CCC Capital Outlay Projects Under Governor's Budget and May Revision [EdBudget]

May 22, 2023 - Due to additional seismic work recently identified by the Division of the State Architect, the May Revision provides these supplemental amounts, bringing cumulative state costs in 2023-24 to $19.9 million, state costs in all years of $21.3 million, and total costs of $41.8 million.  
https://lao.ca.gov/Education/EdBudget/Details/718

The 2023-24 Budget: May Revision Proposals Related to the California Model and San Quentin State Prison

May 19, 2023 - We estimate that the Governor ’s proposed $360.6  million in lease revenue bond authority to build the educational and vocational center would require about $25  million General Fund in annual debt service payments for 25 years, beginning as early as 2025-26.
https://lao.ca.gov/Publications/Report/4771

High-quality public education (Version 2). [Ballot]

May 16, 2023 - File No. 23-0002) related to high-quality public schools. Background State Required to Provide a Public School System . The California Constitution requires the state to organize and fund a system of public schools that operates at least six months per year.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-002

High-quality public education (Version 3). [Ballot]

May 16, 2023 - File No. 23-0003) related to high-quality public schools. Background State Required to Provide a Public School System . The California Constitution requires the state to organize and fund a system of public schools that operates at least six months per year.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-003

High-quality public education (Version 1). [Ballot]

May 16, 2023 - Background State Required to Provide a Public School System . The California Constitution requires the state to organize and fund a system of public schools that operates at least six months per year.
https://lao.ca.gov/BallotAnalysis/Initiative/2023-001

The 2023-24 Budget: Initial Comments on the Governor's May Revision

May 15, 2023 - We define a delay as an expenditure reduction proposed for the budget window (2021‑22 through 2023‑24) with an associated cost increase in a future year of the multiyear (2024‑25 through 2026‑27). That is, the spending would be moved to a future year.
https://lao.ca.gov/Publications/Report/4769

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - In the last 30 years, comparable two-quarter declines have occurred only around the Dot-Com Recession and the Great Recession. Similarly, income tax withholding (the largest component of income tax collections) has declined 5 percent so far this year, a stark departure from the double digit growth of the preceding two years.
https://lao.ca.gov/LAOEconTax/Article/Detail/774

The 2023-24 Budget: May Revenue Outlook [EconTax Blog]

May 13, 2023 - In the last 30 years, comparable two-quarter declines have occurred only around the Dot-Com Recession and the Great Recession. Similarly, income tax withholding (the largest component of income tax collections) has declined 5 percent so far this year, a stark departure from the double digit growth of the preceding two years.
https://lao.ca.gov/LAOEconTax/article/Detail/774

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

May 13, 2023 - 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
https://lao.ca.gov/Education/EdBudget/Details/722

UC Spending Proposals Under Governor's Budget and May Revision [EdBudget]

May 13, 2023 - It would backfill these slots with the same number of additional resident undergraduate students. c The Governor proposes to rescind a total of $437 million in one-time General Fund provided for various student housing projects and instead provide funding for UC to debt finance these projects using university bonds with the state paying the associated debt service. d Per the 2022-23 budget
https://lao.ca.gov/Education/EdBudget/Details/724