Kamala Harris exits the 2026 governor’s race. CalSTRS reports strong growth in the state’s teacher pension fund. And long-halted federal education funds are confirmed to flow to California.

California’s revenues remain above forecast, with personal and corporate tax receipts boosting reserves that may cushion future shortfalls. Meanwhile, former Assembly Speaker Anthony Rendon has entered the 2026 race for Superintendent of Public Instruction, joining a crowded field of 15 candidates who bring diverse education priorities to the statewide contest.

California’s 2026 gubernatorial race is already crowded, with 66 declared candidates vying for attention. Among them, Democrats Eleni Kounalakis, Antonio Villaraigosa, and Katie Porter are beginning to distinguish themselves. Meanwhile, CalPERS reports a robust 11.6% return—bringing its funded status closer to 80% as it rebounds from years of volatility.

Global tariffs may soon hit California’s classrooms. With $11B in added costs and a projected $12B state deficit, schools face delayed payments, rising construction costs, and more. The Teachers' Retirement Board is already sounding the alarm. Read how shrinking revenues and economic policy shifts could leave districts struggling to fund staff, facilities, and programs.