<$MTBlogName$>

Lea Suzuki / AP

Gov. Jerry Brown delivers the commencement address at the Charles and Louise Travers Department of Political Science commencement ceremony at the University of California on Monday, May 20, 2013 in Berkeley.

Brown: Property taxes not high enough to trigger extra money for UC, CSU

Published: Wednesday, Jul. 16, 2014 - 4:47 pm

The Brown administration said Wednesday that local property tax revenue from the last budget year did not come in high enough to trigger an additional $100 million in funding for state colleges and universities.

The announcement, contained in a brief letter to lawmakers, resolves a compromise that came out of disagreement between Gov. Jerry Brown and legislative leaders about how optimistic to be in their revenue estimates. The final budget promised $50 million each to the University of California and California State University systems for deferred maintenance projects if property taxes exceeded administration estimates.

The budget agreement would have provided smaller amounts to address deferred maintenance in other areas, including state parks.

The Department of Finance on Wednesday put local property taxes from the 2013-14 budget year for K-12 schools at about $12.9 billion, about $73 million less than anticipated.

Finance officials said earlier this week that overall revenue for the last budget year came in $389 million above forecasts.

Assembly Speaker Toni Atkins, D-San Diego, said in a prepared statement that with overall revenue running ahead of Brown’s estimates, lawmakers will introduce legislation in August to provide additional money to the UC and CSU systems.

“We are disappointed property tax revenues did not exceed projections,” she said in the statement. “However, with General Fund revenues ending 2013-14 nearly $400 million above projections, the Assembly will introduce legislation in August to fund UC and CSU at the level we had hoped for when we passed the budget last month.”

Editor’s note: This post was updated at 3:25 p.m. to specify property tax estimates were for K-12 schools.


Call David Siders, Bee Capitol Bureau, (916) 321-1215. Follow him on Twitter @davidsiders.

Read more articles by David Siders



Capitol Alert on Twitter

Capitol Alert Archives

Note: Capitol Alert switched blog platforms in July 2014. All posts after the switch are found here. Older posts are available using the list below.


Sacramento Bee Job listing powered by Careerbuilder.com
Quick Job Search
Sacramento Bee Jobs »
Buy
Used Cars
Dealer and private-party ads
Make:

Model:

Price Range:
to
Search within:
miles of ZIP

Advanced Search | 1982 & Older

TODAY'S CIRCULARS