Tuesday, June 16, 2015

AB 858 meets SB 1318: LAST YEAR'S BUDGET DEAL HANDCUFFED SCHOOLS, LIMITING RESERVES TO 6 TO 9 DAYS OF PAYROLL FOR AVERAGE DISTRICTS

Reforming school reserve caps crucial to educating our children

  • If reserve cap goes into effect, schools won’t be able to save for major projects, enhancements
  • Senate Bill 858 limits money school districts can hold in reserve accounts (SB858 is current law)
  • Assembly Bill 1318 aims to balance fiscal responsibility, local control, classroom needs, transparency

Read more here: http://www.modbee.com/opinion/opn-columns-blogs/community-columns/article24498583.html#storylink=cpy

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