UCLA students at graduation ceremonies.(Photo: Joseph Sohm, via Shutterstock)
Times are flush in the Golden State, fiscally speaking. With a total budget surplus of $97.5 billion, Gov. Gavin Newsom’s May budget revision prioritizes the funding of higher education. Just ask Chancellor Eloy Ortiz Oakley, who helms the California Community Colleges.
In 2013, the Legislature and the Governor agreed to a restrained state budget for 2013–14, and our forecast of state tax revenue collections has increased since last year. Accordingly, we now find that California’s state budget situation is even more promising than we projected one year ago.