The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - Ongoing General Fund support for the California State Library decreases by a net of $4.0  million (7.6  percent). This decrease mainly consists of a $2.5  million reduction for the Lunch at the Library program and a $1.8  million reduction for the California Library Services Act.
https://lao.ca.gov/Publications/Report/4926

The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 16, 2022 - After making these adjustments, $7.6  billion in funding is available. Regarding cost increases, we estimate that covering the 8.73  percent statutory COLA would cost $7.9  billion. Consistent with current law, we assume the state reduces the COLA rate to 8.38   percent —lowering the cost by approximately $300   million —to fit within the $7.6  billion available.
https://lao.ca.gov/Publications/Report/4648

Update on Community College Reserves

Jan 27, 2021 - In contrast to unrestricted reserves, systemwide restricted reserves dropped $41  million (10  percent) from June 30, 2019 to June 20, 2020 —falling to $360  million. Restricted reserves fell from 18  percent of annual restricted expenditures to 16  percent.
https://lao.ca.gov/Publications/Report/4323

The 2015-16 Budget: Major Features of the Adopted Plan (Higher Education)

Jun 19, 2015 - The ongoing increase also includes (1) $7.6 million for lease-revenue debt service for previously approved capi tal projects and (2) $500,000 for the Center for California Studies to replace funding previously provided from the Assembly ’s budget and to increase staff and fellow stipends.
https://lao.ca.gov/Publications/Report/3275

The 2023-24 Budget: University of California

Feb 15, 2023 - UC ’s Capital Financial Plan 2021 ‑27 included a $360  million state ‑eligible energy project for the Berkeley campus that was not yet funded. UC ’s Capital Financial Plan 2022 ‑28 includes the $249  million the state authorized for the project last year, but it also identifies $700  million in state ‑eligible project costs not yet funded.
https://lao.ca.gov/Publications/Report/4684

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Under the administration ’s revenue estimates, the Constitution would require the state to deposit $7.6  billion into the Budget Stabilization Account (BSA) and spend an additional $3.4  billion to pay down debts.
https://lao.ca.gov/Publications/Report/4432

The 2020-21 Budget: Analyzing UC and CSU Cost Pressures

Dec 18, 2019 - For example, CSU estimates it would have to spend about $ 360 m illion more in 2020 ‑21 just to keep its backlog from growing. While comparable estimates do not exist for UC, the magnitude of these costs likely are similar to CSU.
https://lao.ca.gov/Publications/Report/4127

The 2021-22 Budget: California Community Colleges

Feb 16, 2021 - (Statute generally requires high school students to take at least 360 m inutes —six hours —of high school coursework to generate ADA funding.) Legislature Authorized CCAP Several Years Ago. Chapter   618 o f 2015 (A B  288 , Holden) created CCAP.
https://lao.ca.gov/Publications/Report/4372

The 2018-19 Budget: California State Library

Apr 13, 2018 - The administration indicates that to date, local libraries have contributed a $7.6  million match to connect to the backbone. Local Libraries Receive Other Internet Discounts. In addition to state funding for infrastructure costs to connect to the CENIC-managed backbone, local libraries are eligible for certain discounts to help them pay their monthly Internet service charges.
https://lao.ca.gov/Publications/Report/3810