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The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan
The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges
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.
[PDF] The 2023-24 Budget: Overview of May Revision K-12 Education Proposals
May 15, 2023 - The 2023-24 Budget: Overview of May Revision K-12 Education Proposals
The 2023-24 Budget: One-Time K-12 Spending Proposals
February 16, 2023 - In this brief, we provide our analysis and recommendations regarding the administration’s proposals for using available 2021-22 Proposition 98 funds.
The 2022-23 California Spending Plan: Proposition 98
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.
[PDF] The 2022-23 Budget: Overview of May Revision K-12 Education Proposals
May 18, 2022 - This handout analyzes the overall structure of the Governor's May Revision plan for school funding, including an assessment of the major augmentations and the underlying estimates of the Proposition 98 minimum guarantee.
[PDF] The 2022-23 Budget: Expanded Learning Programs
February 16, 2022 - In his January budget, the Governor proposes an additional $3.6 billion for the Expanded Learning Opportunities Program and $149 million for the state’s longstanding expanded learning programs. In this post, we provide background on the state’s expanded learning programs, describe and assess the Governor’s proposal, and provide our recommendations to the Legislature.
The 2023-24 Budget: Transitional Kindergarten and State Preschool Proposals
February 14, 2023 - This brief provides an overview and analysis of the Governor’s proposals for transitional kindergarten and State Preschool.
The 2023-24 Budget: California Community Colleges
February 22, 2023 - In this brief, we analyze the Governor’s budget proposals for the California Community Colleges. We cover enrollment, apportionments, Student Centered Funding Formula funding protections, and facilities maintenance.
The 2014-15 Budget: Proposition 98 Education Analysis
February 14, 2014 - This report analyzes the Governor's 2014-15 Proposition 98 budget proposals. The Governor’s 2014-15 budget includes $11.8 billion in Proposition 98 spending increases (attributable to 2012-13, 2013-14, and 2014-15). Of that amount, the Governor dedicates $6.7 billion to paying off outstanding one-time obligations and $5.1 billion for ongoing programmatic increases. We believe the Governor's plan is a reasonable mix of one-time and ongoing spending--eliminating the largest outstanding one-time obligation and significantly increasing ongoing programmatic support for schools and community colleges. The Governor's Proposition 98 wall of debt plan also includes a reasonable multiyear approach to paying off all outstanding school and community college obligations one year before the expiration of Proposition 30 revenues. Our report also analyzes the Governor's specific proposals for career technical education, student assessments, and independent study programs. Though we think these proposals generally have merit, we offer various recommendations for refining them.
EdBudget Tables (January 2017)
January 13, 2017 - At key times during the state's budget cycle, we post tables containing important information about the education parts of the budget. This initial January posting reflects the 2017-18 Governor's Budget proposals. The tables cover Proposition 98, K-12 education, child care and preschool, higher education, and student financial aid. We will publish additional tables as we have them available.
[PDF] California Spending Plan 2006-07: The Budget Act and Related Legislation
September 26, 2006 - The state spending plan for 2006-07 includes total budget expenditures of $128.4 billion, sharply increasing funding for education, providing targeted increases in several other program areas, and prepaying nearly $3 billion in budgetary debt. The expanded commitments included in this spending plan are in striking contrast to the four previous years, when policymakers were faced with closing major budget shortfalls. Despite much stronger-than-expected revenues, 2006-07 expenditures exceed revenues, with the difference being covered by the drawdown of carryover reserves available from 2005-06. Based on our out-year estimates of revenues and expenditures, we estimate that this imbalance will continue in 2007-08 and 2008-09 absent corrective action, with annual operating shortfalls in the range of $4.5 billion and $5 billion projected for this period.
[PDF] The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges
November 17, 2021 - 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 revenue projections that are significantly above the June 2021 estimates, we estimate the guarantee in 2022‑23 is $11.6 billion (12.4 percent) above the 2021‑22 enacted budget level. After accounting for various adjustments—backing out one‑time expenditures, funding a 5.35 percent cost‑of‑living adjustment, and making required reserve deposits—we estimate that $9.5 billion is available for new commitments. In addition, we estimate that $10.2 billion in one‑time funding is available due to increases in the guarantee in 2020‑21 and 2021‑22. In total, we estimate nearly $20 billion is available to allocate in the upcoming budget cycle. To help the Legislature prepare to allocate this funding, we outline several options that would build upon existing programs, expand services in targeted ways, and address future costs and uncertainties.
The 2018-19 Budget: Overview of the Governor’s Proposition 98 Budget Package
January 18, 2018 - The Governor presented his budget package to the Legislature on January 10, 2018. This web post provides an overview and assessment of the largest component of that package—the Proposition 98 budget.
[PDF] Proposition 98: May Revision Overview
May 18, 2015 - Presented to Assembly Budget Subcommittee No. 2 on Education Finance
The 2022-23 Budget: Local Control Funding Formula
January 28, 2022 - In his January budget, the Governor proposes to provide a 5.33 percent cost-of-living adjustment to the Local Control Funding Formula (LCFF) and change the formula to soften the impact of declining attendance on school districts. In this post, we provide background on LCFF, describe and assess the Governor’s proposals, and provide our recommendations to the Legislature.