Sacramento —Today, as details of the democrat budget compromise continue to be released, Assemblyman Hagman commented on some of its positive points but stressed concern with the overall increase in spending and additional changes to the education funding formula.
“Despite using the more conservative revenue projections of the Governor, the additional spending without a rainy day fund sets the state back up for painful cuts in the future and the boom-bust cycle budgeting mistakes of the past,” said Assemblyman Hagman.
Much of the additional spending could have been addressed with more stable solutions originally offered by Republicans as well, including restoration of the Cal Grant program and Medical provider rates. Unfortunately, Republicans were not involved in the creation of this compromise.
“The education portions of the budget are also concerning,” added Assemblyman Hagman. “There are reductions in promised education debt repayments combined with changes to the education funding formula that will likely decrease what schools would receive without the formula’s enactment while increasing inequalities in the allocations of funds.”
The budget compromise changes concentration grant components that increase the grant substantially, but distribute the monies to fewer districts based on those with over 55% low-income and English learner students. Therefore, if a low-income or English learner student is in a district below the concentration threshold, they will generate a supplement of 20% of the base grant, but if the same student is in a district above the concentration threshold, they would generate a supplement of 70% of the base grant.