Why Might California’s 2023-2024 Education Budget Lack Billions in Funding?

Things are looking bleak for California’s 2023-2024 education budget and school year. As the state gears up for another legislative cycle and major funding decisions, the state’s nonpartisan Legislative Analyst Office is predicting a hole of $2.6 billion for schools and community colleges beginning in July 2023. Declining state revenues are keeping education funds tight, and persisting difficult economic conditions across the nation (though there are some signs of deflation), reinforce the possibility of an underfunded school year.

What are the specific mechanisms depressing California’s 2023-2024 education budget? And what are the possible consequences of this multibillion dollar deficit, especially on critical state programs? Curtis Culwell, Executive Director of the Texas School Alliance, gives his analysis on the situation and what he sees as the consequences of.

Curtis’ Thoughts on California’s 2023-2024 Education Budget

 

“As 2022 comes to a close, many states are wrapping up their budget process in anticipation of the legislative cycle that begins after the first of the year. Some of the early news out of California as they’re doing their budget analysis is the possible loss of billion dollars from education funding that is due like every other state becasue of some of the headwinds the economy has faced nationally as well as in the state. California’s three major revenue mechanisms are income tax, sales tax and corporate tax.

Like many states where the economy has slowed down then state revenues have possibly slowed down as well, and as you try to anticipate what ’23 and ’24 are going to be like, there is some concern and there is a growing conservative outlook about state expenditures.

 

In a state like California, I think almost 40% of their budget is K12 and community college funding. Those institutions are faced with significant headwinds as well in terms of the growing cost of goods and services. Some of the programs have been started to address learning lag because of the pandemic and many other educational initiatives that are needed for student performance to rebound.

 

So all those things that come together and present some significant challenges and we’ll all be watching what happens in California and other states with interest as they develop their budgets and how they grapple with some of these issues.”

Follow us on social media for the latest updates in B2B!

Image

Latest

healthcare cybersecurity
Continued Threats Require a Major Shift in Healthcare Cybersecurity Risk Perception
March 28, 2024

Recent cyberattacks on healthcare institutions have thrust cybersecurity from a back-office concern to the forefront of the healthcare industry’s agenda. A significant breach at Change Healthcare disrupted essential services, underlining the vulnerability of healthcare networks to such threats and the dire consequences for patient care. Government and industry responses have stressed the importance of […]

Read More
next chapter
Keith Elias: Pro Sports Retirement Doesn’t Have to Be a Fumble. NFL’s Support Systems Ease Transition to Next Chapter
March 28, 2024

The spotlight is shifting, we’re not just cheering on professional athletes during their prime, but also wondering what happens when the final whistle blows as they move from the peaks of their careers into the next chapter of their lives. The conversation turns to the challenges they face outside the sporting arena and the […]

Read More
Shaping the Future of Warehouses: Key Takeaways from MODEX 2024
Shaping the Future of Warehouses: Key Takeaways from MODEX 2024
March 28, 2024

As the logistics and material handling sectors pivot towards recovery and innovation, MODEX 2024 emerges as the crucible of transformation. With an attendance spike reminiscent of pre-pandemic vigor—up by 30%—the event has become the epicenter of technological showcases, signaling a new chapter for industry efficiencies. The stakes? A competitive edge in an industry where, […]

Read More
IWCE 2024
Icom Hits Orlando for the International Wireless Communications Expo (IWCE 2024)
March 28, 2024

Icom America’s Jon Paul Beauchamp was in Orlando, Florida for IWCE 24, the International Wireless Communications Expo. Beauchamp sent greetings from Icom’s Booth, #805. Catch all of the highlights at Icom America.

Read More