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May revision shifts $492 million from community colleges to K‑12, Chancellor’s office warns of multi‑year risks
Summary
California Community Colleges officials told the Board of Governors that the May Revision rebench of the Proposition 98 guarantee shifts roughly $492 million away from the community college side to K‑12 for Transitional Kindergarten, and that a $531.6 million deferral and lower COLA create material multi‑year fiscal risk for colleges.
Executive Vice Chancellor Chris Ferguson told the Board of Governors on the May agenda that the May Revision of the state budget reduces the overall Prop. 98 guarantee and reallocates funding tied to Transitional Kindergarten, moving roughly $492,000,000 from the community college side of the guarantee to K‑12.
“The MABRA vision reflects a roughly $12,000,000,000 deficit,” Ferguson said during the board presentation, adding that the administration has rebenched the Prop. 98 guarantee and shifted dollars connected to Transitional Kindergarten to the K‑12 side. He summarized the immediate effects as two core issues: the guarantee declines in the budget year, and a three‑year window shift of roughly $492,000,000 away from community colleges, of which about $233,000,000 is ongoing.
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