Financial Aid Award Coverage [EdBudget]

Aug 31, 2023 - 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/741

Changes in California Student Aid Commission General Fund Spending [EdBudget]

Aug 31, 2023 - The 2023-24 budget agreement indicates intent to provide $289 million one time in 2024-25. d The 2021‑22 Budget Act appropriated $500 million to be spent annually from 2021‑22 through 2025‑26. Amount shown reflects anticipated spending in year three.
https://lao.ca.gov/Education/EdBudget/Details/737

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - The administration currently estimates that retail excise tax revenue was $157 million in the second quarter of calendar year 2023 (April through June). The revised estimate for the first quarter of 2023 (January through March) is now $129 million, substantially higher than the $104 million preliminary estimate announced in May.
https://lao.ca.gov/LAOEconTax/article/Detail/781

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - The administration currently estimates that retail excise tax revenue was $157 million in the second quarter of calendar year 2023 (April through June). The revised estimate for the first quarter of 2023 (January through March) is now $129 million, substantially higher than the $104 million preliminary estimate announced in May.
https://lao.ca.gov/LAOEconTax/Article/Detail/781

High-quality public schools (Version 1). [Ballot]

Aug 30, 2023 - Background State Required to Provide a Public School System . The California Constitution requires the state to organize and fund a system of public schools that operates at least six months per year.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-009

High-quality public schools (Version 2). [Ballot]

Aug 30, 2023 - Background State Required to Provide a Public School System . The California Constitution requires the state to organize and fund a system of public schools that operates at least six months per year.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-010

Renewable energy (Amendment #1). [Ballot]

Aug 22, 2023 - In recent years, the state has experienced a number of severe wildfires ignited by infrastructure owned by regula ted LSEs. In addition to additional costs for IOU ratepayers, these fires have resulted in significant response and recovery costs for the state, impacted local governments, and owners of damaged properties.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-008

Landfills. [Ballot]

Aug 22, 2023 - The measure requires CalRecycle to use the funding it receives from landfills and NGD Consortium as follows: (1)  50  percent to establish individual custodial accounts for students to use on higher education costs and (2)  50  percent to support public schools (defined by the measure as school districts, charter schools, and students who are home schooled).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-006

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Our forecast has revenues ending the current year (2024-25) up almost 20 percent from two years ago, considerably above the average two-year growth rate of 13 percent. Surging income tax collections underlie this growth.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Our forecast has revenues ending the current year (2024-25) up almost 20 percent from two years ago, considerably above the average two-year growth rate of 13 percent. Surging income tax collections underlie this growth.
https://lao.ca.gov/LAOEconTax/article/Detail/777