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

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 2022-23 California Spending Plan: Proposition 98

Oct 24, 2022 - (The changes related to State Preschool will be covered in our forthcoming publication, The 2022-23 California Spending Plan: Child Care and Preschool. ) Figure 3 2022 ‑23 Budget Package Contains $33 Billion in New Proposition 98 Spending Proposition 98 and Reappropriated Funds (In Millions) Ongoing Additional LCFF increase above COLA $4,320 New LCFF adjustment for declining attendance in school
https://lao.ca.gov/Publications/Report/4641