The Governor released his May Revise yesterday and the state’s projected deficit has swelled to over $31 billion. However, he is proposing to increase the 23-24 COLA to 8.22%. The increase will include VAEP funding. In addition the COLA for community colleges and county office programs is also proposed to be 8.22%.

I will provide an additional update tomorrow or Monday as I have time to read the Revise further.




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