If we are reading the laws about school reserves correctly, California’s K-12 schools are being set up for a fall of epic proportions unless schools or the state save much more from surging revenues.

Under conditions likely to be met this year, non-basic aid school districts with more than 2,500 Average Daily Attendance must cap reserves at only 10 percent of expenditures, but 10 percent is just one-sixth of the drop in state revenues — the principal source of school revenues — that DOF forecasts will occur over three years from a stock market decline no greater than the declines…

David Crane

Lecturer at Stanford University and president of Govern For California

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