I had heard rumblings about this from some plugged-in parents when Terry Nagel endorsed Proposition 2, but the word circulated late--or so I thought. The Daily Journal is reporting that the word came later than I thought--the Day After The Election??
The passage of Proposition 2 in November was heralded by supporters for its creation of a state rainy day fund, but language within capping reserves for individual school districts in certain years is generating concern among administrators who contend the money held there helps get through periods of uncertainty.
“Each school district is developing their own Local Control Accountability Plan and within that plan that school district based on their student population develops appropriate goals to realize the best academic outcomes for those kids and that is going to be different from school district to school district,” said Nancy Magee, administrator for board support and community relations at the San Mateo County Office of Education. “In San Mateo County, we still have basic aid school districts funded mostly by property taxes and others are funded through the state and those amounts differ greatly. Economic uncertainty exists for everyone and based on types of academic programs and type of budget they’re working within, it’s important for each school district to decide what their level of reserve should be when they hit not even economic uncertainty, but any type of uncertainty in their programs.”
County Superintendent Anne Campbell and the San Mateo County Board of Education issued a joint statement opposing the cap on district reserves on Nov. 5, the day after the measure was approved by California voters.
So what will be the impact on B'game schools?
For the San Mateo Union High School District, this reserve cap is also bad news for the district that has about a 12 percent reserve. Basic aid school districts, funded by local property taxes, have higher than normal reserves because of the volatility of its revenue, Liz McManus, deputy superintendent of business services, previously said.
“My understanding is there’s going to be modifications to the language in January (2015),” McManus said. “It’s probably not the best time to be reducing reserves.”