The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - Ongoing General Fund support for the California State Library decreases by a net of $4.0  million (7.6  percent). This decrease mainly consists of a $2.5  million reduction for the Lunch at the Library program and a $1.8  million reduction for the California Library Services Act.
https://lao.ca.gov/Publications/Report/4926

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

Nov 16, 2022 - After making these adjustments, $7.6  billion in funding is available. Regarding cost increases, we estimate that covering the 8.73  percent statutory COLA would cost $7.9  billion. Consistent with current law, we assume the state reduces the COLA rate to 8.38   percent —lowering the cost by approximately $300   million —to fit within the $7.6  billion available.
https://lao.ca.gov/Publications/Report/4648

Update on Community College Reserves

Jan 27, 2021 - In contrast to unrestricted reserves, systemwide restricted reserves dropped $41  million (10  percent) from June 30, 2019 to June 20, 2020 —falling to $360  million. Restricted reserves fell from 18  percent of annual restricted expenditures to 16  percent.
https://lao.ca.gov/Publications/Report/4323

The 2023-24 Budget: University of California

Feb 15, 2023 - UC ’s Capital Financial Plan 2021 ‑27 included a $360  million state ‑eligible energy project for the Berkeley campus that was not yet funded. 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.
https://lao.ca.gov/Publications/Report/4684

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

May 17, 2021 - Under the administration ’s revenue estimates, the Constitution would require the state to deposit $7.6  billion into the Budget Stabilization Account (BSA) and spend an additional $3.4  billion to pay down debts.
https://lao.ca.gov/Publications/Report/4432

The 2021-22 Budget: California Community Colleges

Feb 16, 2021 - (Statute generally requires high school students to take at least 360 m inutes —six hours —of high school coursework to generate ADA funding.) Legislature Authorized CCAP Several Years Ago. Chapter   618 o f 2015 (A B  288 , Holden) created CCAP.
https://lao.ca.gov/Publications/Report/4372