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Governor's Proposals for the 2010-11 State Budget and K-12 Education <br />Governor's Proposals for the <br />~" ~~~ 2010.11 State Budget and K-12 Education <br />~~~*+t1t°+~, Presented by <br /> Cindy Cathey <br />r <br />~ Interim Superintendent <br />~~ ~ ~~ Song Chin-Bendib <br /> Assistant Superintendent, Business <br /> Services <br />LfARNINti CitylDistrictLiaison Meeting: 4:00.5:30p.m. <br />ne~~Mwnr+ January 21, 2010 <br />Proposition 98 and the Education Budget <br />2 <br />• Highlights of the Education Budget <br />to Flat funding under Proposition 98 in 2010.11 <br />M 51.5 billion in cuts targeted to district administration <br />to Personnel and administrative reforms <br />~ Suspension of almost all education mandates <br />i Negative cost•of-living adjustment (COLA) produces no new funding <br />• Deficit factor remains at record level <br />• Proposition 98 is still owed major sums <br />M 511.2 billion from past deficits <br />M More than E1 billion for unfunded mandates <br />M Don't plan to collect this year <br />• Race to the Top (RTTT) is also a factor <br />i ~~ ~~ <br />I~~pII~ll~ <br />- <br />State and National Economics <br />• The economic crisis is not over for California <br />M Unemployment is key and still very high <br />to Income and sales taxes tend to lag during a recovery <br />is Tourism is still down, people in other states are not traveling <br />M Real estate and construction are still the pits <br />M Propertytaxes have several downward pressures <br />• The new federal healthcare proposals are a wildcard for business and <br />employment <br />• The one-time federal funds appear to be a thing of the past <br />~ Bottom line: <br />M The state hasn't recovered <br />M The one-time dollars are gone and we have more budget cuts <br />M 2010.11 promises to be the toughest year of the recession <br />i The good news: <br />M The recovery is in sight <br />M We should benefit in the outyears <br /> The Budget Gap <br />3 <br />Problems and Solutions (in billions) <br />519.9 519.9 <br />51.0 Build Reserve <br />~ 50.8 Fund Shifts <br />WLoH Budget Solut4ons <br />~ <br />~~----------- - ---- ~ 53A Akematfve Funds <br />51.1 Caseload Growth <br />; <br /> <br />W.9 ~P~~Ti f,f <br />j6 9 Fsd r I Funds <br />snaeri m 2009-~o i <br />Budget Acl Revisbn <br />u.~ aY.~~e o.~im. <br />Rsewnfor Shorlhll Proposed Solutions <br />- ©2010 School Services of California, Inc. <br />