Proposition 98 fight at core of state budget debate
By Capitol Weekly
When California voters narrowly approved Proposition 98 nearly 22 years ago, their anger was clear: They wanted to protect education funding from the Legislature’s political infighting and assure a stable source of money from year to year. In good years, the intricate, three-tier, school-funding scheme draws little attention. A description of the Proposition 98 formula can be found here. But in bad years – and right now, we’re in a bad year as the state confronts a $20 billion shortage – the complex formula that rides herd over more than 40 percent of the state budget is drawing a close look. Gov. Schwarzenegger, in his final budget as governor, has treated different areas of education differently. In his public pronouncements, he has said protecting school funding is a top priority. “Our state, our economy, our future is so dependent on education… we must protect education,” the governor said in January. (more...)