Budget Update-June 5, 2009. Report 09-13Report as inadecuate

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California Postsecondary Education Commission

With the failure of most of the May 19 ballot measures, Governor Arnold Schwarzenegger has released additional proposed revisions to the current year (2008-09) and budget year (2009-10) state spending plans. The Governor and Legislature adopted an 18-month spending plan in late February, but that budget now has a $24 billion deficit. The Legislature has convened the Budget Conference Committee to discuss proposed changes to the February-adopted budget and reconcile planned spending with anticipated revenues. The Conference Committee expects to complete its work by mid-June. Presented herein is a summary of the major components of the May Revision to the 2009-10 state budget.

Descriptors: Educational Finance, Budgets, State Legislation, State Government, Financial Support, Budgeting, Taxes, Rehabilitation, Correctional Institutions, Social Services, Community Colleges, State Colleges, Federal Aid, Postsecondary Education, Elementary Secondary Education, Resource Allocation

California Postsecondary Education Commission. 770 L Street Suite 1160, Sacramento, CA 95814. Tel: 916-322-9268; Fax: 916-327-4417; e-mail: Publication_Request[at]cpec.ca.gov; Web site: http://www.cpec.ca.gov

Author: Woolfork, Kevin

Source: https://eric.ed.gov/?q=a&ft=on&ff1=dtySince_1992&pg=3967&id=ED507506

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