The 2025-26 California Spending Plan: Proposition 98 and K-12 Education

Nov 10, 2025 - Eliminates Intent to Restore Zero-Emission School Bus Funding. The June 2023 budget reduced funding for the Zero-Emission School Bus and Infrastructure Program but expressed the Legislature ’s intent to provide additional funding in the future, including a $500  million appropriation in 2025-26.
https://lao.ca.gov/Publications/Report/5087

The 2026-27 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 19, 2025 - The 2026-27 Budget: Fiscal Outlook for Schools and Community Colleges 1 1 a Excludes non ‑tax revenues and transfers, which do not affect the calculation of the minimum guarantee. b This decline is deemed to be zero for the purpose of calculating the guarantee.
https://lao.ca.gov/Publications/Report/5093

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - The state constitution has a balanced budget requirement, which means the balance of the SFEU must be set above zero for the upcoming fiscal year. Any level above zero is up to the discretion of the Legislature.
https://lao.ca.gov/Publications/Report/4951

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

May 17, 2021 - CalEPA = California Environmental Protection Agency; CalFire = California Department of Forestry and Fire Protection; CalRecycle = California Department of Resources Recycling and Recovery; CARB = California Air Resources Board; ZEV = zero ‑emission vehicle; CCC = California Conservation Corps; CEC = California Energy Commission; CNRA = California Natural Resources Agency; DFW =
https://lao.ca.gov/Publications/Report/4432/7

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

Jan 13, 2023 - The Legislature can choose to set the SFEU balance at any level above zero and so our Fiscal Outlook did not assume a specific balance. (Recent budgets have enacted SFEU balances around $2  billion to $4  billion.
https://lao.ca.gov/Publications/Report/4662

The 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - Establishes New Grant Program to Fund Zero-Emission School Buses. The budget provides $1.5  billion for one-time grants to support the adoption of zero-emission school buses. Trailer legislation makes these funds available in installments of $300  million per year beginning in 2023-24.
https://lao.ca.gov/Publications/Report/4641

The 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - In contrast, the Proposition  98 Reserve has increased from zero in 2019 ‑20 to $9.5   billion —or nearly 9  percent of school and community college funding —under the Governor ’s May Revision estimates for  2022 ‑23.
https://lao.ca.gov/Publications/Report/4598

The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - While the Legislature could set this fund balance to any amount greater than zero, since 2015 ‑ 16 t he state has enacted balances in the SFEU of around $1. 5  b illion. $1.6   Billion in Ongoing Spending.
https://lao.ca.gov/Publications/Report/4135

A Review of the CalSTRS Funding Plan: State’s Future Responsibility for CalSTRS Uncertain

Feb 2, 2016 - Accordingly, in these scenarios the state ’s funding plan contribution drops to zero through the mid-2040s. (The state would continue to make other contributions to CalSTRS that are not determined by the funding plan ’s central calculation.)
https://lao.ca.gov/Publications/Report/3336

Update on State and School District Reserves

Apr 5, 2020 - Finally, the balance of the SFEU currently is nearly zero. Although the state enacted an SFEU level of $1.4 billion for 2019‑20, the administration transferred $1.3 billion from the SFEU to the state’s disaster fund to address the effects of coronavirus disease 2019 (COVID-19) pursuant to a letter dated March 25, 2020.
https://lao.ca.gov/Publications/Report/4216