The State Appropriations Limit

Apr 21, 2021 - Proposition  2 (201 4) r equired the state to set aside more funds in reserves. Under Proposition  4, reserve deposits are counted in the year they are made (instead of the year they are withdrawn). While Proposition   2 r equires the state to set aside minimum amounts in reserve each year, Proposition   4 l imits reserve deposits like other state appropriations, creating a tension between these two constitutional calculations.
https://lao.ca.gov/Publications/Report/4416

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - In terms of direct assistance to families, the budget uses ( 1) r ealignment funding to provide a 5. 3 p ercent increase to the CalWORKs grant and ( 2) f ederal COVID ‑ 19 r elief funds to provide a one ‑time payment of about $ 640 t o families.
https://lao.ca.gov/Publications/Report/4448

The 2021-22 Budget: The Governor’s Suspension Proposal

Jan 29, 2021 - (Under current law, these payment increases are subject to suspension on July 1, 2021 r ather than December 31, 2021.) Restoration of In ‑Home Supportive Services (IHSS) Service Hours. During the last recession, the state reduced IHSS service hours, but the Legislature reversed this reduction in every year since 2015 ‑16.
https://lao.ca.gov/Publications/Report/4328

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The budget includes proposals for two new business tax credit  programs: Climate Change Research and Development (R &D) Credit. This new credit would be available to companies headquartered in California that are spending on R &D activities related to mitigating climate change.
https://lao.ca.gov/Publications/Report/4492

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - Key factors contributing to the current uncertainty include the degree to which businesses and workers begin to expect heightened inflation in future years, the degree to which actions by the Federal R eserve to reduce inflation are successful, and changes in geopolitical events affecting food and energy prices.
https://lao.ca.gov/Publications/Report/4647

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Dymally Institute — Regional K ‑16 education collaboratives — Hastings College of the Law California Institute on Law, Neuroscience, and Education — Hastings College of the Law Alternative campus safety program College savings accounts (General Fund share) — CCC Expanded Entitlement Program ‑ base awards — CCC Expanded Entitlement Program ‑ student parent supplemental awards — Golden State
https://lao.ca.gov/Publications/Report/4448/1