The 2025-26 Budget: State Mandates—Regional Water Quality Control Boards

May 30, 2025 - CSM has identified four new state-reimbursable mandates since enactment of the 2024-25 Budget Act . All four concern municipal stormwater permits issued by regional water quality control boards and costs incurred by local governments prior to 2018.
https://lao.ca.gov/Publications/Report/5054

The 2025-26 Budget: May Revision Trailer Bill Proposals on the Delta Conveyance Project and Water Quality Control Plans

May 27, 2025 - In March  2024, the superior court denied the petitioners ’ combined 116 claims, ruling that SWRCB had complied with CEQA, the public trust doctrine, and other legal obligations. Another source of delay has been consideration of VAs.
https://lao.ca.gov/Publications/Report/5053

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - As Chapter 231 went through the legislative policy process, the administration preliminarily estimated that the new firearm and ammunition excise tax would raise $159 million in 2024-25. In May 2024, the administration revised its estimate to $103 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/830

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - As Chapter 231 went through the legislative policy process, the administration preliminarily estimated that the new firearm and ammunition excise tax would raise $159 million in 2024-25. In May 2024, the administration revised its estimate to $103 million.
https://lao.ca.gov/LAOEconTax/article/Detail/830

Changes to CSU's Base Funding Over Next Three Years [EdBudget]

May 19, 2025 - A new governor will take office in 2027-28. a Reflects a deferred Year 4 base increase of $252 million and a Year 5 base increase of $265 million. b Reflects restoration of $75 million one-time reduction applied in 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/971

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - As highlighted in an October 2024 report by the HSRA OIG, HSRA needs to secure funds to meet most of its identified funding gap for the Merced-to-Bakersfield portion of the project before June 2026 to avoid negative impacts on its schedule.
https://lao.ca.gov/Publications/Report/5049

Proposed Changes in UC's Base Funding [EdBudget]

May 18, 2025 - A new governor will take office in 2027-28. a Reflects a deferred Year 4 base increase of $241 million and a Year 5 base increase of $254 million. b Reflects a deferred Year 4 increase of $31 million and a Year 5 increase of $30 million. c Reflects various small ongoing and one-time adjustments. d Reflects the restoration of a $125 million one-time reduction applied in 2024-25,
https://lao.ca.gov/Education/EdBudget/Details/970

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

May 18, 2025 - California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision [EdBudget] $215 a Adjustments are relative to 2024-25 spending as reflected in Governor's January budget. b Though the budget plan included $527 million for the program, CSAC anticipated spending $519 million.
https://lao.ca.gov/Education/EdBudget/Details/958

Comparing Middle Class Scholarships at Governor's Budget and May Revision [EdBudget]

May 18, 2025 - Comparing Middle Class Scholarships at Governor's Budget and May Revision [EdBudget] 77 Note: Data for 2024-25 and 2025-26 are estimates. a Though the budget plan included $527 million for the program, CSAC anticipated spending $519 million in 2025-26 under its October 2024 estimates.
https://lao.ca.gov/Education/EdBudget/Details/973

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - In June 2024, the Legislature not only addressed the 2024 ‑25 budget problem, but also took proactive steps to mitigate the anticipated 2025 ‑26 budget challenge. The June 2024 budget package included $28  billion in budget solutions for 2025 ‑26, although savings from some of these actions have since diminished.
https://lao.ca.gov/Publications/Report/5044