Cannabis Tax Revenue Update [EconTax Blog]

Aug 22, 2022 - The administration currently estimates that retail excise tax revenue was $141 million and cultivation tax revenue was $26 million in the fourth quarter of fiscal year 2021-22 (April through June). Revenues Declining.
https://lao.ca.gov/LAOEconTax/Article/Detail/751

Districts' Pension Contribution Rates and Amounts [EdBudget]

Aug 18, 2022 - Rates and amounts for subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Total contribution amounts are LAO estimates based on creditable compensation.
https://lao.ca.gov/Education/EdBudget/Details/651

Contributions to CalSTRS [EdBudget]

Aug 18, 2022 - Rates and amounts for subsequent years will be updated based on actual teacher payroll and investment returns, among other factors. b Reflects effective rates for school districts and community college districts.
https://lao.ca.gov/Education/EdBudget/Details/650

K-12 Funding by Source [EdBudget]

Aug 17, 2022 - K-12 Funding by Source [EdBudget]     a Consists primarily of state pension payments on behalf of districts, state debt service on school facility bonds, non-Proposition 98 funding for the California State Preschool Program, and operational expenses of the California Department of Education. b Excludes funding for child care programs administered by the California Department of
https://lao.ca.gov/Education/EdBudget/Details/661

2022-23 Changes in Proposition 98 Spending [EdBudget]

Aug 17, 2022 - 2022-23 Changes in Proposition 98 Spending [EdBudget] 2022-23 Enacted Proposition 98 Spending Level $110,354 a Applies to the Foster Youth Program, American Indian Early Childhood Education, Special Education, Preschool, Child Nutrition, and K-12 mandates block grant. b Backfills rate increase for After School Education and Safety Program and 21st Century Community Learning
https://lao.ca.gov/Education/EdBudget/Details/663

IRS Migration Data Shows Increased Movement in 2020 [EconTax Blog]

Aug 16, 2022 - IRS Migration Data Shows Increased Movement in 2020 [EconTax Blog] IRS Migration Data Shows Increased Movement in 2020 August 16, 2022 Brian Uhler For many years, California has lost some taxpayers each year due to migration to other states.
https://lao.ca.gov/LAOEconTax/Article/Detail/747

Financial Aid Award Amounts [EdBudget]

Aug 16, 2022 - WASC = Western Association of Schools and Colleges. CSU = California State University. BOG = Board of Governors. CCC = California Community Colleges. Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/647

Financial Aid Award Coverage [EdBudget]

Aug 16, 2022 - 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 Pell Grants). Available for up to six years of full-time study (or its equivalent).
https://lao.ca.gov/Education/EdBudget/Details/646

Middle Class Scholarship Program [EdBudget]

Aug 16, 2022 - In 2021-22, award amounts were prorated to keep total program spending below the statutory limit of $117 million in effect that year. For 2022-23, award amounts will be based on the total cost of attendance minus the sum of other available gift aid, a student contribution from part-time work earnings, and a parent contribution for dependent students with a household income of over $100,000.
https://lao.ca.gov/Education/EdBudget/Details/645

MOU Fiscal Analysis: Bargaining Unit 18

Aug 12, 2022 - Increased Pay for Top of Salary Ranges in 2023-24 and 2024-25. Effective July 1 in 2023 and again in 2024, Unit 18 members who are at the top step of their salary ranges would receive a 4  percent pay increase.
https://lao.ca.gov/Publications/Report/4617