The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Second, SIB provides a deposit of $500 to first graders who are low income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are experiencing homelessness (for a maximum deposit of $1,500).
https://lao.ca.gov/Publications/Report/5035

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

May 17, 2021 - The largest proposals include $500  million for Golden State teacher grants and a $500  million endowment for learning-aligned employment. Reserves and Debt $11  Billion in Constitutional Reserve and Debt Requirements.
https://lao.ca.gov/Publications/Report/4432

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - The budget removes the $5  million ongoing General Fund appropriation provided to the Scholarshare Investment Board (SIB) for financial literacy outreach and reverts a total of $9.5  million in unspent funds provided in previous years for this purpose.
https://lao.ca.gov/Publications/Report/4926

The 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - Under the second component of the CalKIDS program, SIB is to provide a deposit of $500 to each first grader who is low-income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are homeless, leading to a maximum deposit of $1,500.
https://lao.ca.gov/Publications/Report/4731

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - Figure 5 Governor Has Three CalKIDS Outreach Proposals General Fund (In Millions)
https://lao.ca.gov/Publications/Report/4548

The 2021-22 Spending Plan: Higher Education

Oct 11, 2021 - According to the administration, $89  million will support programmatic and administrative costs, while the remaining $67  million will support stipends (up to $7,000) and scholarships (up to $3,000) for 6,250 students.
https://lao.ca.gov/Publications/Report/4461

The 2022-23 California Spending Plan: Higher Education

Oct 4, 2022 - The two years of additional funding will allow for the continuation of stipends (up to $7,000 each) and scholarships (up to $3,000 each) for 6,500 students. Budget Provides Funding for Student Loan Borrower Assistance.
https://lao.ca.gov/Publications/Report/4632

The 2025-26 California Spending Plan: Higher Education

Nov 14, 2025 - The $50  million is in addition to the $500  million one-time General Fund appropriation provided in the 2021-22 Budget Act for this program. Along with the additional funding, trailer legislation extends the program by one year, through June 30, 2026.
https://lao.ca.gov/Publications/Report/5089

The 2023-24 California Spending Plan: Higher Education

Oct 19, 2023 - Chapter  881 of 2001 (AB  935, Hertzberg) established the program, which provides up to $11,000 in student loan repayment for selected attorneys who practice in public interest areas of the law. The program is supported by a special fund consisting of money reverted from certain trust accounts used by attorneys.
https://lao.ca.gov/Publications/Report/4809

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

May 17, 2021 - We only plan to update this figure for very significant changes (that is, those greater than $500 million). CDPH = California Department of Public Health; COVID ‑19 = coronavirus disease 2019; CHHS = California Health and Human Services Agency; HHS = Health and Human Services; GARE = Government Alliance on Race and Equity; EMSA = Emergency Medical Services Authority; CalAIM =
https://lao.ca.gov/Publications/Report/4432/2