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Contributions to CalSTRS [EdBudget]

Jul 29, 2024 - Rates and amounts for 2025-26 and subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Rates include the state's required contribution to the Supplemental Benefits Maintenance Account.
https://lao.ca.gov/Education/EdBudget/Details/889

Proposition 98 Key Inputs and Outcomes Under 2024-25 Budget Package [EdBudget]

Jul 29, 2024 - Beginning in 2024-25, this amount is folded into the Proposition 98 guarantee. c Chapter 27 of 2024 (SB 154, Committee on Budget and Fiscal Review) suspends the Proposition 98 guarantee and sets the funding level for schools and community colleges at this amount.
https://lao.ca.gov/Education/EdBudget/Details/894

Tracking Changes in the Proposition 98 Guarantee [EdBudget]

Jul 29, 2024 - Tracking Changes in the Proposition 98 Guarantee [EdBudget]     a The June 2024 budget plan provides nearly $6.2 billion more than the Proposition 98 guarantee in 2022-23. This amount is attributed to 2022-23 for the purpose of calculating the guarantee in future years but accrued to the 2026-27 through 2035-36 fiscal years for state budgeting and accounting purposes.      
https://lao.ca.gov/Education/EdBudget/Details/893

Changes in University of California General Fund Spending [EdBudget]

Jul 25, 2024 - In 2024-25, the backfill was estimated to grow to nearly $13.5 million. c Carryover to extend the encumbrance period for an appropriation made in Chapter 240 of 2021 (SB 170, Skinner). d Represents the third year of a four-year funding plan for the Nutrition Policy Institute.
https://lao.ca.gov/Education/EdBudget/Details/877

Financial Aid Award Amounts [EdBudget]

Jul 16, 2024 - Award amounts for all other students are prorated to keep total program spending at the enacted funding level of $926 million in 2024-25. e The UC Grant may be used for tuition and/or nontuition costs.
https://lao.ca.gov/Education/EdBudget/Details/886

Financial Aid Award Coverage [EdBudget]

Jul 16, 2024 - Available for up to two calendar years. UC Grant Provides tuition and nontuition coverage for UC students. Aid is applied after Cal Grants and federal aid. Available for up to six years of full-time study (or its equivalent).
https://lao.ca.gov/Education/EdBudget/Details/885

Middle Class Scholarship Program [EdBudget]

Jul 16, 2024 - Data for 2023-24 and 2024-25 reflect CSAC estimates adjusted by LAO to align with the enacted spending level. For 2024-25, CSAC assumed no change in offered awardees at the three segments, but an increase in the assumed paid rate at CCC results in a slight increase in CCC recipients. a In addition to undergraduate students at UC and CSU, CCC students in bachelor's degree programs are eligible for awards. b Less than $500,000.
https://lao.ca.gov/Education/EdBudget/Details/884

Cal Grant Recipients [EdBudget]

Jul 16, 2024 - For 2024-25, the enacted budget assumes Cal Grant spending will be $42 million lower than the May Revision estimates. No breakdown is available, however, regarding how that $42 million is spread across recipients.
https://lao.ca.gov/Education/EdBudget/Details/883

U.S. Retail Sales Update: June 2024 [EconTax Blog]

Jul 16, 2024 - Retail Sales Update: June 2024 [EconTax Blog] U.S. Retail Sales Update: June 2024 July 16, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in June 2024 and revised estimates for May 2024.
https://lao.ca.gov/LAOEconTax/article/Detail/808

U.S. Retail Sales Update: June 2024 [EconTax Blog]

Jul 16, 2024 - Retail Sales Update: June 2024 [EconTax Blog] U.S. Retail Sales Update: June 2024 July 16, 2024 Seth Kerstein Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in June 2024 and revised estimates for May 2024.
https://lao.ca.gov/LAOEconTax/Article/Detail/808