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

Jan 13, 2020 - BSA Reaches Maximum Threshold in 2021 ‑22. Under Proposition  2, the state must make deposits into the BSA until its balance reaches a threshold of 10  p ercent of General Fund taxes. Under the administration ’s estimates, the state reaches this threshold in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4135

The 2026-27 Budget: Re-Envisioning State Education Governance

Mar 18, 2026 - Considering Adding Legislative Appointees to the SBE. The Legislature could consider adding two legislative appointees to the SBE. These appointees could enable greater legislative oversight of the new governance system and ensure the SBE ’s policies are consistent with legislative intent.
https://lao.ca.gov/Publications/Report/5165

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

May 16, 2022 - Proposition   98 Reserve Reaches $9.5   Billion. In addition, the Proposition  98 Reserve, which is dedicated to school and community college spending, would reach $9.5  billion under the Governor ’s May Revision.
https://lao.ca.gov/Publications/Report/4598

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

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 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - The proposal effectively shifts that cost from this year to future budgets —helping address the current budget problem on a one ‑time basis, but adding to the large budget deficits the state is projecting over the next several years.
https://lao.ca.gov/Publications/Report/5110

The 2025-26 Budget: California State University

Feb 25, 2025 - Though the number of students shifted from self‑ to state‑supported courses is smaller in 2024‑25 compared to 2023‑24 (745 FTE students shifted in summer 2024 compared to 4,705 FTE students shifted the previous summer), the effect is still not adding new students but adding new state costs from shifting students formerly in self‑supported courses into state‑supported ones.
https://lao.ca.gov/Publications/Report/4989

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - Note: Excludes spending on  K ‑14  education, reserves, and debt (required by the California Constitution), and added costs to maintain existing policies. Figure also excludes some smaller spending proposals.
https://lao.ca.gov/Publications/Report/3916