California Community Colleges—Managing Cash in a Time of State Payment Deferrals

Dec 18, 2020 - The state began using payment deferrals during the dot ‑com bust but relied much more heavily on them during the Great Recession. The practice of deferring college payments peaked in 2011 ‑12, when the state deferred a total of $ 961  m illion in CCC payments —accounting for nearly 30  p ercent of CCC Proposition  98 General Fund support.
https://lao.ca.gov/Publications/Report/4307