The 2024-25 Budget: California Student Aid Commission

Feb 29, 2024 - This brings estimated Cal Grant spending in 2023 ‑24 to $2.4   billion —a $182  million (8.2  percent) increase over the previous year. This above ‑average annual growth follows three consecutive years of small decreases in Cal  Grant spending (with recipients and average award amounts affected throughout the pandemic).
https://lao.ca.gov/Publications/Report/4865

The 2026-27 Budget: University of California

Feb 26, 2026 - UC estimates its health care costs will grow by 8.2  percent, while its employer contribution rate to UCRP will be 17.2  percent of payroll, up from 16.5  percent of payroll in 2025 ‑26. Cover the cost associated with enrollment growth, particularly for the hiring of additional faculty and support staff.
https://lao.ca.gov/Publications/Report/5143

The 2020-21 Spending Plan: Higher Education

Oct 16, 2020 - For 2020‑21, the budget further reduces Proposition 98 spending for community colleges to $8.4 billion —reflecting a drop of $745 million (8.2 percent) from the revised prior-year level. Of the $8.4 billion, $5.1 billion is state General Fund and $3.3 billion is local property tax revenue.
https://lao.ca.gov/Publications/Report/4284

UC Merced at 20: Campus Developments and Key State-Level Takeaways

Nov 7, 2024 - In 2022 ‑23, 8.2  percent of UC Merced ’s expenditures were for interest payments on its bonds for capital projects, compared to 3  percent for other UC campuses without a medical center. UC Merced anticipates that it will continue spending a relatively high share of its annual budget on interest payments for at least a few more decades as much of its debt for capital projects is being financed over about 30 years.
https://lao.ca.gov/Publications/Report/4937

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - For 2022 ‑23, the guarantee is up $8.2  billion (8.8  percent) relative to the 2021 ‑22  enacted budget level. These increases —combined with nearly $1.6  billion freed up from the expiration of various one ‑time Proposition  98 costs —make $17.7  billion available for new commitments.
https://lao.ca.gov/Publications/Report/4492