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State Budget Update

State Budget Update. Legislative Analyst’s Office Jennifer Kuhn California Charter Schools Conference 2/29/2012. www.lao.ca.gov. Overview of Governor’s January Budget. Governor's Budget: State General Fund Condition . Governor's Budget : General Fund Revenue Forecast.

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State Budget Update

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  1. State Budget Update Legislative Analyst’s Office Jennifer Kuhn California Charter Schools Conference 2/29/2012 www.lao.ca.gov

  2. Overview of Governor’s January Budget

  3. Governor's Budget: State General Fund Condition

  4. Governor's Budget: General Fund Revenue Forecast

  5. Major Components of Governor’s Budget Package • Estimates budget problem at $9.2 billion. • Proposes net $10.1 billion in solutions. • Assumes voters approve November 2012 tax measure. • Proposes $5.4 billion in trigger reductions if measure fails.

  6. Budget-Balancing Actions • $7.2 billion in new revenues. • $4.0 billion in expenditures cuts. • $1.4 billion in other savings. • $2.5 billion offsetting increase in Proposition 98 guarantee.

  7. Proposition 98: Governor’s Basic Budget Plan

  8. Governor's Budget: Proposition 98 Funding

  9. Proposition 98 Funding

  10. Proposition 98: Governor’s Back-Up Budget Plan

  11. Proposed “Trigger” Reductions

  12. Programmatic Per-Pupil Funding

  13. Provide Districts More Flexibility • Provide more flex options, effective July 1: • Remove additional categorical and mandate requirements. • Allow for shorter school year. • Eliminate or suspend penalties for exceeding statutory class size caps. • Authorize special post-election layoff window.

  14. Proposition 98: Governor’s Multiyear Payment Plan

  15. Governor’s Multiyear Payment Plan Proposition 98: Governor’s Multiyear Payment Plan

  16. Use Governor’s Plan As Starting Point • To increase likelihood plan is consistently implemented: • Extend payment period. • Spread payments more evenly over period. • Designate settle-up funds for mandates or deferrals. • Redirect QEIA program savings to other obligations.

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