In January, Governor Jerry Brown released his 2018-19 proposed budget, which includes a proposal to dramatically change the way California funds its community colleges. This student-focused funding formula would allocate resources based, in part, on student needs and community college district performance. If implemented well, this approach would be more equitable than the current funding model, which primarily rewards colleges for enrolling students rather than supporting them to complete a certificate, degree, or transfer. This Equity Alert looks at emerging funding models nationwide, explains Governor Brown's proposal, and highlights some considerations for equity. It also shares a few ways stakeholders and advocates can get involved as the equitable community college funding proposal is debated and revised between now and when the budget is adopted in June.