The 2020-21 Budget: Overview of the Governor's Budget

Jan 13, 2020 - Our office estimated the full ‑year savings —in 2022 ‑ 23 —of suspending these expenditures was $1. 7  b illion. The augmentations subject to suspensions were in a variety of state programs, including In ‑Home Supportive Services, developmental services, and Medi ‑Cal.
https://lao.ca.gov/Publications/Report/4135

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - We also explored a variant of our main forecast in which the minimum guarantee is unchanged but the statutory COLA is 5 percent per year from 2023 ‑24 through 2025 ‑26. Baseline costs grow more quickly in this scenario, reducing the amount available for new commitments to about $7 billion in 2023 ‑24 and about $9 billion in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4473

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

Feb 13, 2025 - Districts Spent $1.6   Billion Through 2023 ‑24 and Report Faster Spending in 2024 ‑25. The December 2024 interim reports show that districts spent $1.6  billion through the first two years of the program (2022 ‑23 and 2023 ‑24).
https://lao.ca.gov/Publications/Report/4963

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - As a result of the pandemic, State Preschool enrollment experienced a significant decline of roughly 65,000 students in 2020 (Figure 3). While enrollment has increased since 2020, it remains significantly below pre‑pandemic levels.
https://lao.ca.gov/Publications/Report/5168

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

Nov 16, 2022 - Our forecast anticipates relatively large increases in property tax revenue of 7  percent in 2023 ‑24 and 5.2  percent in 2024 ‑25. These increases reflect the housing boom that began in the summer of 2020 and continued until early 2022.
https://lao.ca.gov/Publications/Report/4648

The 2025-26 Budget: Transitional Kindergarten

Feb 18, 2025 - As Figure  2 shows, TK enrollment declined during 2020 ‑21 due to the pandemic, then started to increase more quickly in the expansion years. TK Funded Through LCFF. Similar to all other K ‑12 students, eligible TK students generate attendance ‑based funding through LCFF.
https://lao.ca.gov/Publications/Report/4968

Overview of Federal Relief for K-12 Education and Child Care

Apr 29, 2021 - Lastly, ARP provides $7 .2  billion for the federal government to reimburse certain costs for eligible schools and libraries to connect individuals (including students and school staff) to the internet during the pandemic.
https://lao.ca.gov/Publications/Report/4419

The 2019-20 Budget: Proposition 98 Outlook

Nov 14, 2018 - By 2021 ‑22, the guarantee is about $7. 6  b illion (8. 8  p ercent) below the level in our growth scenario (see Figure 4). Under the recession scenario, the state not only would be unable to provide COLA in 2020 ‑21 and 2021 ‑22, it also would need to reduce spending (assuming it funds at the lower minimum guarantee).
https://lao.ca.gov/Publications/Report/3897

The 2021-22 Budget: The Fiscal Outlook for Schools and Community Colleges

Nov 18, 2020 - Based on the much stronger revenue projections in our outlook, we estimate the 2020 ‑21 guarantee is up $13. 1  b illion (18. 5  p ercent) over the June budget act level. We estimate the 2021 ‑22 guarantee is up another $ 595  m illion (0. 7  p ercent) over our revised 2020 ‑ 21 e stimate.
https://lao.ca.gov/Publications/Report/4298

CalSTRS Funding Update

Jul 19, 2018 - The financial position of the system was expected to worsen principally because the CalSTRS governing board reduced its assumption about annual investment returns from 7.25  percent to 7  percent for the valuation period ending June 30, 2017.
https://lao.ca.gov/Publications/Report/3873