May 2023

Higher Education

Higher Education General Fund Support Under Governor's Budget and May Revision

Ongoing General Fund Unless Otherwise Noted (In Millions)

      CCCa     CSUb UC CSAC Totals
Ongoing General Fund          
2022-23 Revised at May Revision $12,260 $5,050 $4,374 $2,500 $24,183
2023-24 Governor's Budget $12,569 $5,344 $4,630 $2,529 $25,072
2023-24 May Revision $12,312 $5,405 $4,696 $2,581 $24,994
Amount Change from 2022-23     
2023-24 Governor's Budget $309 $294 $256 $30 $889
2023-24 May Revision $52 $355 $323 $81 $811
Difference from Governor's Budget -$258 $62 $66 $51 -$78
Percent Change from 2022-23     
2023-24 Governor's Budget 2.5% 5.8% 5.9% 1.2% 3.7%
2023-24 May Revision 0.4% 7.0% 7.4% 3.2% 3.4%c
           
a Reflects Proposition 98 funding, which consists of certain General Fund and local property tax revenues.
b Includes funding for pensions and retiree health benefits.
c The annual growth rate of Proposition 98 spending drops from 2.5 percent at Governor's budget to 0.4 percent at May Revision, whereas the annual growth rate in non-Proposition 98 spending increases from 4.9 percent at Governor's budget to 6.4 percent at May Revision.