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California’s school students face a number of challenges that have been greatly exacerbated by the pandemic. Low public funding statewide, compounded over many years, has meant slow growth in learning and educational productivity, which has exacerbated educational gaps as disadvantaged and minority students lag far behind their peers across California’s K-12 system. There is a compelling need for additional investments in education to address these challenges to improve long-term educational and economic outcomes. As we demonstrate here, investments in education are critical for the students, the education system, and California’s economic future.