BUDGET NOTES. COLA The 1.07% COLA would apply to the LCFF base grant that charter schools receive. ERAF Distributions Proposal to make charter schools eligible to receive ERAF (Educational Revenue Augmentation Fund) revenues was rejected in the final budget agreement. School Facilities Bond $500 million of the $10 billion K-14 facilities bond is for Bond to be on November 2024 ballot. COLA Adult education would receive the 1.07% COLA, for an increase of $6.9 million, and a total of $659.1 million. Funded through Community Colleges
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Sources: Budget Agreement, Budget Agreement