California’s Child Welfare System: Addressing Disproportionalities and Disparities

Apr 24, 2024 - The legislation also dedicated a portion of the state ’s sales and use tax and vehicle license fee revenues —along with a portion of the associated growth in these revenues —to counties to administer these programs (along with some public safety, behavioral health, and adult protective services programs).
https://lao.ca.gov/Publications/Report/4897

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - Whereas unrestricted reserves totaled $1.8  billion (22  percent of expenditures) in 2018 ‑19, they grew to an estimated $3.1  billion (33  percent of expenditures) in 2022 ‑23. Both the Government Finance Officers Association and the Chancellor ’s Office ’s recommend that unrestricted reserves comprise a minimum of 16.7  percent (two months) of expenditures.
https://lao.ca.gov/Publications/Report/4853

The 2021-22 California Spending Plan: The State Appropriations Limit

Aug 30, 2021 - The Legislature can use excess revenues in three ways: (1)  appropriate more money for purposes excluded from the state appropriations limit (SAL), (2)  split the excess between additional school and community college district spending and taxpayer rebates, or (3)  lower tax revenues.
https://lao.ca.gov/Publications/Report/4449

The 2024-25 Budget: State Employee Compensation

Mar 21, 2024 - Further, because budgetary savings from a payroll deferral are the result of an accounting maneuver and not the result of actual reduced state expenditures, a payroll deferral adds a layer of complexity to an already complex state budget.
https://lao.ca.gov/Publications/Report/4888

Mental Health Services Act: Proposed Restructuring of the MHSA Funding Categories and Impacts on County Spending

Jul 13, 2023 - Approved by voters in 2004, the MHSA places a 1  percent tax on personal income over $1  million and dedicates the associated revenues to mental health services. The vast majority ­ of MHSA revenues —at least 95   percent —goes directly to counties, which use it to support a variety of services for individuals with or at risk of mental illness.
https://lao.ca.gov/Publications/Report/4782

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Film Tax Credit Extends Film Tax Credit Program. The budget extends the film tax credit —which awards $330  million in credits annually to motion picture productions —for five years beginning in 2025-26 (Program 4.0).
https://lao.ca.gov/Publications/Report/4814

The 2024-25 Budget: California State University

Feb 15, 2024 - As Figure  6 shows, CSU ’s uncommitted core reserves have generally increased over the past five years, reaching 1.1 months of expenditures in 2022 ‑23. Nonetheless, the reserve level remains below the system ’s target.
https://lao.ca.gov/Publications/Report/4842

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - Ultimately, the 2023-24 budget extends the expenditure deadline for all HCBS activities to up to December 31, 2024 (allowing for close-out activities until March  31, 2025). DOF can further extend the expenditure deadline to up to March  31, 2025 on a case-by-case basis.
https://lao.ca.gov/Publications/Report/4812/6

How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - State income tax withholding at Nvidia more than doubled over the same period. What Effect Has Boost in Equity Withholding Had on State Tax Receipts This Year? Income tax withholding receipts for 2022-23 were about 3 percent lower than a year before.
https://lao.ca.gov/LAOEconTax/article/Detail/789

How Does Tech Company Equity Pay Affect Income Tax Withholding? [EconTax Blog]

Nov 16, 2023 - State income tax withholding at Nvidia more than doubled over the same period. What Effect Has Boost in Equity Withholding Had on State Tax Receipts This Year? Income tax withholding receipts for 2022-23 were about 3 percent lower than a year before.
https://lao.ca.gov/LAOEconTax/Article/Detail/789