The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products [Publication Details]

May 12, 2019 - The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products [Publication Details] The 2019-20 May Revision: Sales Tax Exemptions for Diapers and Menstrual Products Format: HTML Description: In the May Revision, the Governor has proposed two new sales tax exemptions that would go into effect on January 1, 2020 and expire on December 31, 2021: one for menstrual products and another for children’s diapers.
https://lao.ca.gov/Publications/Detail/4040

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - At the same time, federal tax law typically influences people ’s choices more than state tax law because federal tax rates are higher. This means that at least some of the investment receiving California tax benefits would happen anyway in response to the federal tax benefit.
https://lao.ca.gov/Publications/Report/4038

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

An Extraordinary Moment in California's Fiscal History

Apr 11, 2019 - Another worthy consideration would be to put more funds into the state’s budget reserves rather than unwind certain expenditure deferrals. In our 2018 November fiscal outlook, we estimated that in order to cover the budget problem associated with a moderate recession without cutting programs or raising taxes, the state would require budget reserves of $25 billion.
https://lao.ca.gov/Publications/Report/4003

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

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 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

The 2019-20 Budget: Structuring the Budget: Reserves, Debt and Liabilities

Feb 5, 2019 - To ensure the General Fund is balanced, anticipated expenditures must not exceed resources available. There are two main components of available resources: Revenues. Revenues from taxes and fees are the major sources of available resources.
https://lao.ca.gov/Publications/Report/3925

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

Fiscal Outlook: Medi-Cal

Nov 14, 2018 - In 2018-19, revenues from the MCO tax will offset almost $1.9  billion in General Fund expenditures. Under state law, the MCO tax expires at the end of 2018-19. (In its statutory authorization, the MCO tax was tied to a 7  percent service-hour restoration in In-Home Supportive Services (IHSS), at a General Fund cost of roughly $300  million in 2017-18.
https://lao.ca.gov/Publications/Report/3898