On Monday, June 27, 2016, the Governor signed SB 826, the 2016-17 Budget Act, and a number of trailer bills to implement policy changes in the budget. For the first time since the 1980’s, the Governor did not exercise his line-item veto authority to reduce or eliminate any of the budget appropriations passed by the Legislature.
The budget includes $122.5 billion in General Fund expenditures, $51.6 billion of which is slated for K-12 education programs. The budget prioritizes preparing for the next economic downturn, one of the Governor’s top priorities, by placing an extra $2 billion into the state’s Rainy Day Fund, bringing the total fund balance to $6.7 billion. The budget also addresses one of the Legislature’s top priorities by including $400 million for affordable housing, tied to future regulatory reform, and authorizing development of a $2 billion bond program to address homelessness for individuals with mental health needs. Details of this program are still being negotiated.
Kindergarten through Community College Public Education Facilities Bond Act of 2016
In response to the lack of state funding for school facilities, the Coalition for Adequate
School Housing (C.A.S.H.) has qualified a State School Bond for the November 2016
statewide General Election ballot. C.A.S.H. will proceed with its State School Bond on the
General Election ballot in November 2016. Continue reading →