11.07.2012: Election Update
California public education dodged a major bullet with the passage of Proposition 30. California schools will not face the loss of $457 per-pupil, nor will they face the litigation surrounding the budget proposal to include state bond debt in Proposition 98. Additionally, the State Senate and Assembly appear to have a two-thirds Democratic majority. This means passage of the 2014 state school bond is more probable and greater access to local revenues for public schools, such as reducing the vote requirement for parcel taxes to 55%. This will be a high priority for the next legislative session for placement on the November 2014 ballot. Additionally, SSDA will work on restructuring access to local property tax for operational purposes.
Congratulations on protecting public education funding, the base is now more secure then if Proposition 30 failed, but that does not mean there is sufficient revenue to start restoring programs.
On November 8 SSDA will present a webinar "After the Election: Planning for the Next 18 Months." This webinar will go into these and federal election results in much greater detail to assist small school districts in developing their financial plans for the next 18 months. Click here for information and to register.
