Strategic Education Services CEO Dale Shimasaki gave a brief look at what’s happening in Sacramento.
He said expectation is that in May, additional revenues will be seen in the state. Not sure how it will be distributed. If true, it’s likely some money will come into the LCFF. If additional one-time money, it could go to common core implementation and filling mandate reimbursement claims.
Then there’s the education establishment “wish list.” Those things include adult education, career and technical education/ROP and school transportation.
Final note of optimisim…people looking for more school facilities bond funding. Nearly 58 percent of voters would likely approve $8 billion school bond for a future ballot. Question is if there is a water bond as well, and the lobbyist here seems to think voters would have no problem with both.
If not in November, a school bond could come two years from now, he said.
Some other things noted:
- $70 million in unfunded liability
- Creating a Prop. 98 reserve for future recessions. Gov. Brown thinks capital gains taxes could be a source to fill a reserve fund because in good years, those taxes are high. In bad years, not a lot of people earning capital gains.
- Sen. Steinberg has proposed TK for all 4 year olds. The cost of that vs. what else the money could be used for in LCFF is being debated.
- Also, another piece of legislature to allow classified employees to apply for unemployment benefits during the summer months is upcoming.