The 2026-27 Budget: Higher Education Overview

Feb 5, 2026 - New Higher Education Spending Is at Risk Given Stock Market Signals. The administration ’s higher revenue estimates are mainly driven by strong stock market performance. Certain factors signal the stock market might be approaching a peak.
https://lao.ca.gov/Publications/Report/5112

The 2026-27 Budget: California Community Colleges

Mar 5, 2026 - The Governor ’s estimates of the Proposition  98 minimum guarantee are based on revenue projections that do not account for the risk of a stock market downturn. As we discuss in The 2026‑27 Budget: Overview of the Governor’s Budget , several signs suggest the stock market is overvalued and at elevated risk of a downturn.
https://lao.ca.gov/Publications/Report/5150

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

Nov 20, 2024 - Stock compensation has become an increasingly important form of pay among California ’s high ‑income workers, especially those at major technology companies. This form of compensation is tied to the company ’s stock price, so it rises when stock prices rise.
https://lao.ca.gov/Publications/Report/4940

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

Jan 13, 2025 - Instead, the gains appear largely tied to the booming stock market, a situation which can change rapidly and without warning. The  administration appears to share some of these concerns, noting recent job losses among high ‑wage workers and the risks posed by the inherent volatility of tax receipts tied to stock market gains.
https://lao.ca.gov/Publications/Report/4951

The 2021-22 Budget: California Community Colleges

Feb 16, 2021 - Apprenticeships and Work‑Based Learning In this section, we provide background on ( 1)  t raditional apprenticeships, ( 2)  a state ‑funded apprenticeship program focusing on nontraditional sectors, and ( 3)  C CC initiatives that incorporate work ‑based leaning.
https://lao.ca.gov/Publications/Report/4372

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

Mar 10, 2025 - With the additional funding, the school indicates it could provide the original 257 beds, plus an additional 23 new beds, at below market rents, while also reducing rents among its existing housing stock (of 437 beds).
https://lao.ca.gov/Publications/Report/5014

The 2022-23 Budget: Student Housing

Apr 8, 2022 - On the one hand, approving more projects this year would enable campuses to commence with projects sooner, thereby increasing housing stock more quickly and avoiding higher construction costs in future years.
https://lao.ca.gov/Publications/Report/4589

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

Jan 26, 2022 - (The funding conditions of state pension systems improved with stock market gains the past couple of years, but sizeable unfunded liabilities remain.) Though the state’s pension boards will not adopt final rates until spring 2022, we expect CCC will need to use approximately 40 percent (roughly $170 million) of the proposed apportionment COLA to cover higher pension costs.
https://lao.ca.gov/Publications/Report/4499