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

Oct 24, 2023 - For example, in 2017, AB  398 added the requirement that half of eligible offsets for the program be from projects that provide direct environmental benefits in California. What Will Happen to the Program After 2030?
https://lao.ca.gov/Publications/Report/4811

The 2023-24 California Spending Plan: Health

Oct 23, 2023 - The program is set to sunset in January 2032. In addition to creating this program, the early action legislation enhances existing hospital financial reporting requirements to HCAI to better identify which hospitals are experiencing financial distress.
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 - This includes $3  million in 2023 ‑24 (of which $500,000 is ongoing) and two positions to support the implementation of Chapter  341 of 2022 (AB  1757, Garcia). It also includes funding to implement various other bills that the Legislature passed in 2022, including Chapter  349 (AB  2278, Kalra), Chapter  338 (AB  1384, Gabriel), and Chapter  479 (AB  2022, Ramos).
https://lao.ca.gov/Publications/Report/4807

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 6 (Corrections)

Sep 7, 2023 - In 2018, the Legislature approved and the Governor signed Chapter  174 ( AB 2550 , Weber), adding Section 2644 of the Penal Code. This law seeks to protect females in prison from sexual assault, abuse, and other improper contact with male correctional officers.
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