(a) (1) The Legislature finds and declares all of the following: (A) The calculation of the stateâs minimum funding obligation pursuant to subdivision (b) of Section 8 of Article XVI of the California Constitution must be based upon actual tax revenue data when it is available. (B) Due to winter storms in early 2023, the United States Internal Revenue Service extended the tax filing deadlines for the 2022 tax year to November 16, 2023, for over 99 percent of California taxpayers. The Franchise Tax Board conformed to this action and extended the state income and corporate tax filing deadlines to November 16, 2023. Because of these extensions, the Legislature did not have actual 2022 tax revenue data at the time the Budget Act of 2023 (Chs. 12, 38, and 189, Stats. 2023) was enacted upon which to determine the accurate state minimum funding obligation for the 2022â23 fiscal year. (C) Due to the lack of actual tax revenue data, the minimum funding obligation for the 2022â23 fiscal year funded in the Budget Act of 2023 was in total six billion one hundred ninety-two million nine hundred twenty-nine thousand dollars ($6,192,929,000) over the minimum funding obligation computed with actual tax revenue data. (2) It is the intent of the Legislature to do all of the following: (A) Provide a methodology in this section to account for the costs identified in subparagraph (C) of paragraph (1). (B) Reflect the minimum funding obligation to school districts and community colleges pursuant to Section 8 of Article XVI of the California Constitution in the 2023â24 fiscal year. (C) Provide a methodology to keep future fiscal years open for the purpose of computing the minimum funding obligation in any fiscal year in which a significant proportion of actual tax revenue data is not available before May 1 due to extraordinary personal and corporate tax filing extensions, without reducing school funding already allocated in an impacted fiscal year. (b) (1) For purposes of Section 41206.03, five billion four hundred twenty-two million one hundred forty-three thousand dollars ($5,422,143,000) allocated in the 2022â23 fiscal year to support school district and charter school local control funding formula apportionments pursuant to Sections 42238.02 and 42238.03 and the associated warrants issued pursuant to Section 14041 shall be considered excess moneys credited to the 2022â23 fiscal year only for the purposes of determining the stateâs minimum funding obligation to school districts and community college districts in the 2022â23 and 2023â24 fiscal years pursuant to Section 8 of Article XVI of the California Constitution. (2) For purposes of Section 41206.03, seven hundred seventy million seven hundred eighty-six thousand dollars ($770,786,000) allocated in the 2022â23 fiscal year to support community college student centered funding formula apportionments pursuant to Section 84750.4 and the associated warrants issued pursuant to Section 84320 shall be considered excess moneys credited to the 2022â23 fiscal year only for the purposes of determining the stateâs minimum funding obligation to school districts and community college districts in the 2022â23 and 2023â24 fiscal years pursuant to Section 8 of Article XVI of the California Constitution. (c) (1) (A) (i) In the 2027â28 fiscal year, and annually for 11 fiscal years thereafter through the 2038â39 fiscal year, four hundred thirty-seven million seven hundred sixty-nine thousand dollars ($437,769,000) of the amount described in paragraph (1) of subdivision (b) shall be recognized for budgetary and financial reporting purposes, pursuant to Section 12460 of the Government Code, as an allocation from the General Fund to the Superintendent for local control funding formula entitlements attributable to the 2022â23 fiscal year pursuant to Sections 42238.02 and 42238.03, and the associated warrants issued pursuant to Section 14041, in the 2022â23 fiscal year. (ii) In the 2
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