Budgets: multiyear financial commitments.
What changed between versions
Financial certification requirements for school districts and county offices of education are narrowed from covering the current fiscal year plus two subsequent fiscal years to only the current fiscal year plus one subsequent fiscal year. This affects positive, qualified, and negative certification determinations under Education Code Section 1240.
Fiscal distress determinations by the Superintendent under Education Code Section 1630 are narrowed from assessing whether a county office of education can meet obligations for the current year plus two subsequent years to only the current year plus one subsequent year. This affects when going concern notices and intervention actions are triggered.
New requirement that the State Board of Education amend regulations (Subchapters 8 and 9 of Chapter 14, Division 1, Title 5) by March 1, 2027 to replace references to 'two subsequent fiscal years' with 'the subsequent fiscal year.' These amendments are exempt from standard administrative rulemaking procedures.
New requirement that the State Department of Education modify the Standardized Account Code Structure reporting software to eliminate reporting fields for a second subsequent fiscal year and ensure the system reflects a two-year operational and forecasting structure commencing with the 2027-28 fiscal year.
Education Code Section 33128 now explicitly defines that multiyear commitments in budget standards and criteria are limited to only the current fiscal year and the subsequent fiscal year, including cost-of-living adjustments.