Under Prop 25, the legislature has to pass a "balanced" budget by June 15. Because of other rules, it has to make available that budget a few days earlier. So there is a budget bill. "Balance" is simply a paper concept - it has to "balance" on paper (and with the right assumptions, virtually any budget can be made to "balance"). In addition, "balance" need not involve income = outflow, the common sense meaning of the term. The Legislative Analyst's Office (LAO) has prepared some material about the legislature's budget.** But we really don't have a macro view of how it compares with the May Revise.
However, a recent document from the LAO suggests that UC would have a cut of $400 million if federal money doesn't arrive (relative to what is not clear from the document) and most - but not all of that reduction would be restored if it does (which the legislature assumes). See the table below:
[Click on image to enlarge and clarify.] |
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*http://uclafacultyassociation.blogspot.com/2020/06/budget-hardball.html
**https://lao.ca.gov/handouts/FO/2020/Overview-of-the-Legislature%E2%80%99s-2020-21-Budget-Package.pdf
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