Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Looking further ahead, our preliminary revenue projection for 2024-25 is $727 million, which is $32 million above the May Revision forecast for 2024-25.  
https://lao.ca.gov/LAOEconTax/Article/Detail/805

Cannabis Tax Revenue Update [EconTax Blog]

May 31, 2024 - Looking further ahead, our preliminary revenue projection for 2024-25 is $727 million, which is $32 million above the May Revision forecast for 2024-25.  
https://lao.ca.gov/LAOEconTax/article/Detail/805

The 2024-25 Budget: Broadband Infrastructure at May Revision

May 23, 2024 - Chapter  9 of 2024 (AB  106, Gabriel) included, among other actions, adoption of: (1)  the proposed delay of $100  million General Fund in last-mile project grant funding from 2024 ‑25 and 2026 ‑27, and (2)  the proposed reduction of $250  million General Fund from the LLRF across both 2024 ‑25 ($150  million) and 2025 ‑26 ($100  million).
https://lao.ca.gov/Publications/Report/4906

The 2024-25 Budget: Initial Comments on the Governor’s May Revision

May 17, 2024 - First, in April, the Legislature passed an early action package that reduced the size of the budget problem by $17.3  billion (Chapter  9 of 2024 [AB  106, Gabriel]). Second, the administration reduced the total amount of new discretionary spending proposals by roughly $200  million (from $1.2  billion in January to about $1  billion).
https://lao.ca.gov/Publications/Report/4902

Update on Student Housing Assistance

May 7, 2024 - UC  reports campuses are budgeting 32  percent of basic needs funding for staffing —the largest category of budgeted expenses. Based on campus spending plans, program staff have a variety of roles, including managing basic needs programs, operating basic needs centers (including food pantries), and providing case management to students.
https://lao.ca.gov/Publications/Report/4898

California’s Child Welfare System: Addressing Disproportionalities and Disparities

Apr 24, 2024 - This report examines disproportionalities and disparities across California’s child welfare system in terms of income and race/ethnicity. The report provides background on the child welfare system, describes child welfare system disproportionalities and disparities, and lays out potential drivers of these inequities.
https://lao.ca.gov/Publications/Report/4897

Evaluation of a Tax Exemption for Zero-Emission Buses [Publication Details]

Apr 15, 2024 - Published in accordance with Chapter 353 of 2022 (AB 2622, Mullin), which directs our office to review the effectiveness of a partial sales tax exemption for zero-emission buses.
https://lao.ca.gov/Publications/Detail/4890

Evaluation of a Tax Exemption for Zero-Emission Buses

Apr 15, 2024 - Under AB  784, the exemption would have ended on January 1, 2024. Chapter  353 of 2022 (AB  2622, Mullin) pushed back the expiration date to January 1, 2026 and required our office to publish our analysis by May 1, 2024.
https://lao.ca.gov/Publications/Report/4890

Evaluation of the Better for Families Tax Refund [Publication Details]

Apr 1, 2024 - Submitted in accordance with Section 7(b)(1) of Chapter 51 of 2022 (AB 192, Committee on Budget) that directs our office to evaluate the extent to which the Better for Families tax refund helped families meet the demands of inflation during the pandemic.
https://lao.ca.gov/Publications/Detail/4891

Increasing Transparency of County Office of Education Spending

Mar 14, 2024 - Chapter  32 established a requirement for county superintendents to prepare a summary of how the COE plans to assist all school districts within the county. The plan describes actions the COE will take in approving all LCAPs.
https://lao.ca.gov/Publications/Report/4883