Cola For Education For Fiscal Year 2024-25. Over the next several years, growth in the guarantee and required reserve withdrawals would be just enough to cover the statutory cola. The governor’s revised budget proposal closes both this year’s remaining $27.6 billion budget shortfall and next year’s projected $28.4 billion deficit while preserving many key services that californians rely on — including education, housing, health care, and food assistance.

Total receipts other than borrowings: Other information about the local control funding formula (lcff) is available on the california department of education’s lcff web page.