Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
May Revise signals state revenue uncertainty; district expects possible Prop 98 deferrals but no K–12 cuts
Summary
CBO Stephen Choi summarized the governor’s May Revise, which projects declining major tax revenues and proposes a ‘settle up’ on Proposition 98 that could cause deferrals of school payments even though the May Revise includes no direct cuts to K–12 programs.
Chief Business Officer Dr. Stephen Choi reviewed the governor’s May Revise and told the board that while the proposal contains no direct cuts to K–12 education, it relies on one‑time funds and a proposed “settle up” that could defer payments to school districts.
Choi said California’s personal income, corporation and sales taxes are projected to decline in 2025–26, and that the governor proposes depleting…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
