The 2021-22 Budget: Overview of the Governor's Budget

Jan 10, 2021 - When the state created the requirement for supplemental payments, it had anticipated a steep drop in the minimum guarantee that would affect school and community college funding for several years. The supplemental payments were intended to accelerate the recovery from this drop, with payments growing from $2.3  billion in 2021 ‑22 to more than $6  billion by 2024 ‑25.
https://lao.ca.gov/Publications/Report/4309

Update on COVID-19 Spending in California

Nov 5, 2020 - The administration notified the JLBC of two DREOA of transfers related to COVID-19: $1.3  billion on March  25 and $1.8  billion on May 21. These funds are now available for emergency response activities.
https://lao.ca.gov/Publications/Report/4292

The 2020-21 Spending Plan: Housing and Homelessness

Oct 8, 2020 - This action authorizes an additional year of the tax credit that was originally provided in 2019 ‑20 for 2020 ‑21. This additional tax expenditure brings total credits to $1  billion across the past two years.
https://lao.ca.gov/Publications/Report/4278

The 2020-21 Spending Plan — Other Provisions

Oct 7, 2020 - Additionally, Chapter  359 increases the fees paid by certain DCA licensees to support CURES from $6 to $11 for a two-year period —April 1, 2021 through April 2, 2023. After this period, the fee for each licensee would be $9 on an ongoing basis.
https://lao.ca.gov/Publications/Report/4277

The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank

Oct 5, 2020 - The budget package includes $25  million for IBank to increase the amount of capital available to CDFIs. This money will enable these lenders to make additional loans to small businesses affected by the COVID-19 recession in underbanked communities.
https://lao.ca.gov/Publications/Report/4271

Judicial Branch Actions Responding to COVID-19

May 6, 2020 - (Existing law generally requires local rules to go into effect on January  1 or July 1 of each year and only after 45 days of public comment have occurred.) The rules must be posted prominently on the court ’s website and must be distributed to relevant stakeholders.
https://lao.ca.gov/Publications/Report/4227

Federal COVID-19-Related Funding to California

Apr 28, 2020 - The first section describes funding allocated to public entities in the state, for example, the state government, local governments, other public entities like school districts and tribal governments.
https://lao.ca.gov/Publications/Report/4226

An Overview of Federal Higher Education Relief

Apr 28, 2020 - Specifically, 75  percent is allocated based on the number of full-time equivalent undergraduate students receiving Pell Grants and 25  percent is allocated based on the number of full-time equivalent undergraduate and graduate students not receiving Pell Grants.
https://lao.ca.gov/Publications/Report/4225

Broad-Based Cash Assistance in COVID-19 Recovery Actions

Apr 3, 2020 - Expected to Provide Roughly $25  Billion to Californians. Using tax data from 2017 (the latest available, although not perfectly representative of 2018 and 2019 returns), we roughly estimate about 14  million California households (or about 85  percent of all tax filers) will be eligible to receive a total of about $25 ‑30  billion in direct cash assistance from the CARES Act.
https://lao.ca.gov/Publications/Report/4214

Federal Assistance for Businesses Affected by COVID-19

Apr 3, 2020 - By the end of the year, the Fed had outstanding loans under these programs of only $41.1  billion. In December 2020, H.R. 133 ended the emergency lending programs and reduced the total amount of funding in support of the outstanding loans to $25  billion.
https://lao.ca.gov/Publications/Report/4215