Cannabis Tax Revenue Update: November 2023 [EconTax Blog]

Nov 30, 2023 - Proposition 64 created two excise taxes on cannabis: a retail excise tax and a cultivation tax. Chapter 56, Statutes of 2022 (AB 195, Committee on Budget) eliminated the cultivation tax on July 1, 2022.
https://lao.ca.gov/LAOEconTax/article/Detail/790

The 2024-25 Budget: Department of Justice

Feb 9, 2024 - This means the Legislature receives key revenue and expenditure information to monitor the health of t hese funds and makes decisions about how much funding should be available from them to support DOJ litigation activities.
https://lao.ca.gov/Publications/Report/4831

The 2022-23 California Spending Plan: Other Provisions

Sep 27, 2022 - (System stabilization funding is available for encumbrance or expenditure until June 30, 2026, and technology modernization funding is availab le for encumbrance or expenditure until June  30,  2028.)
https://lao.ca.gov/Publications/Report/4626

Cannabis and certain psychedelic drugs. [Ballot]

Dec 18, 2023 - Cannabis-Related Taxes. Adult use cannabis is subject to state and local sales taxes. Both adult use and medicinal cannabis are subject to a 15 percent state excise tax, which generated over half a billion dollars in revenue in 2022-23.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-032

The 2024-25 Budget: Salton Sea Management Program

Feb 26, 2024 - Beginning in 2026‑27, the Governor proposes to support the 18 positions with the Salton Sea Lithium Fund, which is anticipated to receive revenue from a lithium extraction tax in the coming years. Weigh Trade ‑Offs of Funding the Governor ’s Proposed Salton Sea Projects —Perhaps at a Partial Level —Against Other Budget Priorities.
https://lao.ca.gov/Publications/Report/4859

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

Jul 13, 2023 - While the degree to which expenditures on these other activities would squeeze out potential reserve deposits under the Governor ’s proposal is unclear, we think imposing caps on both reserve deposits and cumulative reserve balances may be overly constraining.
https://lao.ca.gov/Publications/Report/4780

The 2022-23 Budget: Initial Comments on the State Appropriations Limit Proposal

Feb 4, 2022 - The  Constitution also allows expenditures on emergencies to be excluded from appropriations subject to the limit. However, those expenditures must meet three specific conditions. The spending must be: (1)  related to an emergency declaration by the Governor, (2)  approved by a two ‑thirds vote of the Legislature, and (3)  dedicated to an account for expenditures relating to that emergency.
https://lao.ca.gov/Publications/Report/4515

The 2024-25 Budget: Sustainable Funding for the Department of Pesticide Regulation [Publication Details]

Mar 5, 2024 - In this post, we assess the Governor's proposal to increase the mill assessment—a tax levied on pesticides when first sold into or within the state—to address the structural deficit within the Department of Pesticide Regulation’s special fund and to support various programmatic expansions for the department.
https://lao.ca.gov/Publications/Detail/4873

The 2023-24 Budget: Proposed Reauthorization of AB 8 Vehicle Fees

Feb 24, 2023 - Another option the Legislature could consider is to also charge these fees to heavy ‑duty vehicle owners, given that such vehicles cause air pollution and GHG emissions at an even greater level than passenger vehicles and currently are an area of focus for expenditures of this funding.
https://lao.ca.gov/Publications/Report/4708

Mental Health Services Act: Proposed Change in Mental Health Services Oversight and Accountability Commission’s Role

Jul 13, 2023 - The department collects MHSA revenue and expenditure data, reviews prudent reserve levels, and monitors whether county expenditures match county planning documen ts. DHCS also oversees the Mental Health Service Fund (the special fund into which MHSA revenues are deposited) and calculates whether any county MHSA fund balances are subject to reversion.
https://lao.ca.gov/Publications/Report/4781