The Governor has agreed to put language in a State Budget Trailer bill that would call for transparency and a cap on local school district budget reserves. Local Budget Transparency would begin with the 2015-16 fiscal year and the cap is triggered when the state begins to put money away in the Proposition 98 “Rainy Day” fund.
We support this because taxpayer dollars need to be spent in our classrooms and on our children not sitting in bank accounts. Parents and communities need to know how much money local school districts are holding back and not spending on our students. Asking for school district transparency on school district reserves is all about local control and accountability for parents and communities.
Wednesday night the Budget Conference Committee voted to place this language in a trailer bill. However, management folks (CSBA, CASBO, ACSA and all other large districts’ management lobbyists) are protesting and very busy calling the Legislature and telling them that this is not fiscally prudent and that a cap on reserves would be a hardship to districts. We all know… that is not true.
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