The increase in the funding formula, broken down

Funding for transitional kindergarten will be included for the first time, and funding for home to school transportation will rise for the first time since 2013, with COLAs coming in future years. (dollars in million)

*This 6.57% COLA, adjustments for declining enrollment, and extra funding beyond COLA.
Chart: Yuxuan Xie Source: Senate budget report and Legislative Analyst’s Office