The 2023-24 Budget: California State University

Feb 7, 2023 - To reduce near ‑term spending, the Governor proposes to rescind $405  million one ‑time General Fund provided for six CSU capital projects in 2022 ‑23 and instead provide $27  million ongoing General Fund beginning in 2023 ‑24 to debt finance these projects using university bonds.
https://lao.ca.gov/Publications/Report/4671

The 2023-24 Budget: Higher Education Overview

Jan 31, 2023 - As part of his budget solutions, the Governor is proposing to provide CSU with an ongoing $27  million General Fund augmentation to cover debt service on six capital budgets (rather than providing $405  million upfront for the projects).
https://lao.ca.gov/Publications/Report/4664

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - The state began using payment deferrals during the dot ‑com bust but relied much more heavily on them during the Great Recession. The practice of deferring college payments peaked in 2011 ‑12, when the state deferred a total of $ 961  m illion in CCC payments —accounting for nearly 30  p ercent of CCC Proposition  98 General Fund support.
https://lao.ca.gov/Publications/Report/4307