Annual Report on Tax Exemptions for Medicinal Cannabis

Jun 24, 2022 - In particular, the data reflect transactions that businesses identified as medicinal donations in calendar year 2021. Number of Patients Served. In 2021, licensees identified 41,775 transactions as medicinal donations.
https://lao.ca.gov/Publications/Report/4608

MOU Fiscal Analysis: Bargaining Unit 13 (Stationary Engineers)

Jun 24, 2022 - Provides Employees Payments Totaling Up to $3, 000 —If Employed Through August 2024. The agreement would provide four payments, each up to $750, over the course of the term of the agreement. The payments would be made in January 2023, August 2023, January 2024, and August 2024.
https://lao.ca.gov/Publications/Report/4607

May 2022 Jobs Report [EconTax Blog]

Jun 20, 2022 - California businesses added 42,900 net jobs in May (seasonally adjusted), about the same as April and another month of slower job growth than seen in the past year.
https://lao.ca.gov/LAOEconTax/Article/Detail/740

Changes in University of California General Fund Spending [EdBudget]

Jun 10, 2022 - These amounts are embedded in the restoration and base augmentation totals. c Makes one-time General Fund support provided in previous years ongoing. d Budget does not list specific projects at specific campuses. e Component of the California Institute on Law, Neuroscience, and Education, which is established as part of the California Bench to School Initiative.
https://lao.ca.gov/Education/EdBudget/Details/533

Cannabis Tax Revenue Update [EconTax Blog]

May 26, 2022 - Revenues Flat Over Last Year and a Half. California started issuing licenses and collecting tax revenues from adult-use cannabis businesses in January 2018. As shown in the figure below, state cannabis tax revenues grew very rapidly through the first quarter of the 2020-21 fiscal year (July through September 2020).
https://lao.ca.gov/LAOEconTax/Article/Detail/738

The 2022-23 Budget: Multiyear Budget Outlook

May 24, 2022 - Under our estimates of revenue and spending in the out ‑years, the state would have a very narrow operating deficit in 2023 ‑24, a  small operating surplus in 2024 ‑25, and a larger operating deficit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4602

California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision [EdBudget]

May 18, 2022 - Amount shown reflects anticipated spending in year two. 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/616

The 2022-23 Budget: May Revenue Outlook [EconTax Blog]

May 16, 2022 - While the net effect of these elective payments on state tax revenues is relatively minor, timing issues related to the elective tax result in year-to-year fluctuations in tax collections. The elective tax collections in each fiscal year span two tax years.
https://lao.ca.gov/LAOEconTax/Article/Detail/735

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - Districts currently set aside approximately $2.2 billion per year related to this requirement. These funds meet the definition of capital outlay for SAL purposes, and so the administration’s SAL calculations propose school districts exclude this spending from their limits.
https://lao.ca.gov/Publications/Report/4598

The 2022-23 Budget: Vote by Mail Ballots: Prepaid Postage

May 13, 2022 - Cities, special districts, and schools pay for a share of elections costs, often as a reimbursement to their county based on the proportion of the ballot dedicated to the local governments ’ candidates and issues.
https://lao.ca.gov/Publications/Report/4596