On Friday, June 26, the Assembly approved the bills that form the core of the State Budget and K-12 education funding. The Senate has approved some of these bills, and will approve the remainder on Monday. We know this is the final budget deal because the Assembly has recessed.
While initially favoring different approaches to the economic shortfall brought on by COVID-19 and the statewide stay-at-home order, Governor Newsom and legislative leaders reached a compromise. The overall solution to the budget shortfall is a combination of cuts, deferrals and new revenue. The following is a summary of the budget deal as it affects school facilities and overall educational operations. The budget and trailer bills approved today will be sent to the Governor for his approval.