The 2024-25 Budget: IS and IT Project Proposal Tables

Feb 9, 2024 - IT = information technology; CDT = California Department of Technology; TF = total funds; GF = General Fund; OF = other funds; EDD  =  Employment  Development Department; CalSTRS = State Teachers ’ Retirement System; PSP = Pension Solution Project; N/A = not applicable; CalHHS  =  California Health and Human Services Agency; DSS = Department of Social Services; CWS ‑CARES = Child Welfare Services
https://lao.ca.gov/Publications/Report/4836

Medi-Cal Rx program and revenues from federal drug price discounts. [Ballot]

Oct 19, 2023 - This result could have fiscal implications for state tax proceeds, Medi-Cal, or other state and local government programs. The impact would depend on many factors, including which entities lose their state tax-exempt status and licenses.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-021

Cannabis Tax Revenue Update [EconTax Blog]

Aug 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/781

Cannabis Tax Revenue Update [EconTax Blog]

Aug 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/781

The 2023-24 Budget: Analysis of the Governor’s Major Behavioral Health Proposals

Feb 16, 2023 - County Participation Unclear. Receiving a waiver for expanded use of IMD treatment would reduce county behavioral health costs by drawing down additional federal funds. Given the requirements on counties to implement the demonstration project, however, whether there would be a net fiscal benefit is uncertain.
https://lao.ca.gov/Publications/Report/4689

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Monthly Tax Collections Falling Short of Governor ’s Budget. Through April, income tax collections have fallen about $3.5 billion short of Governor ’s Budget projections. Similarly, corporation tax collections are down almost $2 billion.
https://lao.ca.gov/LAOEconTax/Article/Detail/777

Updated "Big Three" Revenue Outlook [EconTax Blog]

Aug 21, 2023 - Monthly Tax Collections Falling Short of Governor ’s Budget. Through April, income tax collections have fallen about $3.5 billion short of Governor ’s Budget projections. Similarly, corporation tax collections are down almost $2 billion.
https://lao.ca.gov/LAOEconTax/article/Detail/777

Proposed statutory initiative related to the cultivation, sale, and use of cannabis. [Ballot]

Oct 8, 2019 - The proposition also exc luded medical cannabis sales (with a valid state identification card) from state and local sales taxes. Authorized Local Governments to Regulate and Tax Cannabis Businesses. Proposition  64 provided cities and counties authority to restrict and regulate cannabis businesses located within their jurisdictions, including allowing them to limit the locations of these businesses or ban them altogether.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-010

Proposed statutory initiative related to the cultivation, sale, and use of cannabis. [Ballot]

Oct 8, 2019 - The proposition also exc luded medical cannabis sales (with a valid state identification card) from state and local sales taxes. Authorized Local Governments to Regulate and Tax Cannabis Businesses. Proposition  64 provided cities and counties authority to restrict and regulate cannabis businesses located within their jurisdictions, including allowing them to limit the locations of these businesses or ban them altogether.
https://lao.ca.gov/BallotAnalysis/Initiative/2019-011

The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - The changes are intended to simplify the form by reducing the number of questions students and families need to answer and transferring data directly from their previous tax filings. After a one ‑year delay in the original launch date, the revised FAFSA is now in the midst of being implemented across the nation for the first time.
https://lao.ca.gov/Publications/Report/4865