I wanted to update you on a few things.
We thank the teams from Coast, Glendale, Los Angeles, San Jose/Evergreen, Los Rios, San Francisco, and Yuba that participated in Tuesday's Capitol Days event. The teams met with their local legislators and members of the Assembly Budget subcommittee on education prior to the hearing on Wednesday. District representatives urged backfill of the $149 million current year local revenue shortfall and provided detailed information as to how each district is coping with the cumulative and serious budget cuts which have occurred over the last 5 years.
I wish I could give you some better budget news, but we've been closely watching the daily cash reports from the State Controller, and it looks like April's personal income tax revenues will be at least $2 billion below the amount projected in January's budget proposal. This has a two-year impact, as it's likely to "lower the base" for next year's personal income tax projections.
We're gearing up for the budget sprint that will occur between the governor's May revision to his January proposal and final budget adoption in mid-to-late June. We will have a webinar with details on the May Revise on May 15.
As of now, we expect the "best case scenario" in which the tax measure passes to be the same or even a little better than January, but the worse case scenario will likely be a bigger trigger cut than the current budget proposal. District planning for next year will be extraordinarily difficult, with the prospect of new revenue or a significant budget cut that won't be known until November 6.
We would love to hear how you are planning with this uncertainty, and how we can best assist you in your efforts to maintain access and success for our students in these challenging times.
Have a great weekend!
President and Chief Executive Officer, The League
Orange Coast College '94