May 22, 2020
Pandemic leads to big cuts for education in May Revision
The COVID-19 pandemic and resulting recession has changed the
fiscal landscape dramatically. Compared to the January forecast,
General Fund revenues are projected to decline over $41 billion.
This revenue drop, combined with increased costs in health and
human services programs and the added costs to address COVID-19,
leads to a projected budget deficit of approximately $54 billion
before the changes proposed in the May Revision.
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.
