Not exactly a cut but delayed school payments have a cost

03-18-2011

Blog by Greg Lucas/California’s Capitol

Among the budget-related bills approved by the Legislature March 16 was one that postpones $5.2 billion in state payments to public schools. Since the fiscal year ending June 30, 2008, the state has shorted public schools $18.6 billion that schools are owed under the formulas dictating annual state support. More than $6 billion of the $18.6 billion was offset by one-time federal economic recovery aid. During the same period, the state also postponed $6.3 billion in payments to schools, causing numerous school districts to cut staff or borrow at their own expense – with interest – to cover their costs while waiting for the state to send its checks. (more...)

Also: Thoughts on Public Education Week

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Not exactly a cut but delayed school payments have a cost

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