2020-21 Budget Year
May 18, 2020
Governor’s May Revision proposes huge cuts to public education
Nearly all of the governor’s January budget proposals for K-12 and higher education are withdrawn and deleted from the May Revision, which proposes large cuts and estimates the Proposition 98 education funding guarantee to be $19 billion lower than the January proposal. The May Revision cuts General Fund spending on K-12 education by 12.6 percent, or $6.9 billion; higher education is cut by 9.9 percent or $1.7 billion
May 10, 2020
Uncertainty surrounds education budget for coming year — coronavirus blows giant hole in state budget
The governor and the Legislature know the COVID-19 pandemic has blown a huge hole in the state budget, but they can’t easily project state revenues or the impact on Proposition 98 — the mechanism that provides K-12 schools and community colleges about 40 percent of the state’s General Fund.
May 7, 2020
Department of Finance releases deficit projections due to COVID-19 pandemic
The California Department of Finance offered the first comprehensive preview of the state’s economic indicators and finances since the start of the COVID-19 pandemic. The numbers are stark and are meant to foreshadow a painful “May Revision” budget proposal that Gov. Newsom will release next week The magnitude of the recession is just beginning to become clear.
January 23, 2020
CFT analyzes proposed education budget
The governor continues to be fiscally conservative as he prepares for an economic slowdown, and proposes depositing $2 billion into the state’s rainy day fund. However, he also allocates additional monies for education, including his priorities of early childhood education, special education, educator recruitment, as well as student health and wellness. The General Fund budget of $157 billion is a 2.23 percent increase over 2019-20.
January 15, 2020
Gov. Newsom prioritizes education in January budget proposal
Gov. Newsom released his $222 billion state budget proposal for 2020-21 on Friday, January 10. He continues to invest in his education priorities, including early childhood education, special education, educator recruitment and training, and student health and wellness. The budget proposal includes $84 billion for Proposition 98, which represents a $3.8 billion increase for K-14 education.