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LAO Projects Smaller State Budget Deficit, Highlights Budget Uncertainties

This morning, the Legislative Analyst’s Office (LAO), the non-partisan budget advisor to the Legislature, released a Spring Fiscal Outlook looking ahead to the 2020-21 fiscal year. Although the LAO recognizes the dramatic economic impacts of the COVID-19 crisis, and corresponding deep budget deficits, their fiscal assessment is significantly less dire than the Fiscal Update that we wrote about yesterday, after it was released by the Governor’s Department of Finance (DOF). DOF projected a $54 billion budget shortfall, while the LAO projects the shortfall to be between $18 and $31 billion. It is important to note that these shortfalls assume no cuts to K-14 education – that is, continued funding at the 2019-20 level, adjusted for growth and COLA.
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UC Publishes Updated IB Policy

Great news from Marie Vivas, Senior Development Manager IBO regarding the University of California System! She has been working on this policy for quite a while and UC is maintaining it's current policy for IB Credit! Many thanks to Marie!

UC will continue to award credit for designated IB subjects passed with scores of 5, 6 or 7, as well as extra units for the IB Diploma completed with 30 points or more.

HOW WILL UC AWARD CREDIT FOR IB SUBJECTS, THE IB DIPLOMA, AND GCE A-LEVEL SUBJECTS GIVEN THAT EXAMS HAVE BEEN CANCELLED?
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Newsom suspends state testing

March 18 - Based upon separate comments from Governor Newsom yesterday and State Superintendent Thurmond this morning, California is expected to cancel all required assessments for the remainder of the 2019-20 school year, pending the approval of a federal waiver.

We anticipate the Governor to issue an executive order soon to formalize the position and we will provide that to you when it is available.

Thanks,
-Barrett

Barrett Snider
Partner
Capitol Advisors Group
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