Here is our report on the 2015-17 operating budget: Improving Economy Allows for Significant Spending on Education Without New Taxes. Briefly:

• The 2015–17 operating budget appropriates $38.219 billion.
• Spending is increased by $4.425 billion, or 13.1 percent, over 2013–15.
• An improving economy means that the state has about $3 billion more revenues than in 2013–15.
• Taxes are increased by a net of $180.1 million.
• Fund transfers add $178.1 million to available resources.
• The budget leaves total reserves of $1.257 billion.
• Public schools spending increases by 19.0 percent.
• $1.3 billion is appropriated in response to the Supreme Court’s McCleary decision.
• I-1351 is delayed for four years, saving $2.043 billion.
• College tuition is reduced, and funding for the institutions is increased to make up for the lost revenues.
• Collective bargaining agreements with state employees are funded, and teachers get a salary increase.