Thursday, May 11, 2006

Weintraub on school funding deal

Here is the Bee's Dan Weintraub on the proposed school funding deal.
From: California Insider

School spending
If the Legislature approves the Schwarzenegger/CTA agreement on education spending, the Prop. 98 numbers will look like this for last year, this year and next year:

2004-05: $47 billion
2005-06: $52 billion
2006-07: $55.1 billlion

That's a huge increase over two years (17 percent) no matter how you count it. But next year's increase will actually be far larger than it appears in these numbers. That's because the $52 billion credited to the current year is actually $50 billion that was already budgeted, plus $2 billion that will go on the books for this year but won't actually arrive until after the next budget is signed. For all practical purposes, then, that's money that will be spent next year. If you adjusted the numbers to reflect that fact, they would look more like this:

2004-05: $47 billion
2005-06: $50 billion
2006-07: $57.1 billion

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