The 2025-26 Budget: Understanding Recent Increases in the Medi-Cal Senior Caseload

Mar 6, 2025 - Assets used in a business ✔ Assets being sold ✔ Assets were not counted if applicant showed they were making a “bona fide effort to sell. ” 2021 ‑22 Budget Package Phased Out Asset Test. The 2021 ‑22 budget package included trailer bill legislation that phased out the asset test for seniors and persons with disabilities.
https://lao.ca.gov/Publications/Report/5010

Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Financial Assets Are Not Taxed. Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks. Proposal No New Taxes on Financial Assets or Other Personal Property.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Oversight of certain nonprofit charities and related entities. [Ballot]

Jan 20, 2026 - Examples of such actions include the shutting down of the charity, a merger with another entity, and the sale or transfer of substantially all of the charity ’s assets. (Assets generally refer to anything of value —including land, work products, and patents —owned by an organization.)
https://lao.ca.gov/BallotAnalysis/Initiative/2025-032

The 2025-26 California Spending Plan: Human Services

Nov 21, 2025 - Partial Restoration of Medi-Cal Asset Limit. In an effort to assist in addressing the state ’s budget problem, as part of the May Revision, the administration proposed to fully reinstate an asset limit of $2,000 for individuals and $3,000 for couples to be eligible for Medi-Cal.
https://lao.ca.gov/Publications/Report/5086/4

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - To be eligible for MCS awards, students only had to have household income and assets under specified program caps. These income and asset caps were adjusted annually for inflation. They did not vary by family size.
https://lao.ca.gov/Publications/Report/5127

The 2025-26 California Spending Plan: Health

Oct 16, 2025 - (These asset limits reflect the higher limits that temporarily applied before the asset test was fully phased out in January 2024. Prior to 2021-22, the asset limits were $2,000 per individual and $3,000 per couple.)
https://lao.ca.gov/Publications/Report/5075

The 2026-27 Budget: Medi-Cal Fiscal Outlook

Nov 19, 2025 - Administrative Requirements of Reinstated Asset Limit Could Increase Disenrollments. The exact savings from reinstating an asset limit on seniors and persons with disabilities also is uncertain. At a minimum, the new policy will disenroll affected beneficiaries who possess assets in excess of the new limit.
https://lao.ca.gov/Publications/Report/5092

The Definition of Qualified Capital Outlay for the State Appropriations Limit

Feb 18, 2022 - Yes, as long as the expenditure is maintaining an asset that meets the criteria (that is, the asset is tangible property and has a useful life of ten years and a value of at least $100,000). Statute requires an expenditure to be made “for ” a fixed asset.
https://lao.ca.gov/Publications/Report/4547

The 2025-26 Budget: In-Home Supportive Services

Mar 6, 2025 - Update on Medi-Cal Asset Limit Repeal Implementation Phasing in Medi-Cal Asset Limit Repeal Has Increased IHSS Caseload. Historically, low-income seniors and persons with disabilities had to have assets at or below $2,000 (or $3,000 for couples) to be eligible for Medi-Cal.
https://lao.ca.gov/Publications/Report/5009

The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Digital Financial Assets Program. Chapter  792 of 2023 (AB  39, Grayson) requires DFPI to regulate crypto assets (which are sometimes referred to as cryptocurrencies, virtual currencies, or digital financial assets).
https://lao.ca.gov/Publications/Report/5025