May 2021
Deferral Paydowns Under May Revision
In Millions
K-12 Education | Community Colleges | Totals | |
Payment Deferrals (Enacted June 2020) | $11,042 | $1,453 | $12,495 |
Proposed Paydowns (May Revision):a | |||
Scored to 2019-20 | $0 | -$145 | -$145 |
Scored to 2020-21 | -4,624 | -901 | -5,525 |
Scored to 2021-22 | -3,801 | -408 | -4,208 |
Totals | -$8,424 | -$1,453 | -$9,878 |
Remaining Deferrals | $2,617 | $0 | $2,617 |
a Scoring reflects the year to which the payments are attributed for purposes of meeting the Proposition 98 guarantee. Districts will receive all of the associated cash in 2021-22. |