The Educated Guess » Feds could penalize budget cuts for education:
"How much spending is cut for K-12 schools and higher education next year may be determined not in Sacramento but in Washington, D.C. – and perhaps by the White House.
Legislative Analyst Mac Taylor this week projected an 18-month state budget deficit of $20.7 billion ($6.3 billion for the fiscal year ending June 30 and the rest next year).
Using the roughest rule of thumb, with K-12 schools and community colleges receiving roughly 40 percent of the budget and higher ed an additional 10 percent, one would assume that education could be expected to absorb 50 percent of that deficit – or $10 billion. That assumes, for the moment, no higher fees and taxes and no new budget gimmicks (Haven’t we run out of those by now?)."
"How much spending is cut for K-12 schools and higher education next year may be determined not in Sacramento but in Washington, D.C. – and perhaps by the White House.
Legislative Analyst Mac Taylor this week projected an 18-month state budget deficit of $20.7 billion ($6.3 billion for the fiscal year ending June 30 and the rest next year).
Using the roughest rule of thumb, with K-12 schools and community colleges receiving roughly 40 percent of the budget and higher ed an additional 10 percent, one would assume that education could be expected to absorb 50 percent of that deficit – or $10 billion. That assumes, for the moment, no higher fees and taxes and no new budget gimmicks (Haven’t we run out of those by now?)."
