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March 15, 2023 - Presented to: Senate Committee on Education
March 13, 2023 - Presented to: Assembly Budget Subcommittee No. 2 on Education Finance
March 10, 2023 - In this post, we describe the recent one-time state and federal funding that can be used flexibly by schools, discuss reporting requirements, and share the latest information regarding how much funding remains unspent.
Correction (3/14/23): Reporting requirements in Figure 3 have been corrected.
March 2, 2023 - Presented to: Senate Budget and Fiscal Review Subcommittee No. 1 on Education
February 28, 2023 - Presented to: Assembly Budget Subcommittee No. 2 on Education Finance
February 23, 2023 - This brief provides an overview and analysis of the Governor's proposals to (1) provide ongoing funding for the highest-poverty schools and (2) make several changes to the system of transparency and accountability.
February 13, 2023 - Presented to: Senate Committee on Budget and Fiscal Review
January 13, 2023 - On January 10, 2023, Governor Newsom presented his proposed state budget to the Legislature. In this report, we provide a brief summary of the proposed budget based on our initial review. In the coming weeks, we will analyze the plan in more detail and release several additional budget analyses.
January 9, 2023 - In this brief, we provide some historical background on the implementation of the Local Control Funding Formula (LCFF), describe how the formula works for school districts and charter schools, describe how the formula was phased in, and explain requirements for districts to adopt plans that describe how LCFF funding will be spent.
November 16, 2022 - Each year, the state calculates a “minimum guarantee” for school and community college funding based upon a set of formulas established by Proposition 98 (1988). Based upon recent signs of weakness in the economy, we estimate the guarantee in 2023‑24 is $2.2 billion (2 percent) below the 2022‑23 enacted budget level. Despite this drop, $7.6 billion would be available to provide increases for school and community college programs. In 2023‑24, the available funding could cover a cost‑of‑living adjustment (COLA) of up to 8.38 percent, which is slightly below our estimate of the statutory rate (8.73 percent). Over the next several years, growth in the guarantee and required reserve withdrawals would be just enough to cover the statutory COLA. Given this relatively precarious balance, we outline a few ways the Legislature could create a larger cushion to protect against revenue declines in the future.
November 16, 2022 - Assembly Budget Subcommittee No. 2 on Education Finance
October 24, 2022 - This post summarizes overall Proposition 98 funding and K-12 education spending in the 2022-23 budget package. It is part of our Spending Plan series, which contains posts focused on each major sector of the state budget.