Welcome

Welcome to the Los Angeles Unified Budget Resource Guide. Our website is intended to support and clarify the budget and how Los Angeles Unified receives funds. Los Angeles Unified has a budget of approximately $18.8 billion for the 2023-24 fiscal year, which represents all funds including capital expenditures. The budget includes federal, state, and local resources that are allocated directly to schools based on student needs.

Los Angeles Unified’s Fiscal Outlook

Los Angeles Unified continues to be challenged with deficit spending wherein expenditures are greater than projected revenues. The projected deficits in FY 2024-25 and 2025-26 are $1,589.6 million and $94.5 million, respectively. The projected deficits also only account for known expenditures and do not account for any potential changes in compensation, health and welfare benefits or any additional program expenditures. The current fiscal outlook for the State of California is also trending towards lower revenues.

• The 2024-25 Governor’s Proposed State Budget released in January 2024 projected a state-wide budget shortfall of $37.9 billion. 
  
  
• The Governor’s budget proposes withdrawals of approximately $5.7 billion from the Public School System Stabilization Account (PSSSA) to support Local Control Funding Formula (LCFF) costs in the current and future budget years.
  
  
• The Governor’s proposal funded a 0.76% Cost-of-Living Adjustment (COLA) for 2024-25 LCFF and other categorical programs which is significantly down from the 3.94% COLA estimated at the 2023-24 Enacted State Budget (June 2023). The Legislative Analyst’s Office (LAO) warns of worsening budget conditions ahead as the state’s year-to-date revenue receipts are falling below forecast.
  
  
• The Governor has a statutory deadline of May 14 to introduce the 2024-25 May Revision Budget that will outline changes to the proposed budget based on updated revenue estimates.