Cannabis Tax Revenue Update (2025 Q1) [EconTax Blog]

Jun 3, 2025 - Current LAO Forecast for 2024-25: $594 Million. We currently project cannabis tax revenues of $594 million in 2024-25. This forecast is just $4 million above the administration ’s May Revision forecast.
https://lao.ca.gov/LAOEconTax/Article/Detail/831

The 2025-26 Budget: State Mandates—Regional Water Quality Control Boards

May 30, 2025 - CSM has identified four new state-reimbursable mandates since enactment of the 2024-25 Budget Act . All four concern municipal stormwater permits issued by regional water quality control boards and costs incurred by local governments prior to 2018.
https://lao.ca.gov/Publications/Report/5054

The 2025-26 Budget: May Revision Trailer Bill Proposals on the Delta Conveyance Project and Water Quality Control Plans

May 27, 2025 - In March  2024, the superior court denied the petitioners ’ combined 116 claims, ruling that SWRCB had complied with CEQA, the public trust doctrine, and other legal obligations. Another source of delay has been consideration of VAs.
https://lao.ca.gov/Publications/Report/5053

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - As Chapter 231 went through the legislative policy process, the administration preliminarily estimated that the new firearm and ammunition excise tax would raise $159 million in 2024-25. In May 2024, the administration revised its estimate to $103 million.
https://lao.ca.gov/LAOEconTax/Article/Detail/830

Firearms and Ammunition Revenue Update (2025 Q1) [EconTax Blog]

May 21, 2025 - As Chapter 231 went through the legislative policy process, the administration preliminarily estimated that the new firearm and ammunition excise tax would raise $159 million in 2024-25. In May 2024, the administration revised its estimate to $103 million.
https://lao.ca.gov/LAOEconTax/article/Detail/830

Changes to CSU's Base Funding Over Next Three Years [EdBudget]

May 19, 2025 - A new governor will take office in 2027-28. a Reflects a deferred Year 4 base increase of $252 million and a Year 5 base increase of $265 million. b Reflects restoration of $75 million one-time reduction applied in 2024-25.
https://lao.ca.gov/Education/EdBudget/Details/971

The 2025-26 Budget: Cap-and-Trade Reauthorization and Greenhouse Gas Reduction Fund Proposals at May Revision

May 19, 2025 - As highlighted in an October 2024 report by the HSRA OIG, HSRA needs to secure funds to meet most of its identified funding gap for the Merced-to-Bakersfield portion of the project before June 2026 to avoid negative impacts on its schedule.
https://lao.ca.gov/Publications/Report/5049

Proposed Changes in UC's Base Funding [EdBudget]

May 18, 2025 - A new governor will take office in 2027-28. a Reflects a deferred Year 4 base increase of $241 million and a Year 5 base increase of $254 million. b Reflects a deferred Year 4 increase of $31 million and a Year 5 increase of $30 million. c Reflects various small ongoing and one-time adjustments. d Reflects the restoration of a $125 million one-time reduction applied in 2024-25,
https://lao.ca.gov/Education/EdBudget/Details/970

California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision [EdBudget]

May 18, 2025 - California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision [EdBudget] $215 a Adjustments are relative to 2024-25 spending as reflected in Governor's January budget. b Though the budget plan included $527 million for the program, CSAC anticipated spending $519 million.
https://lao.ca.gov/Education/EdBudget/Details/958

Comparing Middle Class Scholarships at Governor's Budget and May Revision [EdBudget]

May 18, 2025 - Comparing Middle Class Scholarships at Governor's Budget and May Revision [EdBudget] 77 Note: Data for 2024-25 and 2025-26 are estimates. a Though the budget plan included $527 million for the program, CSAC anticipated spending $519 million in 2025-26 under its October 2024 estimates.
https://lao.ca.gov/Education/EdBudget/Details/973