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Housekeeping

Housekeeping. Call will be recorded & available at CCC Confer later this afternoon ALL PARTICIPANTS WILL BE SILENCED TO REDUCE BACKGROUND NOISE. Questions may be submitted via WEB CHAT ONLY. Individual submitting the question and the question will be stated during the call.

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Housekeeping

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  1. Housekeeping • Call will be recorded & available at CCC Confer later this afternoon • ALL PARTICIPANTS WILL BE SILENCED TO REDUCE BACKGROUND NOISE. • Questions may be submitted via WEB CHAT ONLY. Individual submitting the question and the question will be stated during the call.

  2. If you are listening over your computer, adjust the volume with the sliders. Housekeeping • If you are listening over the telephone, click the telephone handset.

  3. Questions and Comments: Use Chat Type your message in this area. Click Send to deliver the message.

  4. View Closed Captions Click to open the Closed Caption window.

  5. 2011-12 May Revise Webinar AGENDA3:00pm – 3:30pm WEBINAR Presentation3:30pm – 4:00pm Q & A PARTICIPANTS Scott Lay, President/CEO, The LeagueJack Scott, Chancellor, California Community CollegesErik Skinner, Exec. Vice Chancellor, California Community CollegesTheresa Tena, Director Fiscal Policy,The League Dan Troy, Vice-Chancellor Fiscal Policy, California Community Colleges

  6. 2011-12 Budget Webinar • The May Revise Proposal • Proposals for Community Colleges • Initial Response and Analysis • Questions and Comments

  7. Overview • Economic recovery = $6.6 B increased tax revenues • Even with revenue and $13.4B in solutions structural shortfall of $10B. • Governor Brown’s continued call for a vote of the people - $9.4 of solutions • “Wall of debt”

  8. Updated Budget Deficit • Budget Deficit in February $26.6 Cuts and Other Solutions -13.4 Higher Revenues -6.6 Higher Spending 2.0 Proposition 10 Litigation 1.0 Remaining Deficit 9.6 Build Reserve 1.2 • Solutions Needed $10.8

  9. Wall of Debt • Budgetary Borrowing $34.7B • Deferred payments to K-14, Economic Recovery Bonds, Loans from Special Funds, Underfunding of P-98 etc. • Authorized Unsold Bonds $48.2B • Bonds Sold and Owed $81.1B

  10. Out-year Structural Shortfall

  11. Proposition 98 • Increased revenue triggers an increase in Proposition 98 guarantee • CY Prop 98 Increase • K-12 $72M • CCC $57M • Total $129M • BY Prop 98 Increase • K-12 $2.653B • CCC $ 340M • Total $2.992B

  12. Proposition 98 • Proposition 98 and the “Wall of Debt” • New Proposition 98 funds should be used to erase all of the deferrals and pay off owed mandate claims. • Deferral Buyback is “invisible” will not buy more course sections or rehire faculty/staff • Not NEW money - funding to remain “flat” overall

  13. CCC May Revise Proposal • 11% of Proposition 98 to CCC • $350 million "buy-down" of the $961 million inter-year deferral to $611 million (no programmatic effect) • adjustments for changes in local property tax collections; $57M CY and $75M CY offsets lower student fee collections in the CY.

  14. What is NOT in MR for CCC • No additional cuts • No policy reforms • Await the recommendations of Board of Governors Student Success Task Force

  15. Community College Budget • Where do things now stand? • Likely range of impacts to CCC • Scenario #A • Roughly a $290 million impact net of enrollment fees. (~5% reduction). • Included in budget bill held by Legislature

  16. Community College Budget • Scenario #B • Roughly a $490M net reduction (~10% reduction) • Assumes tax package does not pass.

  17. Pressure Points • Proposition 25 – “June 15” deadline • State will run out of cash • Election (when?) vs. Legislative Vote • Redistricting Commission

  18. Questions and Comments Please submit your questions online.

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