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California

California 2021 State of the States 251 Mazen Aziz and Oscar Jimenez-Castellanos funding priorities for p-12 and/or higher education Governor Newsome signed California’s Budget Act for the FY 2020-21 on June 29, 2020. e b Th udget constitutes a $202.1 billion spending plan, which bridges a $54.3 billion shortfall caused by the COVID-19 recession, reflecting a $60 billion swing from a $5.6 billion projected surplus to a $54.3 billion deficit. The state’s prudent fiscal management facilitated closing the budget gap. k-12 COVID-19 profoundly impacted California’s economy, yielding reduced General Fund revenues, which negatively impacted the state’s constitutionally mandated K-14 Proposition-98 funding. Proposition-98 funding levels for the FY 2020-21 declined to $70.9 billion, $10 billion below the minimum guarantee at the 2019 Budget Act. The budget defers $12.9 billion in payment into the next fiscal year to offset budgetary losses and preserve educational programs, allots $5.3 billion to mitigate learning loss, and commits to providing personal protective equipment (PPE) to facilitate students’ safe return to schools. Additionally, the budget: • Allocates $5.3 billion as a one-time investment to address COVID-related learning loss and to support existing programs. $4.4 billion of these funds comes from the federal Coronavirus Relief Fund, $539.9 million http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Education Finance University of Illinois Press

California

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Publisher
University of Illinois Press
Copyright
Copyright © Board of Directors of the Journal of Education Finance, Inc.
ISSN
1944-6470

Abstract

2021 State of the States 251 Mazen Aziz and Oscar Jimenez-Castellanos funding priorities for p-12 and/or higher education Governor Newsome signed California’s Budget Act for the FY 2020-21 on June 29, 2020. e b Th udget constitutes a $202.1 billion spending plan, which bridges a $54.3 billion shortfall caused by the COVID-19 recession, reflecting a $60 billion swing from a $5.6 billion projected surplus to a $54.3 billion deficit. The state’s prudent fiscal management facilitated closing the budget gap. k-12 COVID-19 profoundly impacted California’s economy, yielding reduced General Fund revenues, which negatively impacted the state’s constitutionally mandated K-14 Proposition-98 funding. Proposition-98 funding levels for the FY 2020-21 declined to $70.9 billion, $10 billion below the minimum guarantee at the 2019 Budget Act. The budget defers $12.9 billion in payment into the next fiscal year to offset budgetary losses and preserve educational programs, allots $5.3 billion to mitigate learning loss, and commits to providing personal protective equipment (PPE) to facilitate students’ safe return to schools. Additionally, the budget: • Allocates $5.3 billion as a one-time investment to address COVID-related learning loss and to support existing programs. $4.4 billion of these funds comes from the federal Coronavirus Relief Fund, $539.9 million

Journal

Journal of Education Finance – University of Illinois Press

Published: Apr 1, 2021

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