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Volume I, No. 22
May 13, 2009
Education’s Bottom Line provides information regarding the State Budget along with other pertinent information on issues affecting school districts. Further editions of the Education’s Bottom Line will be sent as conditions warrant.
By David Walrath
The state budget picture is not brightening and will most likely get worse. Whether Propositions 1A, 1B and 1C pass or fail at the May 19th special election, schools should anticipate more cuts and deferrals. more ...
Continuing State Allocation Board Approved Deferrals
By Duwayne Brooks
Department of Finance (DOF) Budget Letter 09-15, dated May 6, 2006, summarizes state bond proceeds by bond act available from the April 28, 2009 sale of state bonds. Public K-12 school projects will receive a total of $1.45 billion to fund Proposition 47, 55, and 1D projects. If the fund disbursement process for the April bond proceeds follows the same timeline as the disbursement process for the March bond proceeds, the April disbursements should occur in early to mid June 2009. more ...
LAO Releases Proposition 98 Tutorial
The Legislative Analyst has released a Proposition 98 tutorial that is user friendly for individuals who want to know how Proposition 98 works but have been put off by the arcane and byzantine terminology used by school finance gurus. Click here to view the tutorial.
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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