The 2025-26 Budget: Update on Implementation of New Firearm and Ammunition Tax

Feb 19, 2025 - Chapter  231 directed the Director of the Department of Finance to transfer $2.4  million from the General Fund to CDTFA as a loan to implement this new tax. Chapter  231 also requires that the loan be repaid with collected excise tax revenues, prior to any of the expenditures from the new GVPSS Fund. 2024-25 Budget Package Specified One-Time Allowable Use of California Department of Education (CDE) 2025-26 Allocation.
https://lao.ca.gov/Publications/Report/4970

The 2025-26 Budget: Judicial Branch

Feb 12, 2025 - The 2018 ‑19 budget included $1.3  billion in lease revenue bond authority backed by the General Fund —rather than the SCFCF —to finance ten previously planned projects. This commitment effectively backfilled the $1.4  billion transferred from the SCFCF to the General Fund to help address the state ’s budget condition between 2009 ‑10 and 2017 ‑18.
https://lao.ca.gov/Publications/Report/4959

The 2025-26 Budget: Department of Justice

Feb 19, 2025 - The budget also included budget bill language authorizing the Department of Finance to transfer additional General Fund to the DNA Identification Fund if revenues deposited into fund decline further and are insufficient to support BFS.
https://lao.ca.gov/Publications/Report/4972

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The 2024 ‑25 budget package assumed that the Department of Finance would reduce state operations expenditures through two unallocated reductions across most state departments. These included (1)  a $1.5  billion ($760  million General Fund) reduction through the permanent and ongoing reduction of 10,000 vacant positions and the associated funding and (2)  a reduction to General Fund operating expenditures of $2.2  billion in 2024 ‑25 and $2.8  billion in 2025 ‑26 and ongoing.
https://lao.ca.gov/Publications/Report/4951