The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - New Tax Expenditures of $150   Million. The Governor ’s budget includes some revenue proposals, which would expand existing tax expenditures and create new ones. This includes increasing the existing film tax credit from $330  million to $750  million per year and excluding some military retirement income from taxation.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: College of the Law, San Francisco

Mar 10, 2025 - With the state funding, conventional debt financing, and federal historic tax credits, the school indicated it would be able to complete the project and provide 257 beds at below ‑market rents (an estimated 10  percent below market rates).
https://lao.ca.gov/Publications/Report/5014

The 2025-26 Budget: University of California

Feb 27, 2025 - Total core reserves (committed and uncommitted combined) ranged from less than one month of expenditures at the San Diego campus to over seven months of expenditures at the Riverside campus. Uncommitted reserves for economic uncertainties, however, equated to less than one month of expenditures at all campuses.
https://lao.ca.gov/Publications/Report/4998

The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Section 529 of the Internal Revenue Code allows states to administer college savings accounts that provide certain tax advantages. SIB launched California ’s 529 program, known as Scholarshare 529, in 1999.
https://lao.ca.gov/Publications/Report/5035

The 2025-26 Budget: California Community Colleges

Mar 5, 2025 - Under the proposed trailer bill language, the report due to the Legislature by January 31, 2027 would include a project time line and “the budget and expenditures of resources appropriated, and any identified one ‑time and future funding needs necessary for completing the work. ” Project Would Likely Require Large Future Augmentations.
https://lao.ca.gov/Publications/Report/5005

The 2025-26 Budget: Higher Education Overview

Feb 6, 2025 - Of that amount, $777 million is reserved for economic uncertainties, which equates to 34 days of operations (or 9.1 percent of total annual core operating expenditures). UC reported $1.5 billion in total core reserves.
https://lao.ca.gov/Publications/Report/4957

The 2025-26 Budget: California State Library

Mar 7, 2025 - In 2017-18, special fund revenue covered 43  percent of the Witkin Law Library ’s total expenditures, while General Fund support covered 57  percent. By 2023-24, special funds covered an estimated 13  percent of costs, while General Fund support covered 87  percent.
https://lao.ca.gov/Publications/Report/5013

The 2025-26 Budget: California Student Aid Commission

Feb 28, 2025 - As a result, operating expenditures are outpacing operating revenue, leading to sizable budget gaps in the past five years. In prior years, CCA has relied on philanthropic donations to help fill these gaps.
https://lao.ca.gov/Publications/Report/4994