California facing strange budget woes with too much money
LA School Report | April 8, 2015
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By Chris Megerian | The Los Angeles Times
California could face a strange budget problem in coming months — one resulting from too much revenue rather than too little.
In a worst-case scenario outlined by legislative analysts on Tuesday, there could be a $1.3 billion budget gap as higher-than-expected revenue collides with California’s formula for funding public schools and community colleges.
As state revenue increases, that formula requires more money to be spent on education, which could cut into other areas of the budget.
“The factors driving school spending upward now make it more difficult to fund other potential state budget priorities,” such as making debt payments, said the report from the nonpartisan Legislative Analyst’s Office, which provides budget advice to lawmakers.
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