Burst in revenue should accommodate increase beyond COLA for funding formula
Legislative leaders agreed this week that giving schools billions of dollars more in unrestricted funding would be their top priority in negotiations with Gov. Gavin Newsom over next year’s bountiful state budget.
... “Every district needs money across the board – whether suburban, urban or rural – and will all get a 15% increase,” Ting said in introducing the bill Wednesday in a hearing of the Assembly Education Committee, where it drew bipartisan support and passed without dissent. “The funding formula was put in place my first year in the Legislature. It’s time that we reform it and be willing to take a hard look it, especially with the significant increases in our state budget.”