Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2023: $157 Million. The administration currently estimates that retail excise tax revenue was $157 million in the fourth quarter of calendar year 2023.
https://lao.ca.gov/LAOEconTax/Article/Detail/799

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Fourth Quarter of 2023: $157 Million. The administration currently estimates that retail excise tax revenue was $157 million in the fourth quarter of calendar year 2023.
https://lao.ca.gov/LAOEconTax/article/Detail/799

The 2024-25 Budget: Department of Health Care Access and Information

Feb 27, 2024 - As part of early action trailer bill legislation (Chapter  6 of 2023 [AB  112, Committee on Budget]), the Legislature created the Distressed Hospital Loan Program. The program provides interest-free loans to public and private nonprofit hospitals experiencing financial distress.
https://lao.ca.gov/Publications/Report/4860

The 2024-25 Budget: Child Support

Feb 27, 2024 - Chapter  755 of 2022 (AB  1686, Bryan) requires DSS to update regulations to instruct local child welfare agencies, in making the determination of whether it is in the best interests of the child to refer a case to the LCSA, to presume that the payment of support by the parent “is likely to ” pose a barrier to FR.
https://lao.ca.gov/Publications/Report/4861

The 2024-25 Budget: Judicial Branch

Feb 23, 2024 - The 2020 ‑21 budget included $11  million in ongoing funding from the TCTF to reflect the additional amount of revenue available to support the program after Chapter  217 of 2019 (AB  330, Gabriel) increased the amount of certain post-judgement civil filing fees that are available to support the program.
https://lao.ca.gov/Publications/Report/4848

The 2024-25 Budget: California Department of Corrections and Rehabilitation

Feb 22, 2024 - Background State Currently Operating 32 Prisons. As of January  17,  2024, CDCR was responsible for incarcerating a total of about 93,900   people —89 ,100  men, 4,200 women, and 600  nonbinary people.
https://lao.ca.gov/Publications/Report/4852

The 2024-25 Budget: Cap-and-Trade Expenditure Plan

Feb 20, 2024 - The 2024-25 Budget: Cap-and-Trade Expenditure Plan $250 $3,510 GGRF = Greenhouse Gas Reduction Fund; AB 617 = Assembly Bill 617 Community Air Protection Program; CARB = California Air Resources Board; ZEV  =  zero ‑emission vehicle; CEC  =  California Energy Commission; and CalSTA = California State Transportation Agency.
https://lao.ca.gov/Publications/Report/4847

Assessing Early Implementation of Urban Water Use Efficiency Requirements

Jan 4, 2024 - Called on residents to voluntarily reduce water use by 15 percent (relative to 2020 levels) in summer 2021. 2022 Chapter 679 (SB 1157, Hertzberg) Made amendments to AB 1668, including tightening indoor residential water use standards used in water use objectives. 2023 Chapter 849 (AB 1572, Friedman) Prohibits use of potable water to irrigate nonfunctional turf on CII landscapes, phasing in the prohibition from 2027 to 2031.
https://lao.ca.gov/Publications/Report/4823

State Assistance to Businesses in Response to COVID-19

Jan 4, 2024 - In zip codes that have a higher representation of Black residents, 32  percent of businesses are in these service ‑oriented industries. The figure is 35  percent for zip codes that have a higher representation of Hispanic/Latino residents.
https://lao.ca.gov/Publications/Report/4824