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 California Spending Plan: Other Provisions

Oct 2, 2024 - After accounting for the budget solutions and administrative augmentations described below, the total budget for this office and its revised responsibilities includes $950  million in total funds ($902  million from the Greenhouse Gas Reduction Fund, $32  million from the General Fund, and the remainder from various other funds) and 186 positions.
https://lao.ca.gov/Publications/Report/4934/

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - After accounting for the budget solutions and administrative augmentations described below, the total budget for this office and its revised responsibilities includes $950  million in total funds ($902  million from the Greenhouse Gas Reduction Fund, $32  million from the General Fund, and the remainder from various other funds) and 186 positions.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services

The 2024-25 California Spending Plan: Proposition 98 and K-12 Education

Sep 16, 2024 - Delays the program sunset date from 2030 ‑31 to 2031 ‑32 to give the fourth cohort of implementation grantees two years to spend their extension grants. Shifts $60  million previously set aside for extension grants to be used for additional implementation grants.
https://lao.ca.gov/Publications/Report/4929

The 2024-25 California Spending Plan: Resources and Environmental Protection

Sep 12, 2024 - Notably, this includes $32  million from the General Fund for the acquisition phase of a project to build a new training center for CalFire. (In total, the training center project is anticipated to cost $632  million, with additional funding to be requested in future years.)
https://lao.ca.gov/Publications/Report/4928

Cannabis Tax Revenue Update (2024 Q2) [EconTax Blog]

Sep 4, 2024 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Second Quarter of 2024: $154 Million. The administration currently estimates that retail excise tax revenue was $154 million in the second quarter of calendar year 2024 (April through June).
https://lao.ca.gov/LAOEconTax/Article/Detail/812

Cannabis Tax Revenue Update (2024 Q2) [EconTax Blog]

Sep 4, 2024 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Second Quarter of 2024: $154 Million. The administration currently estimates that retail excise tax revenue was $154 million in the second quarter of calendar year 2024 (April through June).
https://lao.ca.gov/LAOEconTax/article/Detail/812

New Higher Education Reporting Requirements [EdBudget]

Sep 3, 2024 - New Higher Education Reporting Requirements [EdBudget] January 15 each year funding is appropriated       a BBL refers to budget bill language contained in the 2023-24 Budget Act, as enacted by Chapter 12 of 2023 (SB 101, Skinner) and amended by Chapter 38 of 2023 (AB 102, Ting) and Chapter 189 of 2023 (SB 104, Skinner).
https://lao.ca.gov/Education/EdBudget/Details/747

California Community Colleges Proposition 98 Spending by Program [EdBudget]

Aug 16, 2024 - AB = Assembly Bill. MESA = Mathematics, Engineering, Science Achievement. A2MEND = African American Male Education Network and Development. LGBTQ+ = lesbian, gay, bisexual, transgender, queer, and plus.
https://lao.ca.gov/Education/EdBudget/Details/871