Friday, May 18, 2012
LAO Report on the May Revise: UC Barely Exists
The LAO has suggestions for reframing parts of the budget which might free up some money at the expense of K-14 (the Prop 98 world). And it raises a series of objections to the ways in which the Prop 98 formula guarantees are treated in the May Revise (although never saying they are "illegal"). The LAO has some doubts about the amount of money that will provide some budget relief as a result of the termination of local redevelopment agencies.
There is no proposal to cut back on the trigger reduction that UC would experience if voters do not approve the governor's tax plan in November.
In short, UC remains the flea on the back of the elephant in state budget deliberations.
The May Revise analysis of the LAO is at: