♫ That's the way the money goes...

...PROP (98) GOES THE EASEL! ♫

As we approach June 15 when the legislature must pass a budget, it is worth noting that even as more revenue comes into the state treasury, Prop 98 - which allocates funding for K-14 by formula - tends to absorb it. Here is Brown's easel chart as reproduced by EdSource:

Over the last 3 years, although the May Revise has shown more funding than the January estimate, you can see how K-14 has absorbed it. For more details, see:
http://edsource.org/2015/new-school-funding-formula-gets-huge-boost-in-state-budget-plan/81128