By Ian Hanigan
The Board of Education voted to certify IUSD’s Second Interim Report as “positive” this week, meaning the district expects to meet all of its financial obligations for the current year and two subsequent years.
That may have been a given, but it’s been a while since the state economic outlook was this rosy.
Prior to the board’s vote on Tuesday night, Assistant Superintendent of Business Services John Fogarty outlined the impacts of Governor Jerry Brown’s new K-12 funding model and shared some very encouraging revenue projections.
“The governor’s proposal provides a very strong investment in education (and) the greatest increase in per-pupil spending that we’ve seen in over a decade, since 2000-2001,” Fogarty told board members. “So not only are we coming out of some very bad years, but we’re coming out in a big, strong way.”
The 2012 passage of Proposition 30 and an improving state economy have led to the robust revenue forecasts, which are key to implementing the governor’s Local Control Funding Formula, also known as the LCFF.
Intended to channel more funds toward students with greater needs, the LCFF begins with a base level of funding that is the same for all districts, though the amount allocated per student …read more
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