Over the weekend, the Governor and Legislative leaders finalized the state’s massive $209 billion budget via conference committee. The conference committee represents the final stage of budget negotiations where Assembly, Senate and Administration leaders hammer out the final details of what will be in and/or out of the final budget bill.
LeadingAge California was successful at working with the California Aging & Disability Alliance to secure a $1 million line item to conduct a feasibility and actuarial analysis of a long-term services and supports financing system.
Under the Department of Health Care Services, the state will contract with an qualified entity to conduct the study with input from stakeholders. The study will include:
- a projection of cost estimates of alternative financing and service options
- possible impacts on existing state funded programs and services (including Medi-Cal and IHSS)
The results of the study are due to the fiscal and policy committees of the Legislature and Department of Finance by July 1, 2020. The budget bill, AB 74 (Ting, D-San Francisco), is expected to be signed by Governor Newsom before the June 15 deadline.