Assessing California’s Climate Policies—Implications for State Transportation Funding and Programs [Publication Details]

Dec 13, 2023 - This report discusses how meeting the state’s greenhouse gas reduction goals will affect existing fuel tax revenues and projects specific impacts on state transportation programs.
https://lao.ca.gov/Publications/Detail/4821

Assessing California’s Climate Policies—Implications for State Transportation Funding and Programs

Dec 13, 2023 - For instance, some counties have voter‑approved sales tax measures that dedicate funding to transportation purposes, such as local streets and roads and/or transit, meaning state funds make up a smaller share of their overall programmatic support budgets.
https://lao.ca.gov/Publications/Report/4821

California Children’s Services (CCS) program. [Ballot]

Dec 12, 2023 - For example, the state could not use county funds to support the financial assistance program or the increased payments to providers. The state also could not support the measure ’s costs using money from a state tax on health insurance plans known as the managed care organization tax.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-029

The 2024-25 Budget: Medi-Cal Fiscal Outlook [Publication Details]

Dec 7, 2023 - This post provides our annual fiscal outlook for General Fund spending in Medi-Cal. It summarizes our projections, describes the major factors driving our projections, and highlights key uncertainties.
https://lao.ca.gov/Publications/Detail/4820

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - The state also limited businesses from claiming more than $5  million in tax credits. The  state also has increased broad ‑based taxes on  a temporary and permanent basis in similar revenue downturns.
https://lao.ca.gov/Publications/Report/4819

The 2024-25 Budget: Medi-Cal Fiscal Outlook

Dec 7, 2023 - This change restarted monthly county eligibility redeterminations beginning April 1, 2023, with the first enrollment terminations beginning July 1, 2023. These redeterminations are expected to decrease Medi-Cal caseload and General Fund spending during 2023-24.
https://lao.ca.gov/Publications/Report/4820

High-quality public schools. [Ballot]

Dec 6, 2023 - The public school system consists primarily of school districts and charter schools, as well as a small number of schools operated by county offices of education and a few schools operated directly by the state.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-028

Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/Article/Detail/790

Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/790

The 2023-24 California Spending Plan: Proposition 98 and K-12 Education

Nov 28, 2023 - The budget provides $632,000 to offset reductions in property tax revenue experienced by basic aid school districts affected by the Kincade Fire, a wildfire that burned in Sonoma County in the fall of 2019.
https://lao.ca.gov/Publications/Report/4818