The 2023-24 Budget: Overview of the Spending Plan (Final Version)

Oct 16, 2023 - Appendix 4, Figure 7 Remaining Large One ‑Time and Temporary Augmentations From the 2021 ‑22 and 2022 ‑23 Budget Packages: Resources and Environment General Fund (In Millions) Emergency surge (helitanker contract component) $45 Clean Energy Reliability Investment Plan (SB 846) 100 Diablo Canyon land use planning — Coastal resilience SB 1 implementation 55 Clean Cars 4 All and other equity (ZEV
https://lao.ca.gov/Publications/Report/4788/4

46 Higher Education Capital Projects Approved for Debt Financing in 2023-24 [EdBudget]

Sep 14, 2023 - b Chapter 189 of 2023 (SB 104, Skinner) provides CCC with an ongoing $61.5 million non-Proposition 98 General Fund augmentation to support the financing of these projects. c Chapter 38 of 2023 (AB 102, Ting) provides CSU with an ongoing $99.7 million General Fund augmentation to support the financing of these projects. d Chapter 189 of 2023 (SB 104, Skinner) provides UC with an ongoing $84 million General Fund augmentation to support the financing of these projects.
https://lao.ca.gov/Education/EdBudget/Details/794

New Higher Education Reporting Requirements [EdBudget]

Sep 12, 2023 - 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 XX of 2023 (AB/SB 104).
https://lao.ca.gov/Education/EdBudget/Details/747

MOU Fiscal Analysis: Bargaining Unit 16 (Physicians)

Sep 7, 2023 - While the receiver characterized a 20  percent vacancy rate as “huge ” in 2006, the Unit 16 vacancy rate (as of August 31, 2023) is about 32  percent. This is substantially higher than the statewide average vacancy rate that currently is about 20  percent.
https://lao.ca.gov/Publications/Report/4801

MOU Fiscal Analysis: Bargaining Unit 6 (Corrections)

Sep 7, 2023 - This means that the average retiring correctional officer was hired at the age of 32 years. In the early and mid-2000s, the state hired a la rge number of new correctional officers. This created a cohort of correctional officers of a similar age.
https://lao.ca.gov/Publications/Report/4800

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - AB 195 established a “baseline ” level of annual funding for these programs and included some mechanisms intended to maintain funding at the baseline. Most notably, AB 195 appropriated $150 million General Fund to backfill funding shortfalls if cannabis revenues came in lower than expected in 2022-23 or 2023-24.
https://lao.ca.gov/LAOEconTax/Article/Detail/781

Cannabis Tax Revenue Update [EconTax Blog]

Aug 30, 2023 - AB 195 established a “baseline ” level of annual funding for these programs and included some mechanisms intended to maintain funding at the baseline. Most notably, AB 195 appropriated $150 million General Fund to backfill funding shortfalls if cannabis revenues came in lower than expected in 2022-23 or 2023-24.
https://lao.ca.gov/LAOEconTax/article/Detail/781

Mental Health Services Act: Proposed Bond to Fund Behavioral Health Facilities and Veterans Housing

Aug 17, 2023 - Most relevant to AB  531, the proposals include $25  billion for home ownership and construction (SB  834 [Portantino]), $10  billion for affordable rental housing and home ownership programs (AB  1657 [Wicks]), and $5.2  billion for substance use treatment and other behavioral health programs (AB  1510 [Jones-Sawyer]).
https://lao.ca.gov/Publications/Report/4790

Mental Health Services Act: Impact of Governor's Proposal on Funding for Children and Youth

Aug 10, 2023 - The Governor’s proposal is reflected in (1) SB 326 (Eggman), as amended on July 13, 2023, which would make far-reaching changes to the Mental Health Services Act (MHSA), and (2) AB 531 (Irwin), as amended June 19, 2023, which proposes a $4.7 billion bond for behavioral health facilities and housing for veterans.
https://lao.ca.gov/Publications/Report/4786

Mental Health Services Act: Revenue Volatility and the Governor’s Proposal to Reduce Allowable County Reserves

Jul 13, 2023 - The proposal is currently moving through the Legislature in two companion bills —SB  326 (Eggman) and AB  531 (Irwin). Specifically, the Governor proposes a general obligation bond for the March  2024 ballot that would raise $4.7  billion.
https://lao.ca.gov/Publications/Report/4780