The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Section 529 of the Internal Revenue Code allows states to administer college savings accounts that provide certain tax advantages. SIB launched California ’s 529 program, known as Scholarshare 529, in 1999.
https://lao.ca.gov/Publications/Report/5035

CalFacts 2024 [Publication Details]

Dec 2, 2024 - CalFacts presents a wide range of facts and trends about the state's economy, finances, and programs.
https://lao.ca.gov/Publications/Detail/4942

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

May 17, 2021 - If the Legislature wants to make different decisions about this spending (without statutory changes or fund shifts), it can either: (1)  use the funds to make tax rebates and additional payments to schools, (2)  spend on other SAL-excluded purposes, or (3)  use the funds to reduce taxes.
https://lao.ca.gov/Publications/Report/4432

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - UC Law SF indicates that the remaining project costs will be split between conventional debt ‑financing ($103  million) and the historic tax credit equity program ($37  million), which is a federal program focused on the rehabilitation of certified historic buildings.
https://lao.ca.gov/Publications/Report/4732

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - At the other end of the spectrum, nine districts received 85  p ercent or more of their apportionment funding from local property tax revenue. (In 2019 ‑20, seven of these nine districts were “excess tax ” districts, meaning their local property tax revenue exceeded the entire amount they were entitled to receive under the main community college funding formula.)
https://lao.ca.gov/Publications/Report/4307

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

May 17, 2021 - CAC = California Arts Council; CalVet = California Department of Veterans Affairs; CDE = California Department of Education; CDFA = California Department of Food and Agriculture; CDI = California Department of Insurance; CDT = California Department of Technology; SOC = Security Operations Center; IT = information technology; CMD = California Military Department; CPUC = California Public Utilities
https://lao.ca.gov/Publications/Report/4432/6

The 2023-24 Budget: University of California

Feb 15, 2023 - According to UC, the Institute would be an independent research institute funded through a public ‑private partnership and classified for federal tax purposes as a California nonprofit public benefit corporation.
https://lao.ca.gov/Publications/Report/4684

The 2022-23 Budget: Analysis of the Care Economy Workforce Development Package

Mar 10, 2022 - Historically, a small statewide payroll tax provided funding for ETP grants but, in recent years, the state has supplemented this longstanding funding source with General Fund monies for targeted training grants.
https://lao.ca.gov/Publications/Report/4572

The 2022-23 Budget: Middle Class Scholarship Program

Mar 30, 2022 - (For context, about 90  percent of tax filers in California are beneath this cap.) Revamped MCS Program Is Much Costlier Than Original Program. In fall 2021, CSAC prepared a cost estimate for the revamped MCS program using more detailed student ‑level data than was available when the 2021 ‑22 budget was enacted.
https://lao.ca.gov/Publications/Report/4581