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

May 17, 2025 - This change increases ongoing General Fund costs by $267  million for UC and $231  million for CSU. 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