Public education in California faces perilous 'funding cliff'
By Louis Freedberg/California Watch
The billions of federal stimulus dollars helping fund public education in California represent a double-edged sword. There is no question that the funds have helped California's public schools avert fiscal disaster. But it also means that in a very short period of time, the money will run out – in the case of colleges and universities, by next August – and when that happens, the state’s education institutions could find themselves falling into an even deeper financial abyss than they are in now. Educators have worried for a long time about this "funding cliff," which is steeper, and higher in California than almost every other state. That’s because California, with its massive size, has qualified for more stimulus funds than any other state. (more...)