Governor Newsom Unveils 2024-25 Budget Proposal
Gov. Gavin Newsom unveiled his proposed budget for the next fiscal year on Wednesday. His administration is projecting a much smaller shortfall than what the Legislative Analyst’s Office predicted — $37.9 billion versus $68 billion.
With a deficit still looming, Newsom says he will declare a budget emergency in California. Newsom is avoiding big cuts for schools and colleges by proposing withdrawal of around $7 billion from the TK-14 rainy day fund. Despite an $11.3-billion projected shortfall for education, Newsom’s plan maintains current funding and existing commitments for new K-12 and community college programs.
On the other hand, Newsom wants to defer 5% increases for the University of California and California State University systems.
“We are deferring but not delaying, and there’s a distinction in the law that will allow UC and CSU just for one year to be able to borrow against that commitment,” Newsom explained.
The California Teachers Association released the following statement about the proposal:
“Governor Newsom’s proposed budget continues to keep our state’s commitment to equitable access to a quality public education and resources for all California students. In the face of a $37.86 billion budget shortfall, the governor’s ongoing commitment to public education means that school districts and community colleges will be able to build on the recent investments in education that have expanded learning opportunities for students.
“We are especially pleased that the governor remains unwavering in his commitment to Community Schools. With the historic $4.1 billion investment maintained, California is on the road to making one in four California schools a Community School. This prioritizes democratic decision making, racial justice, and the needs of students.
“CTA will continue to work with lawmakers throughout this year’s budget process to ensure the final budget reflects the will of California voters, educators, and parents to prioritize public schools and colleges. We will work to ensure there are no layoffs to educators and school employees as we have seen in some past budget deficit years. Layoffs are devastating and chaotic for educators, students, and communities. The budget shortfall this year, and the potential for cuts or freezes to vital services that people depend on, highlight the need for long-term, consistent investment in all public services, including public schools. California is the fifth largest economy in the world, and our students deserve nothing less than an education system that reflects that economic strength.”
Want to learn more about the proposal’s impact on education and what economic uncertainty will mean for California schools? Tune into the EdSource podcast’s latest episode with John Fensterwald.