The proposed budget for the fiscal year that begins July 1 builds on last year’s plan, which the state says is the largest recovery package in the nation. The latest budget proposal was broken down into five key areas: the pandemic, climate change, homelessness, cost of living and public safety.
A recent EdSource article helps break down the governor’s new spending plan and proposed funding for public education. A few highlights include:
K-12 schools and community colleges will have $24 billion more to spend in 2022-23, with two-thirds coming from a one-time surplus from 2021-22 revenues.
An additional $8.2 billion will be ongoing funding through Proposition 98, the highest Proposition 98 investment in California history.
Per-student funding under Proposition 98 would be $15,261.
It is important to keep in mind that this budget is just a proposal. The plans still need to be discussed in the legislature and a revision to the budget will be presented in May.
And here are some of the other stories we’re following this week.