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
October 29, 2013
October 24, 2013
Present: Assembly Member Joan Buchanan (Chair), Assembly Member Curt Hagman, Esteban Almanza (DGS), Cesar Diaz
Absent: Kathleen Moore (CDE)
The SAB Program Review Subcommittee met on October 24, 2013 to confirm its position on a number of previously-discussed items. They are now focused on honing their policy recommendations for a future program, in anticipation of presenting them to the full State Allocation Board in January.
August 15, 2013
The SAB Program Review Subcommittee met to continue discussing a number of issues that have been addressed at prior hearings, including dwelling units and new construction eligibility, consolidating supplemental grants, and the funding of portable classrooms. While each of these items received in-depth treatment, the subcommittee did not reach consensus on any major policy recommendations. Additionally, they decided to postpone discussion of the definition of a classroom and options for loading and county classrooms to a subsequent hearing. Continue reading