A recession is coming, so don't get 'giddy' over the prospect of adding or expanding programs, governor warns.
Gov. Brown could fully fund the Local Control Funding Formula ahead of schedule, with $2.5 billion to spare.
That's the recommendation of Rick Simpson, the Assembly's retired expert on school finance.
The governor's view is it's better to wait to see if revenues come through than to cut later.
A more optimistic scenario could produce a couple of billion dollars more for K-12 schools and community colleges.
The new Legislative Analyst’s Office projection for 2017-18 includes funding from Proposition 55.
4% increase in Prop. 98 next year; early ed to receive $500 million more over 4 years
Most additional money would feed Local Control Funding Formula.
Revenue will tail off and expenses will rise as temporary tax expires.
Here are key totals, new spending for preschool, K-12, and community colleges.
Proposition 98 channels new revenue to schools to partially make up for past cuts.
Governor proposes adding 2,500 part-time preschool slots.
Other non-education programs and services could be cut.
The architect of California's funding law has died at 73.
Along with re-electing Gov. Jerry Brown on Tuesday, voters awarded him one of his campaign priorities: strengthening the state budget’s rainy day fund. Proposition 2 passed easily.