The 2026-27 Budget: University of California

Feb 26, 2026 - In 2024 ‑25, UCRP ’s funded status (comparing assets to liabilities) was 85  percent and is expected to reach  90  percent in 2025 ‑26. UCRP ’s funded status has tended to be better than other California state retirement plans.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - In addition to this mandatory withdrawal, the Governor ’s budget also includes mandatory deposits into the reserve in 2024 ‑25 and 2025 ‑26 due to higher estimated capital gains revenue, as well as a discretionary deposit in 2025 ‑26.
https://lao.ca.gov/Publications/Report/5150

The 2026-27 Budget: Bureau for Private Postsecondary Education

Mar 25, 2026 - Adjusting for inflation, revenues were 18  percent lower in 2024-25 than in 2018-19. BPPE Fund Has a Structural Deficit. As Figure  1 shows, expenditures from the BPPE Fund have exceeded revenues annually beginning in 2014-15.
https://lao.ca.gov/Publications/Report/5169

The 2026-27 Budget: California Education Learning Lab

Mar 25, 2026 - In 2024-25, the state reduced Learning Lab ’s ongoing General Fund to $5.5  million. Additionally, in 2024-25, the state restructured OPR and split it into two new offices: the Governor ’s Office of Service and Community Engagement and the Office of Land Use and Climate Innovation (LCI).
https://lao.ca.gov/Publications/Report/5171

The 2026-27 Budget: California State University

Feb 24, 2026 - Of the $879  million spent on financial aid in 2024 ‑25, 85  percent was for SUG. From 2019 ‑20 to 2024 ‑25, spending for institutional financial aid increased by $118  million (15  percent), largely as a result of tuition increases.
https://lao.ca.gov/Publications/Report/5142

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - As a result, the state will pay for the cost of MCS awards for the 2025 ‑26 academic year in 2026 ‑27. The  state is covering costs in 2025 ‑26 using a General Fund  loan. Trends MCS Recipients and Costs Increased Substantially Under Revamped Program.
https://lao.ca.gov/Publications/Report/5127

The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - Cal Grant costs increased at a historically high rate in 2024 ‑25 and are projected to increase at even higher rates in 2025 ‑26 and 2026 ‑27. Program costs are increasing due to both higher caseload and higher award amounts resulting from various policy changes.
https://lao.ca.gov/Publications/Report/5112

The 2026-27 Budget: Community College Facilities

Mar 17, 2026 - In the November 2024 election, voters approved Proposition  2, a state general obligation bond that provides $1.5  billion for community college facilities. (The measure also provides $8.5  billion for K-12 school facilities.)
https://lao.ca.gov/Publications/Report/5159