(a) For purposes of subdivision (b) of Section 8 of Article XVI of the California Constitution, all determinations of percentages, amounts, revenues, appropriations, allocations, proceeds of taxes, increases in cost of living, or enrollments shall be based upon the best available estimate until actual data becomes available, and then upon actual data when it is available. (b) Each year, by no later than April 25, the Superintendent shall provide the Director of Finance the latest available school enrollment data, allocated local proceeds of taxes received by school districts, apportionment data calculated and the related funding allocated pursuant to Section 14002, and all other final allocations of funds provided to school districts for the prior fiscal year. (c) Each year, by no later than April 25, the Chancellor of the California Community Colleges shall provide the Director of Finance final community college enrollment data, allocated local proceeds of taxes received by community college districts, and final allocations of all funds provided to community college districts for the prior fiscal year. (d) (1) Every year, by no later than May 14 following the end of the prior fiscal year, based on the data provided by the Superintendent and the Chancellor of the California Community Colleges pursuant to subdivisions (b) and (c), and on the Department of Financeâs final projection of General Fund revenues for the prior fiscal year, the Director of Finance shall recalculate the stateâs minimum funding obligation to school districts and community college districts pursuant to Section 8 of Article XVI of the California Constitution for the prior fiscal year. As part of the May Revision to the Governorâs Budget required by subdivision (e) of Section 13308 of the Government Code, the Director of Finance shall publish the Department of Financeâs calculation and the underlying data supporting the calculation, including the percentage for purposes of paragraph (1) of subdivision (b) of Section 8 of Article XVI of the California Constitution, whether paragraph (1), (2), or (3) of subdivision (b) of Section 8 of Article XVI of the California Constitution is applicable, any amount that shall not be considered allocations to school districts and community colleges for purposes of computing the amount of state aid in the subsequent fiscal year pursuant to subdivision (c) of Section 8 of Article XVI of the California Constitution, the creation or restoration of the maintenance factor, school district and community college enrollment, General Fund revenues, changes in per capita personal income, changes in per capita General Fund revenues, and property taxes to be provided in satisfaction of the stateâs minimum funding obligation to school districts and community college districts pursuant to Section 8 of Article XVI of the California Constitution for the prior fiscal year. (2) Notwithstanding paragraph (1), the Director of Finance shall publish the required calculations and the underlying data supporting the calculations for the 2022â23 fiscal year no later than June 30, 2024. (e) (1) The Superintendent, the Chancellor of the California Community Colleges, and interested parties shall submit any comments on the Department of Financeâs proposed calculations and published data to the Director of Finance and to the Joint Legislative Budget Committee by no later than June 6 of each year. (2) Notwithstanding paragraph (1), comments on the Department of Financeâs proposed calculations and published data for the 2022â23 fiscal year shall be submitted no later than July 8, 2024. (f) (1) The Director of Finance shall review any comments directed at the proposed Proposition 98 certification. Comments not directed at the proposed Proposition 98 certification shall be considered irrelevant and shall not be responded to by the Director of Finance. The Director of Finance shall accept or reject any timely relevant comments. If the Direc
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.