The 2023-24 California Spending Plan: Transportation

Oct 16, 2023 - In order to receive funding in 2024-25, agencies must submit short-term financial plans to CalSTA by December 31, 2025. In addition, agencies must submit long-term financial plans to CalSTA by June 26, 2026.
https://lao.ca.gov/Publications/Report/4804

Changes in University of California General Fund Spending [EdBudget]

Feb 16, 2023 - Changes in University of California General Fund Spending [EdBudget]     a The state originally scheduled $200 million in 2022-23, $200 million in 2023-24, and $100 million in 2024-25 for this project.
https://lao.ca.gov/Education/EdBudget/Details/688

New Higher Education Reporting Requirements [EdBudget]

Oct 3, 2022 - The budget package contains trigger language that prioritizes funding for Cal Grant reform in 2024-25 if sufficient General Fund is available over a multiyear period. c Language specifies that the CCC Chancellor's Office shall conduct the study but contains no requirement the study be shared with the Legislature.
https://lao.ca.gov/Education/EdBudget/Details/622

The 2022-23 Budget: K-12 Early Literacy Proposals

Feb 15, 2022 - These LEAs also disproportionally benefited from the more than $20  billion in one ‑time federal funding provided over the last two years. This funding can be used for similar purposes, with most funding available through September 30, 2024.
https://lao.ca.gov/Publications/Report/4539

The 2021-22 Budget: Medi-Cal Fiscal Outlook

Nov 18, 2020 - This results in significant year ‑over ‑year General Fund savings from 2022 ‑ 23 t o 2024 ‑25. Overall, we project caseload will decline by 5  p ercent annually from a high of 14. 8  m illion in 2021 ‑ 22 t o 12. 6  m illion in 2024 ‑25.
https://lao.ca.gov/Publications/Report/4299

46 Higher Education Capital Projects Approved for Debt Financing in 2023-24 [EdBudget]

Sep 14, 2023 - Community colleges may issue local revenue bonds or wait for a state financing alternative to be developed next year as part of the 2024-25 budget process. All of the projects listed were shifted from cash to debt financing as part of the 2023-24 budget process, with the exception of the CSU Chico Human Identification Lab and CSU San Bernardino
https://lao.ca.gov/Education/EdBudget/Details/794

Income Tax Withholding Tracker [EconTax Blog]

Oct 4, 2022 - Monthly PIT withholding for May came in $1.2 billion  (17 percent) above projections included in 2024-25 Governor 's May Revision . Overall, PIT withholding is running about 6 percent above last year.  
https://lao.ca.gov/LAOEconTax/Article/Detail/756

Income Tax Withholding Tracker [EconTax Blog]

Oct 4, 2022 - Monthly PIT withholding for May came in $1.2 billion  (17 percent) above projections included in 2024-25 Governor 's May Revision . Overall, PIT withholding is running about 6 percent above last year.  
https://lao.ca.gov/LAOEconTax/article/Detail/756

Child Care Budget [EdBudget]

Jan 17, 2024 - Child Care Budget [EdBudget] a Reflects 2023-24 May Revision estimates with LAO adjustments. b Reflects 2024-25 Governor's Budget. c Does not include $11.2 million provided to community colleges for certain child care services. d Includes family child care home education networks. e Less than $100,000. f Includes cost estimates for quality programs, child care
https://lao.ca.gov/Education/EdBudget/Details/834

Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - The administration currently estimates that retail excise tax revenue was $157 million in the third quarter of calendar year 2023 (July through September). The revised estimate for the second quarter of 2023 (April through June) is now $165 million, up 5 percent from the $157 million preliminary estimate announced in August.
https://lao.ca.gov/LAOEconTax/article/Detail/790