Schools
LBUSD: Governor Projects Billions Less For K-12
Financial data show the sudden impact of the ongoing coronavirus pandemic on the state's economy.
May 14, 2020
Instead of $3 billion in more funding next year, budget officials from California Gov. Gavin Newsom’s administration last week projected $18 billion less over two years for K-12 and community colleges, a historic decline of more than 20 percent in the constitutionally guaranteed level of funding. The governor was expected to release his revised state budget this week.
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Financial data show the sudden impact of the ongoing coronavirus pandemic on the state’s economy. With millions of Californians out of work, forecasts call for a drop in sales and income tax receipts by more than 25 percent statewide next year. Combined with rising expenses, the reduced revenue would create a $54 billion budget deficit for 2019-20 and 2020-21, and the state’s general fund would dip to the level it was toward the end of the Great Recession in 2011-12.
This press release was produced by the Long Beach Unified School District. The views expressed here are the author’s own.
