Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Third Quarter of 2023: $157 Million. The administration currently estimates that retail excise tax revenue was $157 million in the third quarter of calendar year 2023 (July through September).
https://lao.ca.gov/LAOEconTax/article/Detail/790

Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022. Preliminary Total for Third Quarter of 2023: $157 Million. The administration currently estimates that retail excise tax revenue was $157 million in the third quarter of calendar year 2023 (July through September).
https://lao.ca.gov/LAOEconTax/Article/Detail/790

The 2023-24 California Spending Plan: Other Provisions

Nov 8, 2023 - Budget-Related Legislation Amends Information Security (IS) Requirements for “Nonreporting Entities. ” Chapter 45 of 2023 (AB 127, Committee on Budget) amends recently chaptered state law ( Chapter 773 of 2022 [AB 2135, Irwin] ) to transfer oversight of certain IS requirements for nonreporting entities—that is, state entities that are not under the direct authority of the Governor—from legislative leadership to CDT’s Office of Information Security (OIS).
https://lao.ca.gov/Publications/Report/4814

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - Chapter  402 of 2022 (AB  1051, Bennett) changes the requirements around presumptive transfer of responsibility for specialty mental health service provision for foster youth placed in congregate care settings.
https://lao.ca.gov/Publications/Report/4812/4

The 2023-24 California Spending Plan: Human Services

Nov 6, 2023 - The 2023-24 spending plan includes $1.3  million General Fund ongoing to support eight new positions to implement Chapter  381 of 2022 (AB  2119, Flora), which requires medical foster homes authorized by the United States Department of Veterans Affairs (USDVA) to be licensed as state medical foster homes for veterans by CCL.
https://lao.ca.gov/Publications/Report/4812/8

California’s Cap-and-Trade Program: Frequently Asked Questions

Oct 24, 2023 - Chapter  488 of 2006 (AB  32, N ú ñez) established the target of limiting GHG emissions statewide to the 1990 level by 2020. 2030.  Chapter  249 of 2016 (SB  32, Pavley) extended the limit to at least 40  percent below the 1990 level by 2030. 2045.  
https://lao.ca.gov/Publications/Report/4811

The 2023-24 California Spending Plan: Health

Oct 23, 2023 - Reflecting this change, health-related trailer bill legislation (Chapter  42 of 2023 [AB  118, Committee on Budget]) expands the Whole Child Model to 12 of these counties, with the change scheduled to begin January 2025.
https://lao.ca.gov/Publications/Report/4810

The 2023-24 California Spending Plan: Higher Education

Oct 19, 2023 - In a May early action budget decision, the state enacted Chapter  5 of 2023 (AB  111, Committee on Budget) related to how certain forms of financial aid are treated for state personal income tax purposes.
https://lao.ca.gov/Publications/Report/4809

The 2023-24 California Spending Plan: Judiciary and Criminal Justice

Oct 16, 2023 - Some of the notable augmentations include: $19  million General Fund in 2023-24 (decreasing to $4.2  million annually beginning in 2025-26) to implement Chapter  326 of 2022 (AB  1981, Lee) related to juror reimbursement and compensation.
https://lao.ca.gov/Publications/Report/4805

The 2023-24 California Spending Plan: Resources and Environmental Protection

Oct 16, 2023 - The package provides $32  million for DWR to begin establishing a new centralized energy procurement office and begin implementing Chapter  367 of 2023 (AB  1373, E. Garcia). Figure 14 Clean Energy Reliability Investment Plan Funding 2023 ‑24, General Fund (In Millions) Program Demand Side Grid Support Program CEC Total $100 CPUC = California Public Utilities
https://lao.ca.gov/Publications/Report/4807