EdWatch 2013 – The next California budget bill: Paying down vs. building up (EdSource)

January 3, 2013 – The next California budget plan, due to be released by January 10th, is generating a lot of buzz, because, with the passage of Proposition 30 and an improving economy,  the governor is expected to have more money to spend on education – $4.2 billion more. That would raise the Proposition 98 guarantee to nearly $56 billion in 2013-14, almost an 8 percent increase over this year, according to projections by the nonpartisan Legislative Analyst’s Office. But Brown is also facing difficult choices on how to spend it. How much of the additional revenue goes to pay back deferrals and other debts and how much restores programs will be a point of tension.

Link to Full Article: http://www.edsource.org/today/2013/edwatch-2013-the-next-budget-bill/24808#.UOW1Y3eup-q

Source: LAO Report, The 2013-14 Budget



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