The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - We recommend requiring unallocated funding from community schools grants to revert back to the state at the end of each fiscal year. We also recommend reverting the $485  million currently set aside for extension grants.
https://lao.ca.gov/Publications/Report/5131

The 2021-22 Spending Plan: Proposition 98 and K-12 Education

Oct 25, 2021 - These new requirements do not apply to students who are enrolled in ind ependent study for less than 15 school days during the academic year. Provides Flexibility From Some Independent Study Rules in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4466

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

Feb 4, 2026 - In 2019 ‑20, however, the state adopted a new law prohibiting spending reductions after the fiscal year ends. This law allows the state to reduce spending during its first recalculation of the guarantee, but prevents reductions during the second recalculation at the end of the next fiscal year.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 19, 2025 - In contrast, our forecast suggests the state will end 2026 ‑27 with no funding in the reserve and no ongoing cushion. It also enters the upcoming year having already deferred $2.3  billion in school and community college payments.
https://lao.ca.gov/Publications/Report/5093

The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver

Feb 15, 2024 - Even though revenue projections have declined substantially, the administration projects the General Fund would still have a small cash surplus at the end of the current year. Further, under the same projections, the state would end this year with nearly $100  billion in unused borrowable resources (balances in other state funds).
https://lao.ca.gov/Publications/Report/4840

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - Our  November 2025 fiscal outlook, however, projects Test 1 will likely remain operative through the end of our forecast in 2029 ‑30. This projection is mainly related to declines in births and reductions in the school ‑age population —trends that are unlikely to reverse  quickly or change in response to enrollment ‑based funding.
https://lao.ca.gov/Publications/Report/5100

The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - The  state recalculates the guarantee at the end of the year based upon revised estimates of these inputs, then makes a second recalculation at the end of the following year. This schedule means that for any given budget, the state has new estimates of the Proposition   98 guarantee for the prior year, current year, and upcoming year.
https://lao.ca.gov/Publications/Report/4940

The 2025-26 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 13, 2025 - Based on this information, we anticipate that more than half of the initial $6.8  billion allocation will be spent by the end of the year. Many districts also indicate they have specific plans for the remainder of their allocations. $247   Million for Eliminating Payment Deferral.
https://lao.ca.gov/Publications/Report/4963

The 2025-26 Budget: Department of Developmental Services

Mar 5, 2025 - In 2021, State Committed to Ending Subminimum Wage Employment by 2025. Chapter   339 of 2021 (S B   639 , Durazo) calls for the transition of employees working under subminimum wage into CIE by January 2025.
https://lao.ca.gov/Publications/Report/5008

Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - Figure 1 Defined Benefit Program Total UAO (Dollars in Billions) Valuation for the Period Ending June 30, 2019 Valuation for the Period Ending June 30, 2020 Change From 2019 to 2020 Assets 1 point UAO = unfunded actuarial obligation.
https://lao.ca.gov/Publications/Report/4475