The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - California ’s Pass-Through Entity Elective Tax (PTET) allows certain businesses to elect to pay additional corporation taxes at a rate of 9.3  percent on qualified net income. Taxpayers utilizing this option receive credits that can be claimed against their income taxes.
https://lao.ca.gov/Publications/Report/5081/

The 2025-26 Budget: SB 678 County Probation Grant Program

Apr 11, 2025 - However, we recommend an alternative mai ntenance payment that pays only for specific evidence-based practices that will improve public safety and does so in ways that are more likely to generate state savings —two of the key goals of the original program.
https://lao.ca.gov/Publications/Report/5031

Assessing Community College Programs at State Prisons

Jul 1, 2024 - In both cases, federal Pell Grants would reimburse colleges for these costs, with students paying nothing out of pocket. Together, these two recommendations would free up a combined approximately $9  million ongoing Proposition  98 General Fund.
https://lao.ca.gov/Publications/Report/4913

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

Feb 28, 2023 - One advantage of bonds is that they can better align who pays for the project with who benefits from the project. Since capital outlay projects will provide benefits for many years, future taxpayers would pay for the future bene fits (through debt service payments) rather than current taxpayers paying for the entire project (through cash financing).
https://lao.ca.gov/Publications/Report/4709

The 2024-25 Spending Plan: Judiciary and Criminal Justice

Sep 10, 2024 - . $23.1  million (increasing to $46.2  million annually beginning in 2025-26) to pay for increased utility costs. Other General Fund Solutions. The budget reflects various General Fund solutions to address the state ’s budget problem, including: $27  million reduced from 2023-24 to reflect the delayed installation of video surveillance technology at five prisons.
https://lao.ca.gov/Publications/Report/4924