The 2024-25 Budget: Department of Developmental Services

Feb 13, 2024 - The  expenditure deadline for all HCBS ARPA activities is December  31, 2024. Department Stated Intent to Collect Data on Pilot. The department stated in 2023 that regional center service coordinators are responsible for distributing an experience questionnaire to consumers and families receiving Coordinated Family Support.
https://lao.ca.gov/Publications/Report/4837

The 2024-25 Budget: IS and IT Project Proposal Tables

Feb 9, 2024 - IT = information technology; CDT = California Department of Technology; TF = total funds; GF = General Fund; OF = other funds; EDD  =  Employment  Development Department; CalSTRS = State Teachers ’ Retirement System; PSP = Pension Solution Project; N/A = not applicable; CalHHS  =  California Health and Human Services Agency; DSS = Department of Social Services; CWS ‑CARES = Child Welfare Services
https://lao.ca.gov/Publications/Report/4836

The 2024-25 Budget: Department of Justice

Feb 9, 2024 - This means the Legislature receives key revenue and expenditure information to monitor the health of t hese funds and makes decisions about how much funding should be available from them to support DOJ litigation activities.
https://lao.ca.gov/Publications/Report/4831

The 2024-25 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program

Feb 8, 2024 - The 2024-25 Budget: Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Supplemental Security Income/State Supplementary Payment (SSI/SSP) Program Summary For 2024-25, the Governor ’s budget proposes $3.7  billion from the General Fund for the state ’s share of SSI/ SSP —an  increase of $121  million (3  percent) over estimated 2023-24 expenditures.
https://lao.ca.gov/Publications/Report/4832

Social media platforms. [Ballot]

Feb 6, 2024 - Uncertain impact on state and local tax revenue that would depend primarily on how social media platforms respond to the measure. 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/BallotAnalysis/Initiative/2023-035

California Housing Affordability Tracker (April 2024) [EconTax Blog]

Jan 24, 2024 - Monthly payments for a newly purchased mid-tier home —including mortgage, taxes, and homeowners ’ insurance —have increased dramatically over the last couple of years. Payments for a mid-tier home were over $5,500 a month in March 2024 —an 80  percent increase since January 2020.
https://lao.ca.gov/LAOEconTax/article/Detail/793

California Housing Affordability Tracker (April 2024) [EconTax Blog]

Jan 24, 2024 - Monthly payments for a newly purchased mid-tier home —including mortgage, taxes, and homeowners ’ insurance —have increased dramatically over the last couple of years. Payments for a mid-tier home were over $5,500 a month in March 2024 —an 80  percent increase since January 2020.
https://lao.ca.gov/LAOEconTax/Article/Detail/793

Recent Revenues Coming in Below Governor's Budget Projections [EconTax Blog]

Jan 22, 2024 - Individuals with substantial capital gains and other non-wage income make quarterly estimated tax payments to meet state tax requirements. As shown in the figure  below, January estimated tax payments from these taxpayers are running well below targets needed to meet the Governor 's budget revenue levels for 2023-24.
https://lao.ca.gov/LAOEconTax/article/Detail/795

Recent Revenues Coming in Below Governor's Budget Projections [EconTax Blog]

Jan 22, 2024 - Individuals with substantial capital gains and other non-wage income make quarterly estimated tax payments to meet state tax requirements. As shown in the figure  below, January estimated tax payments from these taxpayers are running well below targets needed to meet the Governor 's budget revenue levels for 2023-24.
https://lao.ca.gov/LAOEconTax/Article/Detail/795

U.S. Retail Sales Update: December 2023 [EconTax Blog]

Jan 17, 2024 - U.S. retail sales have grown 0.7 percent over the last 3 months and 5.6 percent over the last 12 months. Both of these growth rates outpaced inflation.
https://lao.ca.gov/LAOEconTax/Article/Detail/794