The Legislative Analyst’s Office (LAO) has just issued the following report:
The 2016-17 Budget: Overview of the Governor’s Budget
This publication is our office’s initial response to the 2016-17 Governor’s Budget proposal. Estimates of state personal income taxes and required school funding are up significantly. In allocating discretionary resources in the 2016-17 budget, the Governor prioritizes growing state budget reserves. Specifically, he increases total reserves to more than $10 billion and also allocates a sizable portion of discretionary resources to one-time infrastructure spending. We encourage the Legislature, as it crafts this year’s budget in line with its own priorities, to begin with a robust target for reserves for the end of 2016-17 and to concentrate spending on one-time purposes. This would still leave some funds available for targeted ongoing commitments—particularly if the Legislature extends the managed care organization (MCO) tax. Such a measured approach would better position the state for any near-term economic downturn.
This report is available using the following link:
For LAO staff contact information, go to http://www.lao.ca.gov/staff. Key LAO contacts for this report include:
Overall State Budget Condition, Including Reserves
· Ryan Miller ([email protected])
· Ann Hollingshead ([email protected])
· Jason Sisney ([email protected]), Revenue issues
Education
· Jennifer Kuhn ([email protected])
· Kenneth Kapphahn ([email protected]), Proposition 98 issues
Health and Human Services
· Mark Newton ([email protected])
· Amber Didier ([email protected]), MCO tax issues
· Meredith Wurden ([email protected]), Developmental Services issues
Corrections, Transportation, and Environment (including Infrastructure issues)
· Anthony Simbol ([email protected])
