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ERIC Number: ED528262
Record Type: Non-Journal
Publication Date: 2008-Mar
Pages: 6
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Overview of Governor Schwarzenegger's Proposed 2008-09 State Budget. Commission Report 08-02
California Postsecondary Education Commission
On January 10, 2008, Governor Arnold Schwarzenegger released his proposed budget for the 2008-09 fiscal year. State revenues for the 18 months covering the last half of 2007-08 and 2008-09 are projected to be nearly $16 billion below planned expenditures. The budget seeks to close this shortfall by cutting 2008-09 funding for most programs by 10% below initial allocations based on workload growth and cost factors. Current-year spending will be cut by $217 million. Proposed General Fund spending is $2.4 billion (2.3%) below 2007-08. The total budget, including the public transportation account and other special funds, will be $141 billion, $4.2 billion (2.9%) lower than estimated 2007-08 spending. This paper provides an overview of Governor Schwarzenegger's proposed 2008-09 state budget.
California Postsecondary Education Commission. 770 L Street Suite 1160, Sacramento, CA 95814. Tel: 916-322-9268; Fax: 916-327-4417; e-mail: Publication_Request@cpec.ca.gov; Web site: http://www.cpec.ca.gov
Publication Type: Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: California Postsecondary Education Commission
Identifiers - Location: California