Volume I, No. 10

January 22, 2009

California school finance is in for a wild ride over the next 18 months; Education’s Bottom Line provides information regarding the State Budget along with other pertinent information on issues affecting school districts.  

House Appropriations Committee Passes Stimulus Bill

By David Walrath -- dwalrath@m-w-h.com and Anna Ferrera -- aferrera@m-w-h.com

The $550 billion Federal Stimulus Appropriations bill has passed the House Appropriations Committee and will next be heard by the full House of Representatives. The $275 billion federal tax stimulus bill is in the Ways and Means Committee. more...

PMIB Continues Freeze

By Ernest Silva -- esilva@m-w-h.com

The Pooled Money Investment Board (PMIB) held its meeting on January 16, 2009 and decided to continue the infrastructure freeze.  In addition, the PMIB postponed approving new loan requests.  They will meet again in early February to determine whether sufficient budget action has taken place to reconsider these actions.  more ...

Response to Budget Workshop Questions

By David Walrath -- dwalrath@m-w-h.com

Some school districts have asked which revenue limit and deficit description is better; the School Services of California workshop description or the Budget Perspectives workshop description?  The answer is it depends on your intended audience and how you will use the information.  more ...

If you have any questions on the articles in this newsletter, please contact the author of the article in question.

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Murdoch, Walrath & Holmes (MWH) has been instrumental in shaping statewide policy and implementing regulations for K-12 schools for more than two decades.  Strategic relationships have been forged with the State Administration through agencies such as the Department of Education, the State Allocation Board, the Department of Finance and the Office of Public School Construction and, on the federal level, with key Congressional Members and the Executive Branch.  MWH prides itself on having some of the best minds in K-12 education in virtually all aspects of school fiscal needs. 

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