$20B more projected in early forecast for 2022-23 funding for K-14 schools

In what usually is an accurate annual preview of the governor’s state budget released in early January, the state Legislative Analyst’s Office is projecting a double-digit increase in billions of dollars and percentages in 2022-23 in education funding under Proposition 98. That’s the formula that determines the minimum funding allocation for K-14 schools.

Schools and community colleges can expect an additional $20 billion in 2022-23, which will follow a record level of funding this year. Even the usually restrained LAO calls this good fortune “extraordinary.”