High-quality public schools. [Ballot]

Dec 6, 2023 - The remaining funding is from a combination of local property taxes and federal funding. State Law Regulates School Operations in Many Areas. For example, the law requires school district students to take standardized tests in several subjects, specifies the courses that students must complete to earn a high school diploma, and specifies the reasons a district may suspend or expel a student.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-028

Financial Aid Award Amounts [EdBudget]

Aug 31, 2023 - See "Financial Aid Award Coverage" for a description of each award. bSummer financial aid award amounts are at campuses' discretion. cStudents attending private for-profit institutions are ineligible for most types of nontuition awards, except for a Cal Grant B access award of $1,648 or a Cal Grant C book and supply award of $547. dStudents who receive the Cal Grant B access award may also
https://lao.ca.gov/Education/EdBudget/Details/742

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

Sep 7, 2023 - The state collects tax revenue to fund many of its government services and facilities. It deposits most tax revenue into its General Fund, which it in turn uses to pay for education, prisons, health care, and other public services (including some research).
https://lao.ca.gov/BallotAnalysis/Initiative/2023-013

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

K-12 Funding by Source [EdBudget]

Jan 18, 2023 - Also includes operational expenses of the California Department of Education and certain other agencies. b Includes $941 million increase in funding for arts instruction as required by Proposition 28 (2022). c Includes revenue from property taxes collected in excess of the Local Control Funding Formula allotments, parcel taxes, fees, and local reimbursements. d
https://lao.ca.gov/Education/EdBudget/Details/700

The 2022-23 Budget: Overview of the Spending Plan

Oct 12, 2022 - SAL = state appropriations limit; CAC = California Arts Council; CSSSA = California State Summer School for the Arts; CDE = California Department of Education; CDFA = California Department of Food and Agriculture; CSL = California State Library; CTC = Commission on Teacher Credentialing; DCA = Department of Consumer Affairs; DCC = Department of Cannabis Control; DFPI = Departm ent of Financial
https://lao.ca.gov/Publications/Report/4616/1

The 2023-24 Budget: Financing Approaches for Capital Outlay Projects

Feb 28, 2023 - Taxable bonds are projected to have about 7  percent interest rates in fall 2023 —or 1.35  percent higher than tax-exempt bonds. As a result, the annual debt service savings on these taxable bonds is about $5  million more than tax-exempt bonds.
https://lao.ca.gov/Publications/Report/4709

The 2023-24 Budget: Analysis of the Medi-Cal Budget

Feb 10, 2023 - New MCO Tax Proposal. The Governor proposes implementing a new MCO tax from January 2024 through December 2026. Similar to previous versions of the tax, a portion of the resulting revenues would help offset Medi ‑Cal General Fund costs.
https://lao.ca.gov/Publications/Report/4675

The 2023-24 California Spending Plan: Higher Education

Oct 19, 2023 - Early Action Legislation Clarifies Tax Treatment of Certain Types of Financial Aid Awards. In a May early action budget decision, the state enacted Chapter  5 of 2023 (AB  111, Committee on Budget) related to how certain forms of financial aid are treated for state personal income tax purposes.
https://lao.ca.gov/Publications/Report/4809

The 2022-23 Budget: May Revenue Outlook [EconTax Blog]

May 16, 2022 - While the net effect of these elective payments on state tax revenues is relatively minor, timing issues related to the elective tax result in year-to-year fluctuations in tax collections. The elective tax collections in each fiscal year span two tax years.
https://lao.ca.gov/LAOEconTax/Article/Detail/735