The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - The maintenance payment ($103.7  million) reflects a roughly $20.1  million reduction (16  percent) from the amount counties received in 2023-24 when the formula was placed on hold. In 2023-24, each county received their highest SB  678 grant award from the prior three fiscal years (2018-19, 2019-20, or 2020-21) due to concerns that grant awards would fluctuate for reasons unrelated to performance.
https://lao.ca.gov/Publications/Report/5031

Rethinking California's Reserve Policy

Apr 10, 2025 - Further, since 2023‑24, the Legislature has addressed $82 billion in budget problems (with more in deficits likely to emerge in the coming years), but at its largest, the BSA balance reached only $23 billion.
https://lao.ca.gov/Publications/Report/5028

Improving Legislative Oversight of Emergency Authorities

Apr 10, 2025 - For example, in March  2023, Governor Newsom issued an executive order waiving statute to ease access to unemployment benefits for people unemployed as a result of severe winter storms that struck the state in February 2023.
https://lao.ca.gov/Publications/Report/5029

The 2025-26 Budget: Medi-Cal Pharmacy Spending

Apr 3, 2025 - In 2023 ‑24, we estimate these rebates comprised 3  percent of gross spending, up from as low as 1  percent in some years. This increase was expected following the switch to the Medi ‑Cal Rx system in 2022.
https://lao.ca.gov/Publications/Report/5026

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Chapter  792 of 2023 (AB  39, Grayson) requires DFPI to regulate crypto assets (which are sometimes referred to as cryptocurrencies, virtual currencies, or digital financial assets). Chapter  781 of 2023 (SB  401, Lim ón) requires DFPI to regulate digital financial asset transaction kiosks.
https://lao.ca.gov/Publications/Report/5025

Child Care Budget [EdBudget]

Apr 1, 2025 - Child Care Budget [EdBudget] a Reflects 2024-25 May Revision estimates with LAO adjustments. b Reflects 2025-26 Governor's Budget. c Does not include $11.2 million provided to community colleges for certain child care services. d Includes funding for family child care home education networks. e Includes cost estimates for quality programs, child care infrastructure, Child and Adult Care Food
https://lao.ca.gov/Education/EdBudget/Details/945

The 2025-26 Budget: Child Care and State Preschool

Mar 28, 2025 - As part of the 2023 collectively bargained early education and parity agreement, the state did not apply the COLAs for 2023 ‑24 and 2024 ‑25. Instead, the amount that would have been required to fund the 2023 ‑24 COLA over the next two years was used to fund the agreement.
https://lao.ca.gov/Publications/Report/5024

Overview of K-12 Career Technical Education

Mar 25, 2025 - In 2023 ‑24, 132 grantees (school districts, charter schools, COEs, and ROCPs) received funding from both CTEIG and K ‑12 SWP. This represents 71  percent of the K ‑12 SWP grantees and 32  percent of CTEIG grantees.
https://lao.ca.gov/Publications/Report/5021

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - The figure below compares the preliminary, monthly estimates of job growth between September 2023 and September 2024 to reviseed actual job growth as reported by the Bureau of Labor Statistics earlier this week.
https://lao.ca.gov/LAOEconTax/Article/Detail/825

Annual Revision to Monthly Jobs Survey Shows Far Fewer Job Gains in 2024 [EconTax Blog]

Mar 21, 2025 - The figure below compares the preliminary, monthly estimates of job growth between September 2023 and September 2024 to reviseed actual job growth as reported by the Bureau of Labor Statistics earlier this week.
https://lao.ca.gov/LAOEconTax/article/Detail/825