Addressing Capital Renewal at UC and CSU

Jan 5, 2023 - Over the next ten years, the University of California (UC) projects $12  billion in capital renewal needs will emerge across its academic facilities, while the California State University (CSU) projects $3.1  billion in emerging capital renewal needs.
https://lao.ca.gov/Publications/Report/4657

Third Round of Federal Higher Education Relief Funding

May 3, 2021 - As Figure  1 shows, California ’s higher education institutions received a total of $1.8  billion in the first round of federal relief under the CARES Act, followed by a total of $3.1  billion in the second round under CRRSAA.
https://lao.ca.gov/Publications/Report/4421

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

Jan 13, 2025 - For example, the administration’s estimate of baseline costs in Medi‑Cal, the state’s Medicaid program, is higher than our November 2024 estimate by $3.1 billion in 2025‑26. This is largely due to increased pharmacy costs, higher caseload, and a lower General Fund offset from the MCO tax package.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: California State University

Feb 7, 2023 - As of January 2023, CSU reports a modest (3.1  percent) increase in freshmen applicants for fall 2023 compared to the previous year. However, this is offset by a larger (11  percent) decrease in transfer applicants, reflecting the continued impact of community enrollment declines on CSU ’s transfer pipeline.
https://lao.ca.gov/Publications/Report/4671

The 2023-24 Budget: Scholarshare Investment Board

Mar 7, 2023 - . $3.1  million one time and $900,000 ongoing to send notification letters informing participants ’ families of their accounts. $1  million one time for a marketing campaign to increase awareness of the CalKIDS program.
https://lao.ca.gov/Publications/Report/4731

The 2021-22 Spending Plan: Higher Education

Oct 11, 2021 - Of this increase, over half ($3.6  million) is for state operations and the remainder ($3.1  million) is for local assistance programs. The budget increases the State Library ’s ongoing staffing by 20 positions (14  percent) over the 2020 ‑21 level, with half of the new positions to help administer the various new local initiatives and the other half to implement certain state-level initiatives (such as developing a database of state grant opportunities).
https://lao.ca.gov/Publications/Report/4461

The 2024-25 Budget: California Community Colleges

Feb 21, 2024 - Whereas unrestricted reserves totaled $1.8  billion (22  percent of expenditures) in 2018 ‑19, they grew to an estimated $3.1  billion (33  percent of expenditures) in 2022 ‑23. Both the Government Finance Officers Association and the Chancellor ’s Office ’s recommend that unrestricted reserves comprise a minimum of 16.7  percent (two months) of expenditures.
https://lao.ca.gov/Publications/Report/4853

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

Nov 16, 2022 - This slower growth triggers reserve withdrawals of $2.4  billion in 2023 ‑24, $3.1  billion in 2024 ‑25, and $2.8  billion in 2025 ‑26. The state would begin building back the reserve balance once the guarantee begins to grow more quickly.
https://lao.ca.gov/Publications/Report/4648

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - The remainder of the surplus —$12.1   billion —is proposed for purposes not excluded from the SAL, including $8.5  billion in spending ‑related proposals, the $3.1  billion balance of the SFEU, and about $600  million to repay special fund loans.
https://lao.ca.gov/Publications/Report/4492

An Overview of Federal Higher Education Relief

Apr 28, 2020 - Figure 3 Relief Fund Provides Additional $83 Million to Minority ‑Serving Institutions in California (In Millions) Promoting Postbaccalaureate Opportunities for Hispanic Americans 6.6 Strengthening Asian American and Native American Pacific Islander ‑Serving Institutions 3.1 Strengthening Historically Black Graduate Institutions 0.3 Total $82.8 a The Coronavirus Aid, Relief, and
https://lao.ca.gov/Publications/Report/4225