California is expected to get $6.7 billion more in revenue than originally anticipated in the January budget, bringing the total budget for K-12 in 2015-16 to $83 billion from all sources, according to Gov. Jerry Brown’s revised budget proposal. Based on how Proposition 98 works, $6.1 billion of that extra state revenue is earmarked for K-12 schools and community colleges – a big win for education.
Local Control Funding Formula boost
The Local Control Funding Formula will get an additional investment of $2.1 billion, raising the total amount of cash for the state’s school finance system to $6.1 billion. That means a $1,000 increase per student on average.
See prior posts on Local Control Funding in Sacramento City Unified.