2014-15 Budget Year
September 10, 2014
The “wall of debt” is reduced by more than $10 billion including $5 million in deferred payments to K-12 schools and community colleges. The budget includes more than $10 billion in new Proposition 98 funding, representing an increase of $5.6 billion over the 2013 budget. This reinvestment in education and other social services is largely due to the passage of Proposition 30 and improvements in the economy overall, and the union continues to advocate for structural revenue reform.
, May Revision June 3, 2014
For the second year in a row, the passage of Proposition 30 and improvements in the economy overall have enabled reinvestment in education and other critical services across California. Despite this positive movement forward, we continue to need to advocate for additional revenue sources for our schools and other critical services in the months and years to come.