Gov. Jerry Brown's call for a special legislative session on the state's reserve or "rainy day" fund is placing renewed attention on CTA's efforts to ensure that any special Proposition 98 reserve fund should not come at the expense of classroom spending.
The governor's special session is aimed at creating a plan to help smooth out state spending despite the fluctuation in state revenues, which are disproportionately tied to rapidly changing funding sources, including capital gains taxes on real estate and stocks.
While a ballot measure on the reserve is already headed for the November ballot, the governor is proposing wide-ranging changes aimed at making the reserve proposal more sound.
CTA is tracking the legislative proposals and counterproposals.