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 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
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.