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District finance chief warns of long-term Prop 98 risk and a $22 billion state shortfall
Summary
District staff summarized the governor’s budget proposal and warned trustees that actions to lower Proposition 98 calculations could shrink future education funding; staff flagged a projected $22 billion state deficit in 2027–28 and estimated a $1.4 million revenue reduction to the district from a lower COLA.
Chief financial staff presented a brief on the governor’s proposed budget and outlined potential impacts for the district.
Mister Pong told trustees the governor proposed a balanced budget for the near term but that the state faces a projected deficit of roughly $22 billion in 2027–28, a figure driven in large…
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