Funding for California schools through Proposition 98 is heading up, even though the state’s general fund will still be facing a small deficit over the next couple of years. That’s according to the latest budget forecast released yesterday by the Legislative Analyst’s Office (LAO).
“Our numbers reflect growth in Proposition 98 of a couple of billion each year, even more in the out years,” said Legislative Analyst Mac Taylor during a press conference in Sacramento.
Passage of Proposition 30 is a significant part of that, said Taylor, along with budget cuts in recent years and the state’s economic recovery. Proposition 30, which temporarily raises the sales tax and increases income taxes on the wealthiest Californians, is expected to raise the Prop. 98 guarantee by about $3 billion a year.