Tuesday, May 19, 2015

California Schools get Significant New Funding

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 ​L​ocal ​C​ontrol ​F​unding ​F​ormula 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.

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