History of IDEA
Jeannie Oakes, Founder and Former Director
Youth Voice in School Finance
NEW REPORT: Los Angeles' road to A-G for all
Without Dollars and Sense Powerpoint
Past Educational Opportunity Reports
The potential curse of money deferred
- 10-11-2010
-
Blog by John Fensterwald/Educated Guess
Even in suspending Proposition 98, after hemming and hawing all night long, for only the second time, the Legislature approved Prop 98 spending of $1.2 billion more than Gov. Schwarzenegger proposed in May. And then lawmakers tacked on $3 billion on top of that. That’s the good news. The bad news is how they did it, with $1.9 billion of the $3 billion ($1.7 billion for K-12, $200 million for community colleges) deferred until the next fiscal year. In the end, that may leave school districts worse off than before. Here’s why: There’s a good chance that for many reasons the deferred money will be like vaporware – an undelivered promise. The state budget is built on optimistic assumptions of $5 billion extra funding from the federal government and higher state revenue than the governor projected. The state is facing a continued deficit made worse by the expiration of about $9 billion in temporary taxes, starting next year. (more…)
Send this
Print this
