Local schools are pleased that Proposition 30 passed, but officials say it's far from a full solution for a broken California education system. The proposition created temporary taxes to fund education and guaranteed local public safety funding.
The measure will increase taxes on earnings over $250,000 for seven years and sales taxes by a quarter-cent for four years. This is projected to average about $6 billion in revenue annually over the next few years. That money will go to prevent planned spending cuts for the 2012-13 school year. The money will also be available for the state's general fund.