Showing posts with label eudcation. Show all posts
Showing posts with label eudcation. Show all posts

Saturday, January 15, 2011

California Schools Will NOT Spared

Jerry Brown claims that schools will be sparred the budget axe for 2011-2012, saying that they will be funded at the same level as 2010-11. One problem with this is that schools were given $49.6 billion last year, plus an additional $1.8 billion in one-time funds. However, the $1.8 billion was deferred until 2011 Schools therefore should get $51.4 billion next year. However, school lobbyists recommended not spending the money, because Brown could easily defer it again. Because of declining tax revenues, schools in 2011-2012 are projected to only get $47.3. Brown wants to provide another $2 billion, but only if voters approve income tax increases on themselves.$49.3 billion, over $1 billion less than they were promised, but not given, last year. Schools say they need another $2 billion so they can spend the $51.4 billion promised for this school year. Brown says they'll get the additional money, but the Department of Finance says it will only be $400 million. The Legislative Analyst's Office said that Brown had to add the full $2 billion or make education cuts.

Bottom line: Education is going to get slashed next year, over and above the $2 billion lost from declining tax revenues.