Evolution of the Balance of the Budget Stabilization Account

Nov 14, 2018 - Under Proposition  2, the state must make deposits into the BSA until its balance reaches a threshold of 10  percent of General Fund taxes. Each year that General Fund tax revenues grow, this 10  percent threshold also grows.
https://lao.ca.gov/Publications/Report/3900

The 2019-20 Budget: California's Fiscal Outlook

Nov 14, 2018 - As described in the expenditure section, this is the net effect of moderate growth in schools and community colleges, health and human services, and employee compensation and retirement programs, offset by reductions in one ‑time spending from 2018 ‑19.
https://lao.ca.gov/Publications/Report/3896

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - Property Tax Revenue Projected to Rise. Whereas the minimum guarantee tends to be volatile, property tax revenue typically grows at a steadier pace. Under the growth scenario, property tax revenue grows from $24. 1  b illion in 2018 ‑ 19 t o $28. 5  b illion by 2022 ‑23.
https://lao.ca.gov/Publications/Report/3897

Fiscal Outlook: In-Home Supportive Services (IHSS)

Nov 14, 2018 - It is important to note that the small net growth in state IHSS expenditures in 2019 ‑20 masks a number of cost increases and expected savings. Specifically, in 2019 ‑20, most of the estimated growth in state IHSS costs is expected to be offset by General Fund savings resulting from the statutorily scheduled 7  percent reduction of IHSS service hours triggered by the expiration of the current managed care organization (MCO) tax at the end of 2018 ‑19.
https://lao.ca.gov/Publications/Report/3899

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The program authorizes the issuance of bonds backed by personal income tax revenues raised under the Mental Health Services Act (Proposition   63 o f 2004). Before these bonds can be issued, the state must complete a validation process whereby the courts determine whether issuance of the bonds is legal.
https://lao.ca.gov/Publications/Report/3870/8

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The spending plan provides $ 23  b illion from the General Fund for Medi ‑Cal local assistance expenditures through DHCS. This is an increase of $2. 6  b illion ( 13  p ercent) compared to the revised estimates of 2017 ‑18 spending levels.
https://lao.ca.gov/Publications/Report/3870/6

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The state ’s largest three General Fund taxes —the personal income tax, sales and use tax, and corporation tax —are projected to increase 4  p ercent. Figure 3
https://lao.ca.gov/Publications/Report/3870

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - In addition, the budget includes a $48. 2  m illion reduction in General Fund support for trial court operations in 2018 ‑ 19 i n order to reflect the availability of property tax revenue in accordance with Control Section 15.45 and Section 2578 o f the Education Code.
https://lao.ca.gov/Publications/Report/3870/11

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - About 40   Percent of Increase Covered With Higher Property Tax Revenue. Of total Proposition  98 spending in 2018 ‑19, $54. 9  b illion is state General Fund and $23. 5  b illion is local property tax revenue.
https://lao.ca.gov/Publications/Report/3870/3

The 2018-19 Budget: California Spending Plan (Final Version)

Oct 2, 2018 - The budget creates the Safety Net Reserve, which aims to set aside funds for the future expenditures of two programs: CalWORKs and Medi ‑Cal. (These are programs that, during a recession, typically have increased expenditures as caseload increases.)
https://lao.ca.gov/Publications/Report/3870/7