The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - The changes are intended to simplify the form by reducing the number of questions students and families need to answer and transferring data directly from their previous tax filings. After a one ‑year delay in the original launch date, the revised FAFSA is now in the midst of being implemented across the nation for the first time.
https://lao.ca.gov/Publications/Report/4865

The 2024-25 Budget: In-Home Supportive Services

Feb 29, 2024 - We will continue to work with the administration to monitor expenditures and provide updates at the May Revision if necessary. However, by better aligning the budgeted amount with actual program expenditures, it is likely that for 2023-24 and 2024-25 combined, there could be savings of over $25  million General Fund.
https://lao.ca.gov/Publications/Report/4868

Review of the Funding Determination Process for Nonclassroom-Based Charter Schools

Feb 29, 2024 - A  dependent charter school also commonly has its expenditure data integrated within the authorizer ’s data, not reported separately. Conversely, “independent ” charter schools report their expenditure data separately from their authorizers and are likely to  be  directly  funded.
https://lao.ca.gov/Publications/Report/4870

The 2024-25 Budget: Broadband Infrastructure

Feb 28, 2024 - CPUC proposes to increase its CASF local assistance expenditure authority from the current $72.6 million to $136.2 million in 2024‑25 and ongoing. An additional $13.8 million in CASF expenditure authority is requested primarily to cover state operations costs, for a total expenditure authority request of $150 million.
https://lao.ca.gov/Publications/Report/4867

Overview of State Bond Debt Service [EconTax Blog]

Feb 27, 2024 - As shown in Figure 4, total annual debt service in 2022-23 was about 3.2  percent of General Fund expenditures, but only about 2.5  percent when looking only at the portion of debt service payments that are paid from the General Fund.
https://lao.ca.gov/LAOEconTax/Article/Detail/798

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - 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/799

Cannabis Tax Revenue Update: February 2024 [EconTax Blog]

Feb 27, 2024 - 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/799

The 2024-25 Budget: Insolvency Risks for Environmental and Transportation Special Funds

Feb 27, 2024 - Typically, doing so requires increasing existing taxes or fees or establishing a new revenue stream. In some circumstances, fee or tax increases must be approved by the Legislature or by voters. In  other cases, the Legislature has granted the administration statutory authority to increase charges, sometimes up to a threshold or according to a schedule.
https://lao.ca.gov/Publications/Report/4858

The 2024-25 Budget: Department of Health Care Access and Information

Feb 27, 2024 - MCO Tax Package Augmented Support for Hospital Relief Programs. As noted in the “Health Care Workforce Proposals ” section of this post, last year ’s budget enacted a multiyear plan for the MCO tax. As part of this plan, the Legislature designated $200  million one-time MCO tax funds for HCAI hospital relief programs in 2023 ‑24.
https://lao.ca.gov/Publications/Report/4860

The 2024-25 Budget: Child Welfare

Feb 26, 2024 - FFPSA Part I extension of expenditure authority — — Governor ’s budget proposes to extend the expenditure deadline for local child welfare agencies to spend their grant dollars for the state Family First Prevention Services Block Grant for four years, to June 30, 2028.
https://lao.ca.gov/Publications/Report/4855