Government Finance and Operations update 11/15/2013
State Revenues Well Above Projections
The state’s revenues continue to outperform estimates, with October’s revenues over ten percent higher than expected. For the year-to-date, general fund receipts are up 2.5 percent.
The main state-level revenue of importance to counties is the sales tax because it directly funds both 1991 and 2011 Realignment as well as Proposition 172. Over the first four months of the year, sales tax receipts have come in 2.8 percent higher than budget estimates.
The State Controller reports on state receipts and disbursements every month. The reports are available on his website at http://www.sco.ca.gov/ard_state_cash_fy1314.html andhttp://www.sco.ca.gov/eo_2013_11_summary_analysis.html.
Mandate Reform, LAO Among Policy Committee Topics
Policy committee meetings are a great opportunity for county supervisors and others to learn more about and discuss the important issues facing counties across the state.
The agenda for next Wednesday’s meeting of the Government Finance and Operations Policy Committee includes an overview of the state mandate process. The landscape of this issue has changes significantly over the past few years, and there are now calls from both the local side and the state for significant reform. The committee will have a chance to discuss the problems that counties have with the current state of affairs and possible methods fixing them.
In what has long been a staple of the committee’s fall meetings, the Legislative Analyst’s Office will present information about the state’s fiscal forecast. The LAO is widely respected for its careful, nonpartisan analysis of policy and fiscal issues, and their November Fiscal Forecast is a wide-ranging view of the coming year.
The policy committee will meet next Wednesday, November 20, from 2 to 4 p.m. at the San Jose Convention Center.
The full agenda packet is available online at http://www.csac.counties.org/sites/main/files/file-attachments/2013annualgfo_0.pdf.