July 2021
Budget Pays Down School and Community College Deferrals
(In Millions)
K-12 Education |
Community Colleges | Totals | |
Payment Deferrals (Enacted June 2020) | $11,042 | $1,453 | $12,495 |
Deferral Paydowns (Enacted June 2021):a | |||
Scored to 2019-20 | $0 | -$145 | -$145 |
Scored to 2020-21 | -8,042 | -1,079 | -9,120 |
Scored to 2021-22 | -3,000 | -230 | -3,230 |
Totals | -$11,042 | -$1,453 | -$12,495 |
Remaining Deferrals | $0 | $0 | $0 |
a Scoring reflects the year to which the payments are attributed for purposes of meeting the Proposition 98 guarantee. Districts will receive all of the associated cash in 2021-22. |