The 2020-21 Spending Plan: Transportation

Oct 5, 2020 - The budget includes a $21  million loan from the Local Airport Loan Account to the General Fund and a $32  million transfer from the Traffic Congestion Relief Fund to the General Fund. The enacted budget did not include a May Revision proposal by the Governor to transfer $130.5  million in interest earnings from SHA to the General Fund.
https://lao.ca.gov/Publications/Report/4272

The 2020-21 Spending Plan: Labor and Employment Issues

Oct 5, 2020 - In addition, the budget package includes $3.4  million General Fund and 24 positons at EDD to implement AB  5. The department requested resources for AB  5 because its payroll tax auditors must determine if a worker is an independent contractor or an employee.
https://lao.ca.gov/Publications/Report/4274

The 2020-21 Spending Plan: Resources and Environmental Protection

Oct 5, 2020 - Outdoor Education Grant Program (AB  209). The budget provides $20  million from the General Fund on a one-time basis to start a new grant program authorized under Chapter  675 of 2019 (AB  209, Lim ón).
https://lao.ca.gov/Publications/Report/4275

The 2020-21 Budget: Labor Agreements to Achieve Budgetary Savings

Sep 9, 2020 - The new agreement reduces the number of classroom training hours by 32 hours —from 48 hours to 8 hours. The 32 hours of training is intended to become nonclassroom, on-the-job, or online training. The administration indicates that this will result in nearly $60  million in savings because the administration will not need to backfill officers who are attending classroom training with other officers who receive overtime payments.
https://lao.ca.gov/Publications/Report/4267

An Update on California’s Cash Management Situation

Aug 31, 2020 - In fact, while the state has not used external borrowing for cash management since 2014, in the 32 years between 1983 and 2014 the state issued at least one RAN in every single year excep t two (1995 and 2000).
https://lao.ca.gov/Publications/Report/4266

New Higher Education Reporting Requirements [EdBudget]

Jul 27, 2020 - BBL refers to the 2020-21 Budget Act as enacted in Chapter 6 of 2020 (SB 74, Committee on Budget and Fiscal Review) and amended by Chapter 7 of 2020 (AB 89, Committee on Budget and Fiscal Review). TBL refers to Chapter 25 of 2020 (SB 116, Committee on Budget and Fiscal Review).
https://lao.ca.gov/Education/EdBudget/Details/392

Building Permits Update: May 2020 [EconTax Blog]

Jul 7, 2020 - Building Permits Update: May 2020 [EconTax Blog] Building Permits Update: May 2020 July 7, 2020 Brian Uhler California recorded 6,430 housing permits in May, down 32 percent from May 2019. While this was above the April figure of 5,383, it was the lowest May total since 2012.
https://lao.ca.gov/LAOEconTax/Article/Detail/492

Labor Agreements: Bargaining Units 1, 3, 4, 6, 9, 11, 14, 15, 17, 20, AND 21

Jun 25, 2020 - The proposed agreement would reduce the number of classroom training hours by 32 hours —from 48 hours to 8 hours. The 32 hours of training would become nonclassroom, on-the-job, or online training. The administration indicates that this will result in nearly $60  million in savings because the administration will not need to backfill officers who are attending classroom training with other officers who receive overtime payments.
https://lao.ca.gov/Publications/Report/4257

Income Tax Withholding Tracker: June 15-June 19 [EconTax Blog]

Jun 19, 2020 - The comparable week during the Great Recession showed a 32 percent decline from the same week in 2008. It appears that withholding has bottomed out much earlier in the cycle than it did in 2009. The final graph shows total withholding collections since Monday March 23, when we first started to see evidence of an impact of the pandemic on withholding.
https://lao.ca.gov/LAOEconTax/Article/Detail/483

The 2020-21 Budget: Addressing Revenue Uncertainty in the 2020-21 Cap-and-Trade Expenditure Plan

Jun 4, 2020 - SRA = State Responsibility Area; CalFire = California Department of Forestry and Fire Protection; N/A = not applicable; AB 617 = Chapter 136 Statutes of 2017 (AB 617, C. Garcia); SB 901 = Chapter 626 Statutes of 2018 (SB 901, Dodd); AB 38 = Chapter 391 Statutes of 2019 (AB 38, Wood); CalRecycle = California Department of Resources Recycling and Recovery; and CalEPA=California Environmental Protection Agency.
https://lao.ca.gov/Publications/Report/4250