The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Proposition  98 (1998) sets a minimum funding requirement for schools and community colleges based on formulas in the State Constitution. Compared with the Governor ’s budget, the General Fund portion of this requirement is down $3.9  billion across 2024 ‑25 and 2025 ‑26.
https://lao.ca.gov/Publications/Report/5044