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ERIC Number: ED528396
Record Type: Non-Journal
Publication Date: 2008-Jan
Pages: 2
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Summary of the Governor's Proposed 2008-09 Budget for Higher Education. FS 08-01
California Postsecondary Education Commission
On Thursday, January 10, 2008, Governor Arnold Schwarzenegger released his proposed budget for the 2008-09 fiscal year. The proposal attempts to address an estimated $14.5 billion deficit projected for the next 18 months by reducing 2008-09 State funding for most programs by an average 10% below the figure projected based on growth in workload and other factors. For example, proposed General Fund spending for higher education is $1 billion below the figure projected based on growth in workload and other factors, but is only $104 million (-0.9%) below the $11.8 billion spending in the 2007-08 revised budget. The budget proposes to revise current-year State spending down by $217 million. Table 1 shows projected budget revenues and expenditures and proposed funding reductions in State program categories. The budget proposes less General Fund spending in the budget year than in the current year: a year-to-year reduction of $2.4 billion (2.3%). For higher education, the 2008-09 budget proposes increased funding for enrollment growth and other factors, but this increase is offset by a budget-balancing reduction. Table 2 shows anticipated funding for higher education entities in the current and budget years. This paper presents the highlights of the education budget. (Contains 2 tables.)
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: Elementary Secondary Education; Higher Education; Postsecondary Education; Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: California Postsecondary Education Commission
Identifiers - Location: California