State Obligation to Pay $10.3 Billion in Ongoing Funds to K-12 Schools

The purpose of this memorandum is to provide the Board of Education with backgroundinformation on the state’s prospective restoration of the Proposition 98 maintenance factorobligation. It is important to note that if the state follows current law regarding maintenancefactor payments to schools, the state will start restoring about $220 million in ongoing, annualfunding to the San Diego Unified School District base budget as the economy improves,possibly as early as the 2011/12 budget year.

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