Posted inCalifornia Currents

‘Remarkable’ turnaround: Schools can expect huge one-time windfall next year, LAO says

An uneven recession savaging low-income Californians, but a surprisingly fast economic rebound advantaging higher-income Californians, will create a huge unexpected state budget surplus that will provide an unexpected $13.1 billion in one-time revenue for K-12 schools and community colleges in the fiscal year starting July 1, 2021, the Legislative Analyst’s Office reported on Wednesday. While […]