AB 757: School finance: budget reports.

California · Assembly · 2025–2026 Regular Session · last verified February 3, 2026

What AB 757 does, verified February 3, 2026

This bill would modify the deadline for school districts to approve budget reports. Currently, the deadline is 45 days after the close of the period being reported, but it would be extended to December 20 in years when a regular election for governing board members is conducted. This change aims to give governing boards more time to review and approve the budget reports.

Bill journey

✓IntroducedComplete

2In CommitteeCurrent

3First Chamber FloorPending

4Second ChamberPending

5GovernorPending

6ChapteredPending

Last action: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (2026-02-02)Alert me

Author and sponsors

Asm. Blanca PachecoAuthor · California State Assembly

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Recent actions6 total · showing 5

Feb. 02, 2026	From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Jan. 31, 2026	Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
Mar. 12, 2025	In committee: Set, first hearing. Hearing canceled at the request of author.
Mar. 03, 2025	Referred to Com. on ED.
Feb. 19, 2025	From printer. May be heard in committee March 21.

Full action history, 1 earlier actionConnect Plus

Latest bill textIntroduced version, February 18, 2025 · 574 words

CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION

Assembly Bill

No. 757

Introduced by Assembly Member Pacheco

February 18, 2025

An act to amend Section 42130 of the Education Code, relating to school finance.

LEGISLATIVE COUNSEL'S DIGEST

AB 757, as introduced, Pacheco. School finance: budget reports.

Existing law requires the superintendent of each school district to submit 2 reports to the governing board of the school district during each fiscal year. Existing law requires the first report to cover the financial and budgetary status of the school district for the period ending October 31, and the second report to cover the period ending January 31. Existing law requires both reports to be approved by the governing board of the school district no later than 45 days after the close of the period being reported.

Existing law requires the governing board of each school district to hold an annual organizational meeting. In a year in which a regular election for governing board members is conducted, existing law requires the meeting to be held on a day within a 15-day period that commences with the 2nd Friday in December following the regular election. In years in which no regular election for governing board members is conducted, existing law requires organizational meetings to be held on any date in December, but no later than December 20.

This bill would, for those years in which a regular election for members of the governing board of the school district is conducted, extend the deadline for the governing board of the school district to approve the report for the period ending October 31 to instead be no later than December 20.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 42130 of the Education Code is amended to read:

42130.

(a) The superintendent of each school district shall, in addition to any other powers and duties granted to or imposed upon ~~him or her,~~ them, submit two reports to the governing board of the school district during each fiscal year. The first report shall cover the financial and budgetary status of the district for the period ending October 31. The second report shall cover the period ending January 31. ~~Both reports shall be approved by the district governing board no later than 45 days after the close of the period being reported.~~ All reports required by this subdivision shall be in a format or on forms prescribed by the ~~Superintendent of Public Instruction,~~ Superintendent, and shall be based on standards and criteria for fiscal stability adopted by the ~~State Board of Education~~ state board pursuant to Section 33127. The reports, and supporting data, shall be maintained and made available by the school district for public review.

(b) (1) For those years in which no regular election for members of the governing board of the school district is conducted, the governing board of the school district shall approve both reports no later than 45 days after the close of the period being reported.
(2) Consistent with subdivision (a) of Section 35143, for those years in which a regular election for members of the governing board of the school district is conducted, the governing board of the school district shall do both of the following:
(A) Approve the report for the period ending October 31 no later than December 20.
(B) Approve the report for the period ending January 31 within 45 days of January 31.

Text of AB 757 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions