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

Nov 17, 2021 - Under a scenario where the statutory COLA remains at 5 percent, the dip would be closer to $2.5 billion. Although the Legislature could go about determining its mix of one ‑time and ongoing funding in various ways based on its risk tolerance and spending priorities, one approach would be to set aside at least $2.5 billion for one ‑time activities to mitigate the risk from the higher inflation scenario.
https://lao.ca.gov/Publications/Report/4473

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details]

Nov 17, 2021 - The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges [Publication Details] The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges Format: HTML Description: Each year, the state calculates a “minimum guarantee” for school and community college funding based upon a set of formulas established by Proposition 98 (1988).
https://lao.ca.gov/Publications/Detail/4473

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

May 17, 2025 - Rebenching Proposition   98 for Wildfire ‑Related Property Tax Losses. The May Revision proposes rebenching the Proposition  98 minimum funding guarantee to account for property tax revenue losses resulting from the January 2025 Los Angeles wildfires.
https://lao.ca.gov/Publications/Report/5044

The 2022-23 California Spending Plan: The State Appropriations Limit

Sep 30, 2022 - The spending plan includes $23.7  billion in discretionary spending (and debt repayments) that are excluded from the SAL (including $2.9  billion Proposition  98 General Fund and $20.9  billion non-Proposition  98 General Fund).
https://lao.ca.gov/Publications/Report/4631

The 2021-22 Budget: Overview of the Spending Plan (Final Version)

Oct 27, 2021 - Specifically, the budget includes $ 32 m illion General Fund under the Department of Social Services to implement the federally required components of the act and an additional $ 222 m illion General Fund in one ‑time funds to implement the optional prevention components of the law.
https://lao.ca.gov/Publications/Report/4448

The 2024-25 Budget: California's Fiscal Outlook

Dec 7, 2023 - Proposition 98 Proposition 98 Sets Minimum Level of School Funding. Proposition 98 (1988) amended the California Constitution to establish a minimum annual funding requirement for schools and community colleges.
https://lao.ca.gov/Publications/Report/4819

The 2022-23 Budget: Overview of Proposition 98 Proposals [Publication Details]

Jan 27, 2022 - The 2022-23 Budget: Overview of Proposition 98 Proposals [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4502

Rethinking California's Reserve Policy

Apr 10, 2025 - As a result, Proposition 98 creates a separate budget for K‑14 education that sits within the state’s larger budget. Budget Conditions Can Diverge. The budget situation within Proposition  98 can diverge sharply from the rest of the budget.
https://lao.ca.gov/Publications/Report/5028

The 2022-23 Budget: Overview of the Governor's Budget

Jan 13, 2022 - Compared with the estimates in the June 2021 budget plan, the administration revises its estimates of the guarantee up $2.5  billion (2.7  percent) in 2020 ‑21 and $5.3  billion (5.7  percent) in 2021 ‑22.
https://lao.ca.gov/Publications/Report/4492

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Offsetting this, our projections for school and community college spending are higher, reflecting Proposition  98 (1988) formulas that typically increase (or decrease) with changes in revenue. Additionally, our estimates for spending in other areas —primarily health and human services programs —are somewhat higher than the administration ’s projections.
https://lao.ca.gov/Publications/Report/5052