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 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

The 2026-27 Budget: University of California

Feb 26, 2026 - In 2025 ‑26, the state deferred a $130  million General Fund payment from 2025 ‑26 to 2026 ‑27, while allowing UC to take a no ‑interest General Fund cash loan to cover costs in the meantime. UC requested and received this cash loan in fall 2025.
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 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

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

May 17, 2021 - Reflecting very strong cash collections in recent months, the May Revision adjusts 2020 ‑21 revenues (and transfers) up by $26.8  billion to $182  billion. This represents a 27  percent increase over 2019 ‑20, the largest single year increase in over four decades.
https://lao.ca.gov/Publications/Report/4432

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

Mar 10, 2025 - In 2024 ‑25, state support makes up one ‑third of CLSF ’s core funding, compared to just over one ‑fifth a decade ago. Meanwhile, tuition and fee revenue, which accounted for over three ‑quarters of CLSF ’s core support a decade ago, now makes up about two ‑thirds.
https://lao.ca.gov/Publications/Report/5014

The 2022-23 Budget: Student Financial Aid

Feb 18, 2022 - Given that one possible reason for low participation in the DSIG  program is the availability of higher ‑paying work opportunities, the proposed trailer bill language could make the program more attractive to potential participants.
https://lao.ca.gov/Publications/Report/4548

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

Jan 13, 2023 - The Governor ’s budget proposes making nearly one ‑third of all spending ‑related solutions subject to trigger restoration language. Under this proposed language, program spending that otherwise would have occurred in 2023 ‑24 would not be allocated as part of the June budget act.
https://lao.ca.gov/Publications/Report/4662

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

Jan 13, 2025 - The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951