News Impacting CA School Districts Through July 23

July 23, 2010 by MikeMcMahonAUSD
Filed under: Finances 

Sacramento News

Debt service is now about 6 percent of the state’s $86 billion general fund budget, more than twice what it was a decade ago according to the Legislative Analyst Office. This trend is causing the Governor and the Legislature to consider removing the Water Bond Measure in November and also could reduce the placement of future State school facilities bonds that are used for local school districts for matching purposes.

School District Impacts

The first week of August is the deadline for school boards to place a parcel tax or bond measure on the November ballot. For those school districts considering bond measure they should review the specifics of the measure to avoid nasty accusations from taxpayers. In addition, boards may want to review the bidding process for repairs to roofs to insure a competitive process.


 

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