State Superintendent of Public Instruction Tony Thurmond today praised Governor Gavin Newsom’s proposed budget for fiscal year 2019–20.
“Governor Newsom hit a home run in his first budget in education and across the board. The budget is thoughtful and balanced and makes good use of public funds, but it is appropriately aggressive in its focus on helping Californians who need it most,” he said.
Governor Newsom proposed increasing K–12 education by $2.3 billion, investing $1.8 billion in early education, and providing $3.7 billion to help all districts deal with rising pension costs, which are stressing budgets of districts throughout the state. The pension aspect of his budget includes a proposed a one-time $3 billion contribution to CalSTRS and $700 million in each of fiscal year 2019–20 and 2020–21 to reduce the rates districts are charged for their employees’ pensions.