Tag Archives: ERP

State Allocation Board Meeting Notes – January 2017

January 25, 2017

Minutes

The minutes from the December 5, 2016, meeting were approved unanimously.

Executive Officer Statement

Lisa Silverman provided updates on the following:

  • Charter Round Opening: A new Charter School Facilities Program (CSFP) round will open and applications will be accepted from February 6, 2017, through June 5, 2017. $500 million is now available with the passage of Proposition 51. Office of Public School Construction (OPSC) staff will be providing a webinar and workshops on the CSFP application process.
  • August 2016 Priority Funding Apportionments: On August 17, 2016, $78.7 million was approved for 20 projects from 14 school districts. 19 projects were required to submit Form SAB 50-05 by November 15, 2016; two projects worth $932,070.50 did not.  They were returned to the Unfunded List (Lack of AB 55 Loans) and given a new Unfunded Approval date of November 15, 2016.

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C.A.S.H. June Facility Planners Update

06/01/15

The May Revision and State Budget Activities
The Governor released his May Revision budget update on Thursday, May 14, 2015, and the
Legislature is currently reviewing, reconciling, and finalizing budget actions in order to
meet the constitutional deadline to pass a budget by June 15. The Governor estimates an
additional $6.7 billion in revenues above the January proposal across three fiscal years
(2013-14, 2014-15, and 2015-16), $5.5 billion of which are proposed to go to K-12 and
community colleges under Proposition 98. The Legislative Analyst’s Office (LAO)
estimates revenues approximately $3 billion above the Governor, who is known for making
very conservative estimates in order to maintain a fiscally prudent approach and minimize
new spending. Continue reading

Governor Releases May Revision Budget, Is Silent on the Future of State Facilities Funding

05/14/15

Today the Governor released the May Revision budget update.  His budget estimates an additional $6.7 billion in revenues above the January proposal, $5.5 billion of which will go to K-12 and community colleges under Proposition 98.  This increases the Proposition 98 minimum guarantee by $241 million in 2013-14, $3.1 billion in 2014-15, and $2.7 billion in 2015-16, for revised minimum guarantee levels of $58.9 billion, $66.3 billion, and $68.4 billion respectively.  The Proposition 98 maintenance factor is reduced to $722 million.  Continue reading

State Allocation Board Meeting Notes – February 24, 2015

February 27, 2015

 

Minutes

The minutes from November 25, 2014 were approved unanimously.

 

Executive Officer Statement

Lisa Silverman provided updates on the following:

–          Status of Fund Releases for Priority Funding Apportionments – The August 2014 priority funding apportionments provided $100.2 million for 34 projects and 21 school districts.  Two projects totaling $16.1 million did not submit a valid Fund Release Authorization (Form SAB 50-05) by November 18, 2014, and were returned to the Unfunded List (Lack of AB 55 Loans) with a new unfunded approval date of November 18, 2014.

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State Allocation Board Meeting Notes – November 25, 2014

December 8, 2014

Minutes

The minutes from the October 16, 2014 meeting were approved unanimously.

 

Executive Officer Statement

Lisa Silverman provided updates on the following:

  • Status of Fund Releases for Priority Funding Apportionments – The August priority funding apportionments provided $100.2 million for 34 projects and 21 school districts.  Districts that received an apportionment were required to submit a valid Fund Release Authorization (Form SAB 50-05) by Tuesday, November 18, 2014.

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C.A.S.H. Victorious in Fight for Emergency Repair Program Funding

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.

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Governor Releases May Revision Budget, Is Silent on a Statewide Bond

May 13, 2014

Today the Governor released the May Revision budget update.  His budget estimates an additional $2.4 billion in revenues from 2012-13 through 2014-15.  This increases the Proposition 98 minimum guarantee by $659 million.

The Governor continues to prioritize fiscal restraint and addressing long-term debts.  As such, the May Revision is silent on the possibility of a new statewide bond on the November ballot.  It also does not include any modifications or additional comments on the school facilities proposals made in the January budget: $188.1 million for the Emergency Repair Program, and the transfer of $211 million in remaining bond authority from four specialized programs to the main New Construction and Modernization programs.   Continue reading