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

Apr 3, 2025 - DFPI began implementing SB  908 on January 1, 2021 and started accepting applications for licensure on September 1, 2021. 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

The 2025-26 Budget: Department of Real Estate

Mar 19, 2025 - As shown in Figure  1, DRE expects the annual number of applications received across most major real estate sales and broker licensing categories to decline in 2024-25, with the largest reductions occurring in the categories of first-time or new applications.
https://lao.ca.gov/Publications/Report/5019

Improving Legislative Oversight of Emergency Authorities

Apr 10, 2025 - We recommended (1)  requiring all emergency augmentations come from one fund, (2)  establishing an amount for that fund in the budget, (3)  requiring advanced notice to transfer additional monies into the fund and (4)  requiring reporting on planned and actual emergency expenditures.
https://lao.ca.gov/Publications/Report/5029

The 2025-26 Budget: EDDNext

Feb 25, 2025 - Each year, about 1  million California workers receive a total of about $13  billion in DI and PFL insurance benefits. Similarly, about 1  million California workers access about $7  billion in UI benefits in a typical year.
https://lao.ca.gov/Publications/Report/4985

The 2025-26 Budget: State Departments’ Operational Efficiencies (Control Sections 4.05 and 4.12)

Feb 19, 2025 - For example, the universities have greater control over their (1) revenues through tuition and (2) expenditures through setting employee compensation policies—whether through collective bargaining or otherwise—independent from the state’s policies.
https://lao.ca.gov/Publications/Report/4975

The 2025-26 Budget: EDDNext [Publication Details]

Feb 25, 2025 - These include: (1) remove extended encumbrance and expenditure deadlines; (2) add a notification period for the Joint Legislative Budget Committee to review final project documentation for the proposed Integrated Case Management System / Integrated Data Management IT project; (3) require the California Department of Technology to publish oversight reports every other month; and, (4) require EDD to provide quarterly legislative meetings.
https://lao.ca.gov/Publications/Detail/4985

The 2025-26 Budget: The California State Payroll System IT Project

Mar 7, 2025 - Provide each processing department with a set number of DART FTEs based on their classifications: (1)  0.5 FTEs for “micro, ” (2)  1 FTE for “small, ” (3)  3 FTEs for “medium, ” (4)  6 FTEs for “large, ” and (5)  10 FTEs for “mega. ” Propose annual funding allocations by processing department to the Department of Finance (DOF), as well as criteria for funding the allocations based on, for example, the department ’s participation in project activities.
https://lao.ca.gov/Publications/Report/5011

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

The 2025-26 Budget: Governor’s Office of Service and Community Engagement

Mar 11, 2025 - Applicants must also meet one of the following conditions: (1)  qualify for a Pell Grant, Cal Grant, or Middle Class Scholarship (MCS); (2)  need to work part time to cover education costs; or (3)  have borrowed student loans.
https://lao.ca.gov/Publications/Report/5015

The 2025-26 Budget: CDTFA’s Tobacco Programs

Feb 14, 2025 - If not, the two main alternatives are (1)  a statutory increase in licensing fees, or (2)  cuts to other aspects of the licensing program. Proposal Heightens Concerns About Hiring and Retaining Inspectors.
https://lao.ca.gov/Publications/Report/4966