Volatile economic conditions, delayed tax filings, persistent inflation, bank runs, and a sagging technology sector are weighing heavily on state revenues after several years of dramatic increases in school funding. While the statutory cost-of-living factor has increased, state revenues are down, and other cost pressures are increasing. More so than ever, this year’s annual May Budget Revision will force the governor and his staff to make difficult estimates with very limited information. In this members-only webinar, CSDC staff provides essential information on key topics all charter school leaders need.
Welcome & About CSDC
CSDC Charter School Operations Specialist, Candice Lamarche, kicks off the live webinar, welcoming the hundreds of California charter schools represented in today’s audience.
This webinar is one of the many benefits available exclusively to CSDC Member schools and it builds upon CSDC’s preliminary take on the May Revise published right after Governor Newom’s May 12 address.
CSDC’s Legislative and Community Outreach Specialist, Laura Kerr, gives an update on the latest developments in Sacramento and explains CSDC’s position on these charter-related bills:
Budget Process & Timing Context
CSDC’s Executive Director and Founder, Eric Premack, provides a status update of where we’re currently at in the annual budget development cycle.
Economic Context California, National, and International
Unemployment is low, wages are growing, and we are not in a recession yet. But economic storm clouds are gathering on the horizon.
Prop 98 & Education Funding Big Picture
K-12 Education Budget Proposals: COLA, LCFF & LCAP
Proposition 28 Arts Funding