Comparing Costs of Existing Programs With LAO Estimates of the Minimum Guarantee [EdBudget]

Spring 2020

Comparing Costs of Existing Programs With LAO Estimates of the Minimum Guarantee

(In Millions)

	2018-19	2019-20	2020-21	Three-Year Totals
Costs of Existing Programs	$78,508	$80,300	$82,060^a	$240,868

U-Shaped Scenario
Minimum guarantee	$78,508	$78,328	$73,884	$230,720
Difference from existing program costs	0	1,972	8,176	10,148

L-Shaped Scenario
Minimum guarantee	$78,508	$77,846	$69,100	$225,455
Difference from existing program costs	0	2,454	12,960	15,413

^a Reflects cost of maintaining programs funded in the 2019-20 budget plan, adjusted for changes in attendance and the statutory cost-of-living adjustment (2.31 percent).