Few, if anyone, knows Proposition 98 better than Ken Kapphahn, the Principal Fiscal and Policy Analyst at the Legislative Analyst’s Office. With a slowing economy that may be heading into a recession and is already affecting state General Fund revenues, Ken provides detailed insight into how the larger economic dynamics are currently affecting K-12 and community college funding, including what the road ahead may look like.
In the October 5, 2022, interview, Ken explains:
- How softening state General Fund revenues impact the Proposition 98 minimum guarantee for 2021-22, 2022-23, and looking forward to 2023-24
- What options the state has if the minimum guarantee falls below current levels (estimated at $110.4 billion in 2022-23)
- What options the state has to fund an anticipated high K-14 cost-of-living adjustment due to persistent cost increases if the minimum guarantee drops
- The risks to the K-12 and community college Learning Recovering Emergency Block Grant and the Arts, Music, and Instructional Materials Block Grant appropriated in the 2022 Enacted Budget