The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Second, SIB provides a deposit of $500 to first graders who are low income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are experiencing homelessness (for a maximum deposit of $1,500).
https://lao.ca.gov/Publications/Report/5035

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - Most of the original $500  million appropriation was unspent as of June 2024 and the state reverted the remaining funds to help address its budget deficit. Financial Literacy Outreach Program Is Discontinued.
https://lao.ca.gov/Publications/Report/4926

The 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - Under the second component of the CalKIDS program, SIB is to provide a deposit of $500 to each first grader who is low-income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are homeless, leading to a maximum deposit of $1,500.
https://lao.ca.gov/Publications/Report/4731

The 2023-24 Budget: Student Housing

Mar 9, 2023 - Together, these projects are requesting a total of $280 million in state grant funding (less than the $500 million available under the Governor’s budget). (Approving the UC San Diego project, however, would put UC above its statutory program funding cap.)
https://lao.ca.gov/Publications/Report/4733

The 2021-22 Spending Plan: Higher Education

Oct 11, 2021 - Students who are foster youth or homeless receive an additional $500 college savings account deposit (for a maximum deposit of $1,500). In 2021 ‑22, Low-Income Students in Grades 1 Through 12 Get $500 Special Deposits.
https://lao.ca.gov/Publications/Report/4461

The 2022-23 California Spending Plan: Higher Education

Oct 4, 2022 - Consistent with the 2021-22 budget agreement, the 2022-23 budget provides $170  million ongoing General Fund to SIB to add at least $500 to the college savings account of each low-income first grader (as identified under LCFF).
https://lao.ca.gov/Publications/Report/4632

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - The eligibility criteria and award amounts will be the same as for public school students in 2021 ‑ 22 —meaning each low ‑income first grader will receive a deposit of $500, and first graders who are foster youth or homeless will receive additional $500 deposits.
https://lao.ca.gov/Publications/Report/4548

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - We only plan to update this figure for very significant changes (that is, those greater than $500 million). CDPH = California Department of Public Health; COVID ‑19 = coronavirus disease 2019; CHHS = California Health and Human Services Agency; HHS = Health and Human Services; GARE = Government Alliance on Race and Equity; EMSA = Emergency Medical Services Authority; CalAIM =
https://lao.ca.gov/Publications/Report/4432/2

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - We only plan to update this figure for very significant changes (that is, those greater than $500 million). ADRC = Aging and Disability Resources Centers; Cal ‑OAR = CalWORKs Outcomes and Accountability Review; IT = information technology; FFPSA = Federal Family First Prevention Services Act; DCSD = Department of Community Services and Development; DDS = Department of
https://lao.ca.gov/Publications/Report/4432/5

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - We only plan to update this figure for very significant changes (that is, those greater than $500 million). CAC = California Arts Council; CalVet = California Department of Veterans Affairs; CDE = California Department of Education; CDFA = California Department of Food and Agriculture; CDI = California Department of Insurance; CDT = California Department of Technology; SOC =
https://lao.ca.gov/Publications/Report/4432/6