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

Feb 4, 2026 - The Proposition  98 reserve is particularly powerful because it (1)  can be accessed relatively quickly, (2)  can support any school or community college activities, and (3)  avoids disrupting district cash flow (unlike payment deferrals).
https://lao.ca.gov/Publications/Report/5110

Assessing a Shift to Enrollment-Based School Funding

Jan 6, 2026 - This projection is mainly related to declines in births and reductions in the school ‑age population —trends that are unlikely to reverse  quickly or change in response to enrollment ‑based funding. Statutory Adjustment Could Avoid Any Unintended Reduction in Proposition   98 Guarantee.
https://lao.ca.gov/Publications/Report/5100