The 19th annual edition of the LAO's Fiscal Outlook--a forecast of California's state General Fund revenues and expenditures over the next six years--reflects continued improvement
in the state's finances. A restrained budget for 2013-14, combined with our updated forecast of increased state revenues, has produced a promising budget situation for 2014-15.
Our forecast indicates that, absent any changes to current laws and policies, the state would end 2014-15 with a multibillion-dollar reserve. Continued caution is needed, however,
given that these surpluses are dependent on a number of assumptions that may not come to pass.
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California's Bureau for Private Postsecondary Education (Bureau) oversees private colleges operating in the state, but some institutions are exempt from the Bureau's oversight by virtue of their accreditation. In this report, we compare the oversight provided by regional and national college accrediting agencies with the Bureau's oversight to assess the extent to which accreditors and the Bureau provide the same level of student protection.PDF | HTML