May 2023

Financial Aid

California Student Aid Commission Spending Proposals Under Governor’s Budget and May Revision

General Fund Changes, 2023-24 (In Millions)

  Governor's Budget May Revision Change
Ongoing Spending      
Cal Grant baseline adjustmentsa -$10 $42 $51
Program administration and outreach 1b 1c —
Other financial aid program adjustmentsa —d —d —d
Subtotals (-$8) ($43) ($51)
One-Time Initiatives      
Middle Class Scholarship augmentatione $226 $229 $3
Golden State Teacher Grantsf 49 98 49
Cybersecurity activities 1 1 —
Subtotals ($276) ($328) ($52)
Totals $267 $371 $103
       
a Adjustments are relative to 2022-23 spending as reflected in Governor's January budget.  
b Consists of $590,000 for 3 new positions, $500,000 in unallocated funds, $120,000 for high school toolkits, and a reduction of $45,000 due to adjustments in employee compensation costs.
c Consists of $987,000 for 7 new positions, $120,000 for high school toolkits, $103,000 for Cash for College and a reduction of $45,000 due to adjustments in employee compensation costs.
d Less than $500,000.
e The 2022-23 budget agreement included intent to provide these funds. The May Revision includes a technical correction to bring total program funding to $859 million in 2023-24, consistent with the agreement.
f The 2021‑22 Budget Act appropriated $500 million to be spread over 2021‑22 through 2025‑26. The amount shown reflects the amount budgeted for 2023-24. The May Revision includes a technical correction to bring the amount to $98 million, as intended.