The 2024-25 Budget: Preliminary May Revision Analysis for Child Welfare

May 24, 2024 - The change in total funding, which is a net increase of $173  million total funds, reflects the General Fund decrease, offset by projected increases in county and federal expenditures. The General Fund net decrease is driven primarily by: Expiration of one-time funding provided in 2023-24, such as $100  million for Los Angeles County child welfare stabilization and $50  million for flexible county funds to support home-based foster placements.
https://lao.ca.gov/Publications/Report/4909

The 2024-25 Budget: The MCO Tax Package at May Revision [Publication Details]

May 22, 2024 - The 2024-25 Budget: The MCO Tax Package at May Revision [Publication Details] The 2024-25 Budget: The MCO Tax Package at May Revision Format: HTML Description: This post provides our initial assessment of the Governor’s proposed managed care organization (MCO) tax package in the May Revision.
https://lao.ca.gov/Publications/Detail/4905

The 2024-25 Budget: The MCO Tax Package at May Revision

May 22, 2024 - Background MCO Tax State Has Renewed and Increased the MCO Tax. The 2023-24 budget renewed the MCO tax through the end of 2026. Like the recent past versions, the tax is based on MCOs ’ enrollment in Medi-Cal and private insurance.
https://lao.ca.gov/Publications/Report/4905

The 2024-25 Budget: Future of Public Health Budget Solution

May 21, 2024 - The majority of CDPH ’s budget goes to LHJs —mostly county health departments that carry out many of the state ’s public health programs. In addition to receiving support from the CDPH budget, LHJs also receive funding from 1991 health realignment.
https://lao.ca.gov/Publications/Report/4904

UC Spending Proposals Under Governor's Budget and May Revision [EdBudget]

May 17, 2024 - UC Spending Proposals Under Governor's Budget and May Revision [EdBudget]     a Proposition 56 (2016) earmarked up to $40 million in tobacco-tax revenue for a certain GME program. As tobacco-tax revenue has dropped over time, the state has provided General Fund to backfill the shortfall.
https://lao.ca.gov/Education/EdBudget/Details/856

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - The May Revisions proposes to not allow businesses to use tax credits to reduce their taxes by more than $5 million for tax years 2025, 2026, and 2027. This would not apply to the low-income housing tax credit.
https://lao.ca.gov/LAOEconTax/Article/Detail/804

The 2024-25 Budget: Temporary Corporation Tax Increases [EconTax Blog]

May 17, 2024 - The May Revisions proposes to not allow businesses to use tax credits to reduce their taxes by more than $5 million for tax years 2025, 2026, and 2027. This would not apply to the low-income housing tax credit.
https://lao.ca.gov/LAOEconTax/article/Detail/804

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - The state meets this requirement through a combination of General Fund spending and local property tax revenue. When General Fund revenue declines, the minimum requirement usually declines in tandem.
https://lao.ca.gov/Publications/Report/4902

Update on Student Housing Assistance

May 7, 2024 - ., an organization that provides support services to youth exper iencing homelessness in Los Angeles County. Meanwhile, the Chico campus is working with two organizations, True North Housing Alliance and the Chico Housing Action Team, both of which provide support services to people experiencing homelessness in Butte County.
https://lao.ca.gov/Publications/Report/4898

California’s Child Welfare System: Addressing Disproportionalities and Disparities

Apr 24, 2024 - The legislation also dedicated a portion of the state ’s sales and use tax and vehicle license fee revenues —along with a portion of the associated growth in these revenues —to counties to administer these programs (along with some public safety, behavioral health, and adult protective services programs).
https://lao.ca.gov/Publications/Report/4897