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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

CA PROPOSES RECORD SPENDING ON SCHOOLS

February 8, 2020

In his budget proposal for the 2020-21 fiscal year, Governor Gavin Newsom proposes record-high spending of $77.1 billion on K-12 schools and higher education, a 75 percent increase from the $43.9 billion spent in 2011-12.

The Governor noted that per-pupil spending has increased more than $7,200 since 2011-12, with the state planning to spend $17,964 per student in 2020-21 with revenue from existing taxes.

California’s K-12 education and higher education would account for 50.4 percent of the state’s general fund budget under Newsom’s proposal.

According to the Governor’s website, this is the “Largest K-12 education per-pupil expenditure in history.”

With spending at record levels, our industry argues there is no reason to undo Proposition 13 with a split roll.

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