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Governor's Budget Update 2019

Every January, the Governor presents his budget proposal for the following fiscal year.  In January 2019, he presented his budget proposal for the 2019-2020 fiscal year.  This budget includes an increase in the Cost of Living Adjustment, or COLA at 3.46%, a statutorily calculated amount.  This is an increase from our 1st Interim Budget of 2.57% and will provide BUSD about $1 million more revenue than the 1stInterim from December 2018.  In addition, the Governor’s Proposed Budget (GPB) included reducing the contribution required by Districts for Teacher retirements.  It reduces the increase by 1% from what it was at 1st Interim, or about a $700,000 reduction in cost for the District.

Finally, the GPB includes increases to Special Education Services and Early Child Care Services, however, BUSD will not receive any of these additional funds as they have been targeted to district’s with high free and reduced lunch populations.

As a reminder, this is just an initial proposal. We will not receive the final budget numbers until June. We will use the information from the Governor’s proposal as well as our enrollment projections to update our budget on March 14, 2019 (2nd Interim).

A presentation of the Governor’s Proposed Budget can be found by clicking the link below: