Update on the Progress of the CalSTRS Funding Plan

Nov 18, 2021 - As such, based on CalSTRS ’ actuarial valuation for the fiscal year ending June 30, 2020, the CalSTRS board exercised its authority to increase the state ’s rate for 2021-22 by the maximum allowed 0.5 percent of payroll.
https://lao.ca.gov/Publications/Report/4475

The 2026-27 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 19, 2025 - As set forth in the State Constitution, an attendance decline does not reduce the guarantee unless attendance has declined in the two previous years. c As set forth in the State Constitution, reflects change in per capita General Fund plus 0.5 percent. d Includes adjustments to the previous year ’s maintenance factor for growth in per capita personal income and K ‑12 attendance as required by the State Constitution.
https://lao.ca.gov/Publications/Report/5093

The 2023-24 Budget: Proposition 98 Overview and K-12 Spending Plan

Feb 7, 2023 - For planning purposes, each  0.5  percentage point reduction in the COLA rate would reduce costs for K ‑12 programs by approximately $400  million. If the Legislature were to eliminate the $1.4  billion deficit entirely through funding a lower COLA, the associated reduction in the rate would be about 1.7  percentage points (for a COLA rate of about 6.4  percent).
https://lao.ca.gov/Publications/Report/4670

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

May 17, 2021 - Figure 7 Governor Still Uses Budget Solutions Despite Historic Revenue Growth Budget Solutions From 2020 Maintained in 2021 May Revision (In Billions) Reserve Withdrawals Make Budget Stabilization Account withdrawal $7.8 Make Safety Net Reserve withdrawal 0.5
https://lao.ca.gov/Publications/Report/4432

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

Nov 16, 2022 - The 2023-24 Budget: Fiscal Outlook for Schools and Community Colleges a Beginning in 2023 ‑24, General Fund estimates include an increase for Proposition 28. b Includes $1.8 billion in funding above the minimum guarantee. c Excludes non ‑tax revenues and transfers, which do not affect the calculation of the minimum guarantee. d Estimates account for the expansion of transitional kindergarten
https://lao.ca.gov/Publications/Report/4648

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

Jan 13, 2022 - For community colleges, the budget funds enrollment growth of 0.5  percent and proposes a new minimum funding level beginning in 2025 ‑26. This proposal would provide all colleges with at least as much funding as they received under certain calculations in 2024 ‑ 25 —regardless of the number of students they serve in the future.
https://lao.ca.gov/Publications/Report/4492