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

Jan 13, 2025 - These total roughly $700  million. Finally, the Governor sets the balance of the Special Fund for Economic Uncertainties to $4.5   billion —somewhat higher than the level enacted by recent budgets. Revenue Estimates Reasonable, but Risks Must Be Kept in Focus.
https://lao.ca.gov/Publications/Report/4951

The 2023-24 Budget: University of California

Feb 15, 2023 - UC ’s Capital Financial Plan 2022 ‑28 includes the $249  million the state authorized for the project last year, but it also identifies $700  million in state ‑eligible project costs not yet funded. In response to our questions, UC clarified that the project likely will entail many phases, with the total cost currently estimated at $700  million.
https://lao.ca.gov/Publications/Report/4684

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

Jan 14, 2019 - Although over the long term the districts ’ CalSTRS rate would be only slightly lower than it would be otherwise, the value of a making a $ 700  m illion unfunded liability payment now would grow over time.
https://lao.ca.gov/Publications/Report/3916

The 2021-22 Budget: Initial Comments on the Governor’s May Revision

May 17, 2021 - Using Surplus, Governor Repays $700  Million in Loans and Proposes SFEU Balance of $3.4  Billion. In addition to fulfilling the constitutional requirements, the Governor dedicates about $700  million in discretionary resources to repay special fund loans and sets the balance of the SFEU at $3.4  billion for the end of 2021 ‑22.
https://lao.ca.gov/Publications/Report/4432

California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - The state began using payment deferrals during the dot ‑com bust but relied much more heavily on them during the Great Recession. The practice of deferring college payments peaked in 2011 ‑12, when the state deferred a total of $ 961  m illion in CCC payments —accounting for nearly 30  p ercent of CCC Proposition  98 General Fund support.
https://lao.ca.gov/Publications/Report/4307

The 2023-24 Budget: Student Housing

Mar 9, 2023 - The  latest estimates show systemwide capital renewal backlogs (also known as deferred maintenance) of roughly $700  million at CCC, $6.5  billion at CSU, and $7.3  billion at UC. Unlike  self ‑supporting facilities, academic facilities traditionally have relied primarily on state funding and do not have ready access to alternate means of funding.
https://lao.ca.gov/Publications/Report/4733

The 2022-23 California Spending Plan: Higher Education

Oct 4, 2022 - (Specifically, the new package provides $700  million, rather than $500  million, in 2021-22, $752  million in 2022-23, and $750  million in 2023-24.) Of this funding, trailer legislation awards $1.5  billion in first-round grants (nearly exhausting the first two years of funding).
https://lao.ca.gov/Publications/Report/4632

The 2023-24 Budget: California Community Colleges

Feb 22, 2023 - Under the Governor ’s budget, per ‑student funding would be approximately $700, or nearly 7  percent higher than that pre ‑pandemic level after adjusting for inflation. Moreover, actual funding per student is significantly above budgeted funding per student.
https://lao.ca.gov/Publications/Report/4695

The 2021-22 Budget: California Student Aid Commission

Feb 8, 2021 - The Cal Grant B award has a lower financial need threshold of at least $700, regardless of segment. Certain Students Who Changed Living Arrangement Lost Cal Grant Eligibility. Due to the pandemic, on ‑campus housing is operating at significantly reduced capacity in 2020 ‑21.
https://lao.ca.gov/Publications/Report/4355

The 2019-20 Budget: Higher Education Analysis

Feb 21, 2019 - In fall 2017, 10, 700 e ligible freshman applicants ( 14  p ercent) were referred to Merced. Very few of these students ( 119 o r 1. 1  p ercent) elected to enroll at that campus. Students who do not accept admission at UC may end up attending CSU, a private school, or a community college (then transferring to a four ‑year school, including UC, upon completing their lower ‑division coursework).
https://lao.ca.gov/Publications/Report/3946