Rethinking California's Reserve Policy

Apr 10, 2025 - The  Safety Net Reserve initially received a deposit of $200  million and the balance of the fund eventually grew to a $900  million. Yet Further Improvements Are Warranted Proposition   2 Only Allows the State to Cover About One ‑Third of Funding Shortfalls.
https://lao.ca.gov/Publications/Report/5028

Overview of K-12 Career Technical Education

Mar 25, 2025 - In 2022 ‑23, the state provided $200  million for a competitive grant program aimed at increasing programs that provide high school students with access to college level courses. Of this amount, $100  million was available for grants of up to $250,000 to plan and start up middle and early college high schools on K ‑12 school sites.
https://lao.ca.gov/Publications/Report/5021

The 2025-26 Budget: California’s Film Tax Credit

Feb 28, 2025 - The annual amount of credit claims per year has settled in the range of $150  million to $200  million for the last several years. Claims were lower in the first several years of the program because (1)  the amount of credits available was lower and (2)  credit claims often lag behind the initial award as taxpayers can carry forward credits if they do not have sufficient tax liability in that year.
https://lao.ca.gov/Publications/Report/5000

The 2025-26 Budget: Food Assistance Programs

Feb 19, 2025 - To be eligible, households generally must earn less than 200  percent of the federal poverty level. CalFresh benefits can be used to buy most groceries and some prepared food at participating vendors, which include most grocery and convenience stores.
https://lao.ca.gov/Publications/Report/4971

The 2025-26 Budget: State Departments’ Operational Efficiencies (Control Sections 4.05 and 4.12)

Feb 19, 2025 - As we discussed in our March 2024 analysis , May 2024 analysis , and part of our 2024-25 spending plan series , the budget assumed that these two exercises combined would (1) result in General Fund savings totaling $2.9 billion ($200 million of which was assumed from the universities) in 2024-25 and $3.6 billion ($774 million of which was assumed from the universities) in 2025-26 and ongoing and (2) reduce the number of vacant positions by about 10,000.
https://lao.ca.gov/Publications/Report/4975

The 2025-26 Budget: CalWORKs

Feb 19, 2025 - LAO Assessment Over $200  Million in Additional Eligibility and Administration Component Funding Would Likely Be Needed to Incorporate Findings in 2025-26. We estimate updating the eligibility and administration component methodology to reflect updated eligibility worker rates and to account for changes in the number of CalWORKs applications submitted would require an increase of
https://lao.ca.gov/Publications/Report/4969

The 2025-26 Budget: Transitional Kindergarten

Feb 18, 2025 - In 2021 ‑22, the state provided $200  million Proposition  98 General Fund to all local education agencies (LEAs) —districts, charter schools, and county offices of education —that operate kindergarten programs.
https://lao.ca.gov/Publications/Report/4968

The 2025-26 Budget: Cap-and-Trade Expenditure Plan

Feb 12, 2025 - Specifically, we estimate that if the allowance prices seen at the past two auctions persist throughout 2025 ‑26, in adopting the final budget plan the Legislature and Governor would need to reduce the Governor ’s proposed 2025 ‑26 expenditures by nearly $200  million to prevent a negative fund balance for GGRF at the end of the fiscal year.
https://lao.ca.gov/Publications/Report/4960

January 2025 Los Angeles Wildfires Impact on Local Property Tax Revenues [EconTax Blog]

Feb 10, 2025 - We estimate that this executive order affects 218,000 parcels with over $200 billion in assessed value.  
https://lao.ca.gov/LAOEconTax/Article/Detail/819

Frequently Asked Questions About Wildfires in California

Jan 28, 2025 - (These totals incorporate a modest reduction of roughly $200  million compared to initial plans for the wildfire resilience budget packages due to a decline in the state ’s fiscal condition.) The Figure summarizes these funding commitments.
https://lao.ca.gov/Publications/Report/4952