The 2026-27 Budget: Proposition 98 Guarantee and K-12 Spending Plan

Feb 4, 2026 - If the state makes an additional $2.9  billion deposit in 2025 ‑26, it would have $2.7  billion remaining for other one ‑time school and community college priorities (relative to the Governor ’s budget).
https://lao.ca.gov/Publications/Report/5110

The 2021-22 Spending Plan: Proposition 98 and K-12 Education

Oct 25, 2021 - This plan is anticipated to cost approximately $600  million in 2022 ‑23 and $2.7  billion at full implementation in 2025 ‑26. The Legislature and the Governor have reached an agreement to cover these costs by “rebenching ” (adjusting) the Proposition  98 formulas to increase the share of General Fund revenue allocated to schools.
https://lao.ca.gov/Publications/Report/4466

The 2025-26 Budget: School Nutrition

Mar 4, 2025 - The 2024 ‑25  budget includes $1.8  billion Proposition  98 General Fund and $2.7  billion federal funding to provide a projected 884  million school meals during the school year. Universal Meals Intended to Reduce Stigma, Increase Attendance, and Improve Student Well ‑Being.
https://lao.ca.gov/Publications/Report/5001

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 2022-23 Budget: Initial Comments on the Governor's May Revision

May 16, 2022 - This is primarily the result of early legislative action, including adopting $5.7  billion in a variety of revenue reductions —such as the restoration of net operating loss deductions —and $2.7  billion for rental assistance.
https://lao.ca.gov/Publications/Report/4598