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

Feb 4, 2026 - Although the cap nominally limits a district ’s discretionary reserves to 10   percent of its budgeted expenditures, various exemptions and exclusions typically allow higher reserve levels. Assessment The Stock Market Poses a Notable Risk to General Fund Revenues.
https://lao.ca.gov/Publications/Report/5110

The 2026-27 Budget: Child Care and State Preschool

Mar 19, 2026 - In addition, the state partially covered program costs with $195  million from the Proposition  64 Youth Account, which is funded by the cannabis retail excise tax established in 2016. State Preschool programs are funded entirely with $2.9  billion in General Fund (including $1.9  billion in Proposition  98 General Fund).
https://lao.ca.gov/Publications/Report/5168

The 2026-27 Budget: K-12 Proposals

Feb 19, 2026 - After implementation of the accreditation pr ocess, some CCSPP requirements —such as expenditure reports and sustainability plans —may become duplicative or unnecessary. Phase in Eligibility Over Time.
https://lao.ca.gov/Publications/Report/5131