Update on State and School District Reserves

Apr 5, 2020 - Although it has not yet been tested, we think there is an argument that the $3.1 billion balance of the BSA that was deposited on an “optional ” basis and therefore is not subject to the withdrawal rules governing the mandatory balance.
https://lao.ca.gov/Publications/Report/4216

The 2022-23 Budget: Update on K-12 Student Attendance

May 11, 2022 - Conversely, the 9 ‑12 grade span saw the lowest ADA declines of any grade span (3.1  percent). A major contributing factor may be 12th graders enrolling for a fifth year, as 12th grade enrollment increased by roughly 7,600 students during the  pandemic.
https://lao.ca.gov/Publications/Report/4595

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 2017-18 Budget: Initial Comments on the Governor’s May Revision

May 13, 2017 - This increase is largely attributable to a $3.1 billion increase in 2017-18 personal income tax (PIT) revenues, the state ’s largest revenue source. Across the three fiscal years, the administration also increases its estimate of corporate tax revenues by nearly $400 million.
https://lao.ca.gov/Publications/Report/3669

The 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - This program allows classified employees to deposit a portion of their income earned during the school year into a fund that is to be matched by state funds dollar for dollar and paid out in one or tw o installments during the summer months.
https://lao.ca.gov/Publications/Report/4641

EdBudget Tables (January 2017)

Jan 13, 2017 - LCFF —County Offices of Education $1,015 After School Education and Safety 547 Foster Youth Services Coordinating Program 25 Safe Neighborhood and Schools Program — County Offices of Education fiscal oversight 5 $1,964 3.1% a Consists of $744 million in General Fund gap funding, $25 million in property tax revenue from basic aid districts, and $38 million in technical
https://lao.ca.gov/Publications/Report/3529

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