By John Fensterwald and Kathryn Baron
With state revenues surging, Gov. Jerry Brown is proposing to raise K-12 spending in next year’s state budget a healthy $725 per student – 8.5 percent on average – and to use additional new dollars to wipe the last $6 billion of late payment to schools, known as deferrals, off the books.
Brown will highlight increases for education when he releases the 2014-15 budget this morning. Leaks of the document to the news media on Wednesday pushed up the scheduled release a day. (See here and here for reports on the overall General Fund budget.)
Proposition 98 spending in 2014-15 would be $14.3 billion or 30 percent more than three years ago but less than 9 percent above the pre-recession level of $56.6 billion. Source: Governor’s Budget Summary for 2014-15.