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.
For Lodi Unified School District, it means receiving $9.1 million when it is owed rather than deferring payment to the next fiscal year, said chief business officer Tim Hern.
That's 20 percent of the $45.6 million in deferrals owed by the state.
If the prop failed, Lodi Unified would be facing $12 million in trigger cuts by the state, said Superintendent Cathy Nichols-Washer. Currently, there are no mid-year cuts planned.
Lodi and Galt school boards will give updates at future meetings. All three districts await Gov. Jerry Brown's new budget proposal in January, which could lead to a new formula to fund education based on weighted student attendance numbers.
Contact reporter Sara Jane Pohlman at email@example.com.