January 2021
Deferral Paydowns in Governor's Budget
In Millions
K-12 Education |
Community Colleges | Totals | |
Payment Deferrals (Enacted June 2020) | $11,042 | $1,453 | $12,495 |
Proposed paydowns (Governor's Budget):a | |||
Scored to 2019-20 | $0 | -$145 | -$145 |
Scored to 2020-21 | -4,624 | -901 | -5,525 |
Scored to 2021-22 | -2,695 | -81 | -2,776 |
Totals | -$7,318 | -$1,127 | -$8,445 |
Remaining Deferrals | $3,723 | $326 | $4,050 |
a Scoring reflects the year to which the payments are attributed for purposes of meeting the Proposition 98 guarantee. Schools and community colleges will receive all of the associated cash in 2021-22. Deferral paydowns are not part of the Governor's proposal for early or immediate action. |