On the other hand, disbursements were more or less accurately forecast when the state budget for 2025-26 was enacted and overestimated at the time of the May revise.
The state still has a significant reserve of cash in various accounts, so the prospect of the state handing out IOUs anytime soon, as in the Great Recession, is nil. All of this can be seen on the table below:
We don't yet have the budgetary summary numbers from the Dept. of Finance for the current year 2026-27. Xavier Becerra, the de facto incoming governor (since California no longer elects statewide Republicans) will spend his first 6 months under the Newsom-enacted budget. The budget he will present in January 2027 for 2027-28 will largely have been put together by the Newsom team, given the pressures of timing. So, if he has very different priorities from Newsom with regard to UC - and there is no indication that he has - that would be a surprise. Surprises, if they occur for UC, are more likely to occur from changes in economic activity and the stock market than from political turnover in Sacramento.
---
*https://www.sco.ca.gov/Files-ARD/CASH/June2026StatementofGeneralFundCashReceiptsandDisbursements.pdf.
No comments:
Post a Comment