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: California State Library

Mar 13, 2024 - Chapter  21 of 2021 (AB  128, Ting) appropriated $439  million one-time General Fund to support local library infrastructure projects. Chapter  249 of 2022 (AB  179, Ting) appropriated an additional $50  million one-time General Fund for the same purpose.
https://lao.ca.gov/Publications/Report/4882

New Infrastructure Legislation: Summary and Issues for Legislative Oversight

Aug 8, 2023 - Sunsets Governor ’s new authority to certify certain water, transportation, clean energy, and semiconductor or microelectronic projects for streamlined CEQA judicial review expires on January 1, 2032.
https://lao.ca.gov/Publications/Report/4785

The 2023-24 Budget: Overview of Information Security Proposals [Publication Details]

Mar 23, 2023 - This post provides an overview of information security (IS) proposals in the Governor’s 2023-24 budget, including our assessment and recommendations across the proposals and specific to the California Cybersecurity Integration Center (Cal-CSIC).
https://lao.ca.gov/Publications/Detail/4748

The 2023-24 Budget: Overview of Information Security Proposals

Mar 23, 2023 - School Cybersecurity (AB 2355) Proposal Exceeds Requirements of AB  2355. Cal-CSIC ’s preliminary estimate of the resources needed to help LEAs goes beyond the specific requirements of AB  2355 in three key ways.
https://lao.ca.gov/Publications/Report/4748

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - AB 156 also requires the Department of FI$Cal to submit a new biennial report to the Legislature, beginning October 31, 2023, with the status of roadmap activities required to be completed on or before July 1, 2032 including (but not limited to) adding all remaining non-exempt departments to FI$Cal and integrating the accounting book of record into the system.
https://lao.ca.gov/Publications/Report/4626

Evaluation of a Tax Exemption for Zero-Emission Buses [Publication Details]

Apr 15, 2024 - Published in accordance with Chapter 353 of 2022 (AB 2622, Mullin), which directs our office to review the effectiveness of a partial sales tax exemption for zero-emission buses.
https://lao.ca.gov/Publications/Detail/4890

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

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