The 2024-25 Budget: The MCO Tax Package at May Revision

May 22, 2024 - Historically, the state has used the MCO tax to help pay for existing services in Medi-Cal. Using the tax in this way allowed the state to spend less money from the General Fund on Medi-Cal. When the Legislature notably increased the tax in 2023, however, it designated some of the associated revenue to increase funding for Medi-Cal and other health programs.
https://lao.ca.gov/Publications/Report/4905

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - The State Constitution ’s balanced budget provision prohibits the state from enacting a negative SFEU balance for the upcoming fiscal year, in this case, 2024-25. While historically the state mostly has enacted SFEU balances between $1  billion and $4  billion, the Legislature can choose to set the balance at any level above zero.
https://lao.ca.gov/Publications/Report/4902

May Revision Proposes to Reduce UC Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]

May 17, 2024 - May Revision Proposes to Reduce UC Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]        a The May Revision proposes a 7.95 percent reduction to state operations for most state departments.
https://lao.ca.gov/Education/EdBudget/Details/861

Proposition 98 Funding Changes by Segment and Source [EdBudget]

May 17, 2024 - Proposition 98 Funding Changes by Segment and Source [EdBudget]     a Includes the portion of State Preschool funded through Proposition 98 and direct instructional services provided by state agencies. b Reflects the size of the deposit (+) or withdrawal (-) from the Proposition 98 Reserve established by Proposition 2 (2014).
https://lao.ca.gov/Education/EdBudget/Details/847

California's Education System: A 2019 Guide [Publication Details]

Feb 6, 2019 - As you journey through the report, you will be exposed to information on everything from student diversity and achievement gaps, to student aid and borrowing, to faculty salaries and rising pension costs, to the requirements for becoming a teacher or doctor in California.
https://lao.ca.gov/Publications/Detail/3924

May Revision Proposes to Increase CLSF Funding in 2024-25, Just to Reduce by a Similar Amount in 2025-26 [EdBudget]

May 17, 2024 - For 2025-26, we assume the amount of lease revenue debt service remains the same as in 2024-25. b The May Revision proposes a 7.95 percent reduction to state operations for most state departments in 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/863

The 2020-21 Budget: Proposition 98 Education Analysis [Publication Details]

Feb 24, 2020 - Although the Legislature has various options for providing fiscal relief, we think making additional payments toward districts’ unfunded pension liabilities would offer the greatest fiscal benefit. Paying down these liabilities would improve the funding status of the pension systems and likely reduce district costs over time.
https://lao.ca.gov/Publications/Detail/4174

The 2024-25 Budget: Preliminary May Revision Analysis for CalWORKs

May 29, 2024 - To receive its annual TANF grant, the state must spend a maintenance-of-effort (MOE) amount from state and local funds to provide services for families eligible for CalWORKs. This MOE amount is approximately $3  billion annually and can be spent directly on CalWORKs or other programs that meet federal requirements.
https://lao.ca.gov/Publications/Report/4911

May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]

May 17, 2024 - May Revision Proposes to Reduce CSU Funding in 2024-25, Approach for 2025-26 Is Needlessly Complex [EdBudget]   a Reflects CSU's main budget appropriation, excluding retiree health benefits and certain CalPERS cost adjustments. b The May Revision proposes a 7.95 percent reduction to state operations for most state departments.
https://lao.ca.gov/Education/EdBudget/Details/862

Proposition 98 Key Inputs and Outcomes Under May Revision [EdBudget]

May 17, 2024 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656 | information [at] lao.ca.gov
https://lao.ca.gov/Education/EdBudget/Details/848