Governor Newsom released his May Revise late Friday. While details are still being sorted out, the following impacts/decisions are clear:

The Prop 98 funding share has dropped due to the ongoing budget shortfalls;

Governor Newsom has proposed to use reserves, budget shifts, other state budget cuts and deferrals to avoid significant cuts to K-14 education including funding of categoricals (within which he normally includes adult education/CAEP funding);

The 0.76% COLA is still proposed for 2024-25.

As more details are published another update will be posted here. It is expected that the professional organizations will soon provide further analysis of the Revise.

Translate ยป