The 2023-24 Budget: Child Care Proposals

Feb 9, 2023 - As a result, many GCC providers have not been able to draw down all of the funding needed to begin to fill the new slots. We are working with DSS to identify the exact number of contracts still pending and how long it will take to finalize these contracts.
https://lao.ca.gov/Publications/Report/4672

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - The  key item in this category is a proposal for the state to reauthorize a tax on managed care organizations that draws down additional federal funds and offsets costs in Medi ‑Cal. While the fiscal impact of this reauthorization would be small in the budget window —an estimated $300  million in 2023 ‑ 24 —the effect would be much larger in future years, rising to roughly $2  billion in General Fund savings as early as 2024 ‑25.
https://lao.ca.gov/Publications/Report/4662

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Since 2016 ‑17, the state has imposed a tax on MCOs that —when combined with a package of associated tax changes —generates a net General Fund benefit of over $ 1  b illion by drawing on additional federal funds.
https://lao.ca.gov/Publications/Report/3916

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - (Under the complicated constitutional rules under Proposition  2, the state must also draw down the balance of the BSA for 2018 ‑19 and 2019 ‑20 due to lower estimated capital gains revenues. The net effect is a $1. 5  b illion increase in BSA relative to the enacted 2019 ‑20 amount.) $1.6   Billion in the Special Fund for Economic Uncertainties (SFEU).
https://lao.ca.gov/Publications/Report/4135