- Get Started
- Our Solutions
- Get Started
Last Thursday the Legislature acted on the 2018 California budget and sent it to the Governor for his signature. There are still some trailer bills that they must pass but the document represents an agreement between the Governor and Legislative leadership. Additionally, the budget agreement covered areas of disagreement between the administration and the legislature. Items that were agreed to prior to the Budget Conference Committee meetings were not highlighted. Though the budget continues to grow, the Governor as in past years, has attempted to keep spending under control.
Additionally, the budget includes the $3.5 billion mandatory transfer to the Budget Stabilization Account, along with a supplemental deposit of $2.6 billion. Essentially placing those dollars into a rainy-day fund.
Total spending is $138.3 billion in general fund revenues. In May, both Houses of the Legislature adopted the Governor’s Proposition 98 number at $78. billion. Proposition 98 funds K-Community College in California. The final budget agreement added $3.67 billion to fund the Governor’s Local Control Funding Formula (LCFF), that is $407 million above the Governor’s May Revision proposal. The budget also proposes an additional $300 million in one-time funding for the state’s lowest performing students. This represents a deal with Assemblywoman Shirley Webber who is carrying legislation to make this funding ongoing for the lowest performing subgroup.
Below are some additional education related issues:
These represent some of the larger items to come out of the 2018 California budget, there are some other one-time expenditures for school district facilities ($6 million for Sweetwater Unified and $4 million for San Francisco Unified), After School Kids Code Grant Program ($15 million) and there will be some dollars for Suicide Prevention Training.
Since the company’s inception in 2006, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!Learn More