Despite Fiscal Forecasting Uncertainties, Multiyear Budget Planning Essential [Publication Details]

May 27, 2021 - This manifests in operating deficits that persist through the outlook horizon (2024‑25). Adopting a budget with this combination of assumptions is inadvisable in our view. One reason is that—given the state’s balanced-budget requirement—doing so requires assuming that the multiyear budget projections are wrong.
https://lao.ca.gov/Publications/Detail/4443

Financial Aid Award Amounts [EdBudget]

Jan 16, 2020 - The UC and CSU summer financial aid award amounts are calculated for a student enrolled in 15 units on a semester calendar in state-supported courses.  Students who receive the Cal Grant B Access Award also receive a supplemental award funded by the College Access Tax Credit.
https://lao.ca.gov/Education/EdBudget/Details/353

Research and development involving certain psychedelic substances (Amendment #1). [Ballot]

Sep 7, 2023 - The share given to the state is to increase by 5  percentage points a year for each of the next four years —reaching 25  percent of royalty revenues by year 20. The remainder of royalty revenues are to continue being available for R &D and the TREAT Institute ’s administrative costs.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

The 2022-23 Budget: CCC Chancellor's Office Staffing

Mar 29, 2022 - For these reasons, we recommend the Legislature approve these positions and the associated funding but only on a three ‑year, limited ‑term basis (through  2024 ‑25). Figure 5 Chapter 566 Contains Several Requirements Over Next Few Years Requirement Time Frame CCC Chancellor ’s Office and other specified educational entities
https://lao.ca.gov/Publications/Report/4579

The 2021-22 Budget: Trial Court Operations Proposals

Feb 11, 2021 - The Governor ’s budget proposes $4. 4  m illion in 2021 ‑22, declining to $2. 7  m illion annually beginning in 2024 ‑25, to support this expansion. Backfill Expected Reduction in Fine and Fee Revenue ($7.9   Million).
https://lao.ca.gov/Publications/Report/4362

The 2023-24 Budget: One-Time K-12 Spending Proposals

Feb 16, 2023 - (A  total of 390 schools were eligible.) Second, the budget provided $25  million for a COE to develop and provide statewide training for educators to become literacy coaches and reading specialists.
https://lao.ca.gov/Publications/Report/4688

Income Tax Withholding Tracker: 4/6 to 4/10 [EconTax Blog]

Apr 10, 2020 - Timing issues arise when the days of the month fall on different days of the week year-to-year. As a result of these calendar differences, payments are made on different days each year. These timing issues make a  comparison between 2020 and 2019 (as we have done in prior posts) somewhat misleading.
https://lao.ca.gov/LAOEconTax/Article/Detail/450

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - By 2024 ‑25, the annual cost of these expansions is expected to reach about $1. 9 b illion General Fund ($2. 7 b illion total  funds). Behavioral Health. The spending plan funds two major investments in behavioral health.
https://lao.ca.gov/Publications/Report/4448

Personal finance education. [Ballot]

Oct 25, 2023 - The local governing board may further require a full -year course in personal finance to graduate from high school. Fiscal Effects As we discuss below, this measure could result in various increased costs to schools in the first few years that would be supported with funds provided to schools under the existin g minimum funding requirement for K-12 schools and community colleges.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-022

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - The funds will be transferred soon, but the state has until December 31, 2024 to use the funds. The U.S. Department of the Treasury recently released detailed guidance with more detail on how these funds can be used.
https://lao.ca.gov/Publications/Report/4432