The Property Tax Postponement Program [Publication Details]

Mar 6, 2019 - The Property Tax Postponement Program [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/3967

Amid Good Fiscal Times, Planning for the Future Is Crucial [Publication Details]

May 21, 2019 - Later, when the economy and tax receipts weaken, the state can draw upon its accumulated savings to fund a spending level above what revenues would otherwise support. Exercising spending restraint during good times promotes fiscal sustainability and dampens the need for austerity in subsequent recessions, thus, facilitating policy stability.
https://lao.ca.gov/Publications/Detail/4051

The Quiet Transformation in California’s Cash Management

Aug 29, 2019 - Corporations issue commercial paper to finance their receivables while many U.S. state and local governments —especially those with back-loaded revenue collections (such as California) —issue tax revenue anticipation notes.
https://lao.ca.gov/Publications/Report/4091

The 2019-20 Budget: The Governor's Proposal for a New Office of Digital Innovation

Mar 22, 2019 - Largest Expenditure is One-Time Appropriation for “Innovation Fund ” in 2019 ‑20. The proposal includes a one-time appropriation of $20  million General Fund to create an Innovation Fund that would primarily fund various efforts that ODI identifies as necessary to improve departmental business processes and service delivery models.
https://lao.ca.gov/Publications/Report/3981

The 2021-22 Budget: The Governor’s Suspension Proposal [Publication Details]

Jan 29, 2021 - Under current law, about $1.3 billion in state expenditures—including many that directly support core government services—are subject to potential suspension in 2021-22. Given that the state has a significant windfall, it is unlikely that these suspensions would be operative under current law. The Governor proposes maintaining the suspension calculation for 2022-23.
https://lao.ca.gov/Publications/Detail/4328

The 2019-20 May Revision: Opportunity Zones [Publication Details]

May 11, 2019 - The Governor proposes to allow state tax benefits for investments in alternative energy or affordable housing in communities designated as Opportunity Zones under a new federal program.
https://lao.ca.gov/Publications/Detail/4038

The 2019-20 Budget: California Spending Plan—Debt Liabilities

Oct 17, 2019 - Deferrals To address budgetary shortfalls, at various points, the state made adjustments to expenditure accounting to push costs into different fiscal years, providing a temporary budgetary benefit. Background on the Payroll Deferral .
https://lao.ca.gov/Publications/Report/4106

The 2019-20 Budget: Undoing California’s Outstanding Budgetary Deferrals

Mar 26, 2019 - As we noted in our report The 2019‑20 Budget: Analysis of the Medi-Cal Budget , in recent years Medi-Cal expenditures have become increasingly difficult to project. Significant, unanticipated changes to the Medi-Cal budget have become routine.
https://lao.ca.gov/Publications/Report/3988