In an unexpected development, it appears there may be good news in the school finance arena – for the short term at least. The California Legislative Analyst’s Office has released its projections for next year’s budget based on tax revenues and predicts a large surplus. Keep in mind, however, that the first use for any additional funds would likely be to pay off the deferrals which the state imposed on school districts this year – i.e. paying back the money the state owes to the schools. In ‘remarkable’ turnaround, California schools can expect huge one-time windfall next year, LAO says
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