consequential decision. Many have benefited from the tax savings this policy affords. Nonetheless, the inheritance exclusion raises some policy concerns. Because of this, the Legislature may want to revisit the inheritance exclusion. Depending on the Legislature’s goals, the existing policy may be crafted too broadly and options are available to better target its benefits.
A short video accompanies this report.
October 2, 2017 - Presented to Assembly Committee on Education; Assembly Budget Subcommittee No. 2 on Education Finance; Assembly Select Committee on Career Technical Education and Building a 21st Century Workforce; and Assembly Committee on Jobs, Economic Development, and the Economy