|

Windfall $4+ billion in state receipts remains in state treasury through March

Byuclafaculty

We have noted that over $4 billion beyond the governor’s budget estimates for the current fiscal year began showing up in the state treasury at around the time of the congressional fiscal cliff, etc., decision.  It appeared to come from upped withholding of state income taxes, perhaps from individuals taking capital gains at the end of 2012 to avoid possible tax hikes thereafter.  No one seems to know for sure but once the money arrived, it stayed, i.e., it didn’t seem to be some fluke of timing that subsequently reversed.  The latest state controller’s cash statement continues to show no reversal.  You can find it at:
http://www.sco.ca.gov/Files-ARD/CASH/fy1213_march.pdf

Of course, April will be a big month for income tax collections so we will get a better fix on what is happening a month from now.

More is better than less:
[youtube http://www.youtube.com/watch?v=bpDdgfMUPUE?feature=player_detailpage]

Similar Posts

|

Report: Affordable Public Higher Education is Possible Today

Byuclafaculty

A report this week from Reclaim California Higher Education (a coalition of faculty and student groups) makes the case that affordable (even free) higher education is within reach for California. The privatization experiment has failed. The harm to a generation of hard-working, high-aiming young people is proven. It’s time to return to what works: the proven Master Plan for higher education in California. California, with its own resources, can afford to restore top-quality, accessible, affordable college and university opportunity to every qualified student. In fact, Californians can afford nothing less. You can read a summary and download the entire report…

| |

Jerry Brown Suggests Master Plan is Dated

Byuclafaculty

Our previous post covered the Jan. 22 meeting of the Regents’ Committee on Educational Policy.  As noted, there was discussion of the 1960 Master Plan for Higher Education, considered a major accomplishment of Brown’s father when he was governor. Below is a link to Brown’s comments in which he suggested the Plan was now dated.  [youtube http://www.youtube.com/watch?v=3RmjI4gVync?feature=player_detailpage]

| | | | | | | | |

Tradition!

Byuclafaculty

The Legislative Analyst’s Office (LAO) has issued a report on UC and CSU funding.  LAO is usually viewed as a neutral agency.  But it is a component of the legislature.  So it tends to favor approaches that add to legislative control as opposed to, say, gubernatorial control.  This report is no exception. LAO seems to want to return to what it terms the “traditional” approach to funding, but with bells and whistles added to monitor legislative goals.  The traditional approach seems to be one focused on undergraduate enrollment.  But in fact the tradition – such as it is – has…

|

7 Wasn’t So Lucky

Byuclafaculty

The cash statement from the California state controller for the first seven months of fiscal year 2013-14 is out.  Revenues are up about 1% from last year at this time.  That gain is not very good.  However, it may be largely due to an aberration last fiscal year when there was a surge of personal income tax revenue in January 2013.  The surge seemed to have something to do with antics back then in Washington over fiscal cliffs, etc., which might have resulted in some tax changes (but didn’t).  The current DC crisis de jour is the debt ceiling, but…

| | | | | |

The Resurrection?

Byuclafaculty

[More in our Regents coverage.  See earlier posts.]  The Regents spent some time on the old Master Plan for Higher Ed.  There was discussion, according to news reports, among representatives of UC, CSU, and the community colleges on better coordination. …“This report shines an important light on the need to have a central body whose sole focus is guiding the Legislature, governor and our three higher education segments as we plan and build for the future,” (Assembly speaker John Pérez) said. Full story at http://www.latimes.com/local/lanow/la-me-ln-college-reports-20140123,0,5215408.story Um, does no one remember  CPEC, which still exists in ghostly form as a website…