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.
Gov. Jerry Brown, unveiling his revised state budget, is flanked by a chart showing billions of dollars of Medi-Cal cuts. (Photo: Rich Pedroncelli/Associated Press)Gov. Jerry Brown’s state budget draft is a no-frills document reflecting fears about the policies of the Trump administration, a Republican-led Congress and the likelihood of an economic recession. “The potential of a federal reduction in aid to California is real enough,” Brown noted, as he unveiled his revised $180 billion spending plan for 2017-18.
Calpensions: An accounting board best known for requiring the calculation and reporting of the debt owed for retiree health care promised government workers, which often turned out to be shockingly large, is having another moment. This month the Governmental Accounting Standards Board applied new rules for reporting pension debt to retiree heath care.