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SCOE budget office outlines assumptions for 2025–26; highlights reserves and restricted funding
Summary
Budget staff walked trustees through the assumptions that will inform the 2025–26 adopted budget, including LCFF revenue projections tied to the governor's proposal, restricted program requirements, statutory benefit rate updates for CalSTRS/CalPERS, and a required minimum 3% reserve for economic uncertainties.
Michelle Henson, SCOE budget lead, summarized the framework for building the 2025–26 adopted budget, noting early reliance on the governor's budget proposal and subsequent adjustments when the May revise is released.
Henson said revenue assumptions start with LCFF projections and then factor in state and local grants, property tax certifications and local interest income. She explained expenditure assumptions emphasize staffing (accounting for attrition, retirements, step and column changes) and statutory benefit rates for CalSTRS and CalPERS. Henson reminded trustees that the reserve for economic uncertainties is a legal calculation and set at a minimum of 3% of general fund expenditures.
On restricted funds, Henson said those budgets require attention to grant deadlines and matching requirements and that as a county office SCOE receives a higher share of restricted resources. She told trustees staff will continue to update planning factors as state guidance is finalized and will return with a modeling slide later this spring.
