The 2025-26 Budget: Scholarshare Investment Board

Apr 30, 2025 - Second, SIB provides a deposit of $500 to first graders who are low income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are experiencing homelessness (for a maximum deposit of $1,500).
https://lao.ca.gov/Publications/Report/5035

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

May 17, 2021 - The largest proposals include $500  million for Golden State teacher grants and a $500  million endowment for learning-aligned employment. Reserves and Debt $11  Billion in Constitutional Reserve and Debt Requirements.
https://lao.ca.gov/Publications/Report/4432

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - The budget removes the $5  million ongoing General Fund appropriation provided to the Scholarshare Investment Board (SIB) for financial literacy outreach and reverts a total of $9.5  million in unspent funds provided in previous years for this purpose.
https://lao.ca.gov/Publications/Report/4926

The 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - Under the second component of the CalKIDS program, SIB is to provide a deposit of $500 to each first grader who is low-income (as defined under the Local Control Funding Formula). First graders qualify for an additional $500 deposit if they are foster youth and an additional $500 deposit if they are homeless, leading to a maximum deposit of $1,500.
https://lao.ca.gov/Publications/Report/4731

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - Figure 5 Governor Has Three CalKIDS Outreach Proposals General Fund (In Millions)
https://lao.ca.gov/Publications/Report/4548

The 2021-22 Spending Plan: Higher Education

Oct 11, 2021 - According to the administration, $89  million will support programmatic and administrative costs, while the remaining $67  million will support stipends (up to $7,000) and scholarships (up to $3,000) for 6,250 students.
https://lao.ca.gov/Publications/Report/4461

The 2022-23 California Spending Plan: Higher Education

Oct 4, 2022 - The two years of additional funding will allow for the continuation of stipends (up to $7,000 each) and scholarships (up to $3,000 each) for 6,500 students. Budget Provides Funding for Student Loan Borrower Assistance.
https://lao.ca.gov/Publications/Report/4632

The 2025-26 California Spending Plan: Higher Education

Nov 14, 2025 - The $50  million is in addition to the $500  million one-time General Fund appropriation provided in the 2021-22 Budget Act for this program. Along with the additional funding, trailer legislation extends the program by one year, through June 30, 2026.
https://lao.ca.gov/Publications/Report/5089

The 2017-18 Budget: Analysis of the May Revision Education Proposals

May 15, 2017 - If the entire $1 billion in settle ‑up were used in 2016 ‑17, we estimate the 2017 ‑18 the minimum guarantee would be about $500 million lower than the May Revision Proposition 98 funding level. The state also could consider using settle ‑up payments to free up any lesser amount of funding for the rest of the budget, thereby keeping total Proposition 98 funding closer to the May Revision level.
https://lao.ca.gov/Publications/Report/3670

What Is the Adult Education Block Grant?

Jan 6, 2016 - The 2015-16 Budget Act provided $500 million in ongoing Proposition 98 funding to regional consortia in two parts: (1) maintenance of effort (MOE) funding and (2) need-based funding. Under the MOE part, up to $375 million was earmarked for school districts and COEs that operated adult education programs in 2012-13 and subsequently became members of regional consortia.
https://lao.ca.gov/Publications/Report/3323