The 2023-24 California Spending Plan: Higher Education

Oct 19, 2023 - The program is supported by a special fund consisting of money reverted from certain trust accounts used by attorneys. The special fund recently accumulated enough money to launch the program in 2023 ‑24 and sustain it for at least a few years.
https://lao.ca.gov/Publications/Report/4809

The 2026-27 Budget: University of California

Feb 26, 2026 - UC places its pooled cash in investment accounts and uses some of the annual investment earnings to support core operations. UC also receives overhead revenue associated with federal contracts and grants —known as federal indirect cost recovery —that helps support campus research infrastructure and certain central administrative costs.
https://lao.ca.gov/Publications/Report/5143

The 2026-27 Budget: California Student Aid Commission

Feb 17, 2026 - To do so, the state is using a General Fund cash loan to cover the payments to students. This approach only works if the state is in a strong cash position. If the state ’s cash position weakens, which has happened during previous fiscal downturns, the state could find that internal borrowing is no longer an option.
https://lao.ca.gov/Publications/Report/5127

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - Because the increased award amounts align with the state minimum wage of $15  per hour, the program would be compensating students at an hourly rate more comparable to what they could earn  elsewhere.
https://lao.ca.gov/Publications/Report/4548

Assessment of the Strong Workforce Program

Dec 10, 2025 - Figure 11 Earnings Improvements Vary Somewhat by Region Median Change in Earnings for CCC CTE Students 2015 ‑16 a 2022 ‑23 Compared to 2015 ‑16 b San Diego/Imperial
https://lao.ca.gov/Publications/Report/5098

The 2025-26 Budget: College of the Law, San Francisco

Mar 10, 2025 - The  small amount of remaining core funding comes from various sources, including the State Lottery Fund, certain investment earnings, and income from scholarly publications. Beyond core funding, CLSF receives noncore funding from certain self ‑supporting programs (including its housing and parking programs).
https://lao.ca.gov/Publications/Report/5014

The 2023-24 Budget: California State University

Feb 7, 2023 - Two Main Ways to Fund CSU Capital Projects Are Cash and Debt Financing. One way the state may fund capital projects is by providing one ‑time General Fund to CSU to pay for the project upfront in cash.
https://lao.ca.gov/Publications/Report/4671

Trends in Higher Education: Student Outcomes [Publication Details]

Apr 18, 2024 - This brief is the third of a six-part series covering higher education trends in California. The third brief focuses on student outcomes and how they have changed over the past few decades. The brief also raises key issues for the Legislature to consider as it makes related policy and budget decisions.
https://lao.ca.gov/Publications/Detail/4895

The 2025-26 Budget: University of California

Feb 27, 2025 - One way has been to place its pooled cash in investment accounts and use some of the annual investment earnings to support core operations. In UC ’s 2024 ‑25 budget plan, it identified $90  million in investment earnings that it designated for its core operations.
https://lao.ca.gov/Publications/Report/4998

The 2026-27 Budget: California State University

Feb 24, 2026 - CSU requested and received this cash loan in fall 2025. The Governor ’s budget proposes to continue this arrangement, deferring $144  million from 2026 ‑27 to 2027 ‑28, along with offering another no ‑interest General Fund cash loan.
https://lao.ca.gov/Publications/Report/5142