The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - State Suspended the Proposition   98 Guarantee in 2023 ‑24. The June 2024 budget plan suspended the guarantee in 2023 ‑24 and approved $98.5   billion in funding for schools and community colleges. Although our estimate of General Fund revenue is up compared with the previous estimate, changes in revenue do not directly affect funding when the guarantee is suspended.
https://lao.ca.gov/Publications/Report/4940

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - These one ‑time carve ‑outs total $7.5  million for the Golden State Teacher Grant Program, with funds available through June 30, 2026; $5  million for the Golden State Education and Training Grant Program, with the bulk of these funds available through June  30,  2024; and $1  million for the Learning ‑Aligned Employment Program, with funds available through June 30, 2031.
https://lao.ca.gov/Publications/Report/4548

The 2026-27 Budget: University of California

Feb 26, 2026 - In 2023 ‑24 (the most recent year for which UC has reported data), UC reserves declined from 17  percent to 15  percent of annual core fund expenditures —equating to just under two months of reserves.
https://lao.ca.gov/Publications/Report/5143

The 2025-26 Budget: University of California

Feb 27, 2025 - As of June 2024, UC reported $1.5  billion in total core reserves, of which $155  million was uncommitted. UC ’s uncommitted reserves reflect just under six days (1.6  percent) of its total annual core operating expenditures.
https://lao.ca.gov/Publications/Report/4998

The 2023-24 Budget: Overview of the Governor's Budget

Jan 13, 2023 - Due to a deteriorating revenue picture relative to expectations from June  2022, both our office and the administration have anticipated the state faces a budget problem in  2023 ‑24. What Is the Budget Problem?
https://lao.ca.gov/Publications/Report/4662

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

Mar 10, 2025 - For  the  past  three years, CLSF has raised JD tuition charges —by 3  percent in 2022 ‑23, 5  percent in 2023 ‑24, and 5  percent in 2024 ‑25. Nonresident students pay a supplemental tuition charge.
https://lao.ca.gov/Publications/Report/5014

The 2024-25 Budget: College of the Law, San Francisco

Mar 5, 2024 - The  current  AFSCME  and AFT bargaining agreements expire June  30,  2024 and October  31,  2024, respectively. New agreements are still under negotiation for 2024 ‑25. Given its small size and affiliation with UC, CLSF participates in certain UC benefit programs, including the University of California Retirement Plan and UC  health and retiree health programs.
https://lao.ca.gov/Publications/Report/4875

The 2024-25 Budget: University of California

Feb 28, 2024 - As of June 30, 2023, UC reported that STIP held $4.2  billion (after backing out certain restricted funds). If UC were to borrow $259  million from STIP (in quarterly installments), it anticipates an effective interest rate of approximately 3  percent.
https://lao.ca.gov/Publications/Report/4862

The 2024-25 California Spending Plan: Higher Education

Sep 11, 2024 - As most of the funds had not yet been spent as of June 2024, the state discontinued the program to help address its budget deficit. Budget Provides One-Time Funding for CCC Financial Aid Administration.
https://lao.ca.gov/Publications/Report/4926

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - Significant Changes to Solutions From June 2024 Budget Package Managed Care Organization (MCO) Tax Package. Some of the largest budget solutions in the June budget package involved the MCO tax, a tax on health plans that supports the Medi ‑Cal program.
https://lao.ca.gov/Publications/Report/4951