Proposition 32 [Ballot]

Nov 5, 2024 - Without Proposition 32, the minimum wage for all employees would be about $16.50 per hour. The proposition would not change any loc al or industry-specific minimum wages. Minimum Wage $18 Per Hour in 2026.
https://lao.ca.gov/BallotAnalysis/Proposition?number=32&year=2024

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - This year ’s developmental services trailer bill legislation codifies the Legislature ’s findings and declarations establishing the foundation for the Master Plan (Chapter  47 of 2024 [AB  162, Committee on Budget]).
https://lao.ca.gov/Publications/Report/4933/1

The 2024-25 California Spending Plan: Human Services

Oct 2, 2024 - Previously, statute specified that the interim rates would expire December 31, 2024 and that the permanent, ongoing LOC rate structure would be established by January 1, 2025.Th e 2024-25 spending plan amends and adds substantial new statutory language establishing the permanent rate structure and extending the interim rates period until permanent rates can be implemented (Chapter  46 of 2024 [AB  161, Committee on Budget]).
https://lao.ca.gov/Publications/Report/4933/6

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: Health

Sep 17, 2024 - Trailer bill legislation enacted in August 2024 (Chapter 999 of 2024 [AB  177, Committee on Budget]) creates a new directed payment methodology for MLK Hospital. The new methodology is to ensure that the hospital ’s aggregate managed care payment for inpatient services is at least 72  percent of projected costs.
https://lao.ca.gov/Publications/Report/4930

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

The 2024-25 Spending Plan: Judiciary and Criminal Justice

Sep 10, 2024 - . $5.1  million one-time General Fund reappropriation of monies provided as part of the 2022-23 budget package to implement and maintain remote access to court proceedings as required by Chapter  526 of 2021 (AB  716, Bennett).
https://lao.ca.gov/Publications/Report/4924

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