to the state by June 29, 2024, or a short time after. Doing so allows those colleges to move ahead with their construction plans and avoid delays, Laird told CalMatters, which can be expensive in construction.
“It would just be good that there'll be some certainty and everybody relax,” Laird said at a Senate budget committee hearing last week. “It's only in the finance world where you can remove a billion dollars from the budget and say it's not a cut.”Without a 30-year guarantee of state money flowing to colleges and a drop in state support, the campuses would have to dip into their operating budgets to pay for the debt that was basically foisted upon them, which in turn could lead to cutting classes and other student programs, Duncan said.