The 2023-24 Budget: Financing Approaches for Capital Outlay Projects

Feb 28, 2023 - Taxable bonds are projected to have about 7  percent interest rates in fall 2023 —or 1.35  percent higher than tax-exempt bonds. As a result, the annual debt service savings on these taxable bonds is about $5  million more than tax-exempt bonds.
https://lao.ca.gov/Publications/Report/4709

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Recently, corporation tax collections have grown faster than anticipated while personal income tax collections have grown somewhat slower. The administration assumes that this pattern will continue. This is because they attribute the pattern to partnerships, which are taxed under the personal income tax, changing to corporations in response to 2017 federal tax changes.
https://lao.ca.gov/Publications/Report/4135

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - From 2017 ‑ 18 t o 2019 ‑20, its estimates of baseline Medi ‑Cal expenditures (before accounting for policy changes) is $3. 8  b illion lower than we estimated in November. This difference includes a roughly $ 2  b illion downward revision to current ‑year expenditures.
https://lao.ca.gov/Publications/Report/3916

The 2019-20 Budget: California Spending Plan—Other Provisions

Oct 17, 2019 - In some cases, agencies or departments are not authorized to make expenditures on the development and implementation of a project until 30 calendar days after written notification of the Legislature.
https://lao.ca.gov/Publications/Report/4101

Ten Years Later: Progress Towards Expending the 2006 Bond Funds

Jan 3, 2017 - The factors that led to lags in expenditure of bonds in 2006 could apply to future bonds as well. Accordingly, if crafters of future bonds prioritize quick expenditure of funds, they could consider whether there are opportunities to deemphasize the characteristics that are associated with slow expenditures without trading off other key priorities, such as ensuring that dollars go to the most worthy and cost-effective projects.
https://lao.ca.gov/Publications/Report/3519

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Statutory Changes to Temporarily Change Process for Adjusting Cannabis Tax Rates. The California Department of Tax and Fee Administration (CDTFA) makes periodic, statutorily required adjustments to the rates for the state ’s two cannabis taxes: the retail excise tax and the cultivation tax.
https://lao.ca.gov/Publications/Report/4277

The 2019-20 Budget: California Spending Plan—Capital Outlay

Oct 17, 2019 - In addition, there are some capital expenditures that are co ntinuously appropriated, such as some bond funds. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Publications/Report/4105

Debt Service on Infrastructure Bonds

Nov 15, 2017 - Debt Service on Infrastructure Bonds California's Fiscal Outlook Fiscal Outlook: Debt Service on Infrastructure Bonds Debt service is a significant General Fund expenditure. Below, we discuss how we estimate the state ’s debt burden will change over the forecast period.
https://lao.ca.gov/Publications/Report/3713

The 2016-17 Budget: The Governor's State Office Building Proposal

Feb 9, 2016 - In both cases, regular reviews through the budget process allow the Legislature to ensure that expenditures are directed to its top priorities. Also, if the Legislature has concerns about how a program or project is operating, it has the opportunity to reduce expenditures or direct the administration to implement changes to address them.
https://lao.ca.gov/Publications/Report/3347

The 2018-19 Budget: Department of General Services

Feb 20, 2018 - This is a decrease of $812  million, or about 42  percent, from current-year estimated expenditures. This decrease primarily reflects $851  million in one-time funding provided in 2017 ‑18 to construct the new Natural Resources and O Street Buildings, as mentioned below.
https://lao.ca.gov/Publications/Report/3758