The 2023-24 Budget: Student Housing

Mar 9, 2023 - The Governor also proposes to delay the launch of the California Student Housing Revolving Loan Program by one year —pushing back the start from 2023 ‑24 to 2024 ‑25. Additionally, rather than providing program funds of $900  million the first year and another $900  million the following year, the Governor
https://lao.ca.gov/Publications/Report/4733

The 2023-24 Budget: College of the Law, San Francisco

Mar 8, 2023 - School Is Responsible for Campus Safety. UC Law SF is located in downtown San Francisco between the Civic Center and the Tenderloin District. Over the years, the school has faced public safety issues.
https://lao.ca.gov/Publications/Report/4732

The 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - First, based on recent school enrollment projections, the amount budgeted for first-grader deposits in 2022-23 is likely also too high. Second, some of the funding the state provided in previous years for the newborn component likely remains unspent.
https://lao.ca.gov/Publications/Report/4731

The 2023-24 Budget: California Student Aid Commission

Feb 23, 2023 - First, it would reduce the number of years that recipients are expected to work at a priority school from four years to three years. Second, it would allow recipients to instead complete their service requirement at a school that is not on the priority list.
https://lao.ca.gov/Publications/Report/4702

The 2023-24 Budget: California Community Colleges

Feb 22, 2023 - Through 2024 ‑25, districts funded according to the hold harmless provision receive whatever they generated in 2017 ‑18 under the old formula, plus any subsequent apportionment COLA provided by the state.
https://lao.ca.gov/Publications/Report/4695

The 2023-24 Budget: University of California

Feb 15, 2023 - Most capital projects of this scale are debt ‑financed, with costs effectively spread over many years consistent with a facility ’s useful life. Using such an approach, the state would save a total of $154.5  million General Fund from 2022 ‑23 through 2024 ‑25.
https://lao.ca.gov/Publications/Report/4684

The 2023-24 Budget: California State University

Feb 7, 2023 - The number of high school graduates next year is projected to increase by 0.6  percent, allowing for some demographically driven growth among new students in 2024 ‑25. However, the smaller incoming cohorts from the past couple of years will still be enrolled, potentially leading continuing student enrollment to remain low.
https://lao.ca.gov/Publications/Report/4671

The 2023-24 Budget: Higher Education Overview

Jan 31, 2023 - Last year, the community college budget had a proportionally larger budget cushion than school districts. Because the Governor’s higher education spending plan does not have any new core operating shortfall akin to the LCFF shortfall, the higher education segments would be in a stronger fiscal position than school districts entering 2024‑25.
https://lao.ca.gov/Publications/Report/4664

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - We define a delay as an expenditure reduction that occurs in the budget window (2021 ‑22 through 2023 ‑24), but has an associated expenditure increase in a future year of the multiyear window (2024 ‑25 through 2026 ‑27).
https://lao.ca.gov/Publications/Report/4662

Addressing Capital Renewal at UC and CSU

Jan 5, 2023 - The state then provided $325  million in one ‑time funds to each segment just one year later in 2021 ‑22, when it had a significant budget surplus. Figure 3 State Funding for Deferred Maintenance Projects Varies From Year to Year One ‑Time General Fund (In Millions) 2015 ‑16
https://lao.ca.gov/Publications/Report/4657