To the Peralta Community,
Congratulations to all of you – students, faculty and staff – who helped pass Proposition 30 last week. For the first time in years, we now have a budgetary plan for higher education in California from which all of us will benefit. Best of all, it allows our colleges to serve more students.
As Ron Gerhard, our Vice Chancellor for Finance, reported during his budget update to the Board of Trustees at last night’s meeting (November 13), the passage of Proposition 30 makes clearer the budget picture for the Peralta Colleges as well as the other 71 community college districts in California.
With approximately seven months remaining in the fiscal year, we have a better understanding of how much we will receive from the State for serving students. Proposition 30’s passage means that we can expect no cuts to our funding compared to the prior fiscal year. The Peralta Colleges can expect to be funded to serve 17,992 FTES compared to the approximately 16,600 FTES if Proposition 30 had failed. This difference equates to approximately $5.5 million that will be restored to the unrestricted general fund budget.
In addition to restoring $5.5 million to Peralta’s base budget, Proposition 30 also calls for approximately $210 million in new funds statewide. Of these new funds, $160 million will be used to buy down existing deferrals and the remaining $50 million is to be used to provide additional access to students. These new dollars are not expected to be allocated to districts until June 2013.
While the passage of Proposition 30 is good news overall, it represents only a partial restoration for Peralta to our 2010-11 level, when we were funded for serving 19,512 FTES. Nonetheless, thanks to Proposition 30, we will now be able to provide classes to more of our community’s students.
I will continue to keep you informed as we use our Budget Allocation Model process to put Proposition 30 dollars to work by restoring classes and serving our students at the Peralta Colleges.
Dr. José M. Ortiz