June 17, 2014
On Sunday June 15, 2014, the Legislature approved the FY 2014-15 State Budget Act as well as a number of accompanying trailer bills in order to meet the June 15 constitutional deadline (see C.A.S.H. article on June 16, 2014 entitled “Legislature Passes Budget – Education and Facilities Impacts”). These bills will now be sent to the Governor for his consideration. The Legislature’s approved budget package includes $188.1 million in one-time funds for Emergency Repair Program (ERP) projects. Furthermore, in both his January Budget and the May Revision, the Governor stated his intention to fund the remaining $272 million worth of ERP projects in the 2015-16 State Budget.
May 9, 2014
On Thursday May 8th the Senate Budget Subcommittee #1 on Education held a hearing that included the Governor’s budget proposals on Proposition 39, the School Facilities Program (SFP), and the Emergency Repair Program (ERP). The following is a summary of these budget items that were discussed in committee, as well as C.A.S.H.’s testimony on each item.
November 20, 2013
Today the Legislative Analyst’s Office released the five-year revenue and expenditure estimates for California’s State Budget. This is the most optimistic projection since 2007-08. We hope that it will not suffer the same recession battered fate as the 2007-08 projection.
The top line is State General Fund revenue growing by $27.1 billion between now and 2019-20 (even after the end of the Proposition 30 sales and income tax increases). Of this, the 2013-14 revenues are expected to be $4.7 billion above the Governor’s Budget projection, while 2014-15 will be $5.8 billion greater than 2013-14. Continue reading
July 24, 2013
We reported to you previously that, as part of the enacted 2013-14 Budget, Routine Restricted Maintenance contributions and the Deferred Maintenance Program matching requirement local set-aside were eliminated. However, upon further analysis of the LCFF and its implications, it has come to our attention that the minimum requirements for Routine Restricted Maintenance Account contributions still remain in the law.