AB-757 • 2026

School finance: budget reports.

Budget Education Elections

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Pacheco
Last action: 2026-02-02
Official status: From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Effective date: Not listed

Plain English Breakdown

The official summary does not provide information on the consequences of submitting reports late or any specific requirements for the content of the financial reports beyond their deadlines.

School Budget Reports Deadline Change

This law changes the deadline for school districts to approve their first budget report after regular elections.

What This Bill Does

Requires the superintendent of each school district to submit two financial reports every fiscal year.
The first report covers money and spending from July 1st to October 31st, and must be approved by the governing board within 45 days after it is due.
If there is a regular election for school board members in that year, the deadline for approving the first report (October 31) is extended until December 20.

Who It Names or Affects

School superintendents
Governing boards of school districts

Terms To Know

Governing board: The group of people who make decisions for a school district.
Fiscal year: A period of one year used for budgeting and financial reporting, usually starting in July for schools.

Limits and Unknowns

Does not change the deadline for approving the second report (January 31).
Only affects years with regular elections for school board members.
The bill does not specify what happens if a report is submitted late.

Bill History

2026-02-02 California Legislative Information
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2026-01-31 California Legislative Information
Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
2025-03-12 California Legislative Information
In committee: Set, first hearing. Hearing canceled at the request of author.
2025-03-03 California Legislative Information
Referred to Com. on ED.
2025-02-19 California Legislative Information
From printer. May be heard in committee March 21.
2025-02-18 California Legislative Information
Read first time. To print.

Official Summary Text

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.

Current Bill Text

Read the full stored bill text

Download Bill PDF