This week two Senate Committees held cannabis related hearings. The Senate Governance and Finance Committee, chaired by Senator Mike McGuire (D-San Rafael), convened on Tuesday to mainly discuss compliance issues with industry and law enforcement as well as issues about the administration of cannabis taxes statewide. Arguably, the star of the hearing, however, was an…
Read More »The Legislative Analyst’s Office (LAO) released a report earlier this week on Governor Brown’s cannabis implementation proposals. The LAO agreed with the Governor that aligning the statewide regulatory structures for both medical and adult use cannabis is reasonable, but noted several uncertainties regarding the resources needed to implement both programs, the aggressive timeline for implementation,…
Read More »On Monday, the Senate Budget and Fiscal Review Committee convened their first hearing on the Governor’s 2017-18 budget proposal. Members serving on the Committee include Senator Holly Mitchell (Chair)(D) – who previously served as chair of Senate Budget Subcommittee No. 3 on Health and Human Services –, Jim Nielsen (Vice Chair) (R), Joel Anderson (R),…
Read More »Governor Brown’s Budget Release The Governor released his 2017-18 budget proposal this past Tuesday. Unlike in recent years, the Governor projects a $1.6 billion deficit in the forthcoming fiscal year. While the Governor remarked on the looming federal changes ahead, his proposal continues to assume current federal policies and funding levels. CHEAC prepared a summary…
Read More »Governor Brown is expected to unveil his 2017-18 budget plan next week. CHEAC will provide an overview of the Governor’s budget post-release. As a refresher, CHEAC’s write-up of the LAO’s fiscal outlook can be found here.
Read More »This week, the Legislative Analyst’s Office (LAO) released their annual forecast for upcoming fiscal years. With the current economic projections and budget commitments, the LAO projects 2017-18 will continue to be a positive year, with an estimate of $11.5 billion in total reserves. Medi-Cal spending and General Fund costs are predicted to increase, in 2017-18…
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