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Educating for Success <br />~~ <br />SAN LORENZO UNIFIED SCHOOL DISTRICT <br />s~~cE,~ Office of the Assistant Superintendent, Business Services <br />Governor's Budget Propose/for 2008-09 <br />MassivE curs <br />General Features <br />^ Proposes use of remaining Prop. 57 bonds and other one-time funds to limit cuts <br />^ Massive cuts to nearly all State programs, from corrections to State parks, etc., etc. <br />^ Suspension of Proposition 98 <br />K-12 Education <br />^ The Governor proposes to deficit the 4.94% statutory COLA by 6.99%, resulting in a <br />2.4% net reduction in funding for schools. <br />^ Even BIGGER cuts to categorical programs, a 10% deficit resulting in a 6.5% net <br />reduction in funding across categorical programs including Special Education. <br />^ The proposal for 2007-08 mid-year cuts is unclear -hopefully no significant impact ~..? <br />Other Issues <br />^ Federal funding declines in most programs will compound the problems <br />Impact on San Lorenzo USD <br />^ Declining enrollment combined with State funding reductions would <br />result in the largest drop in revenue that the District has experienced <br />o If there were no State funding deficit, District unrestricted General Fund <br />revenues would have increased by $2 million in 2008-09. <br />($2 Million = $3 million for 4.94% COLA minus $1 million due to declining enrollment) <br />o The 6.99% deficit reduces unrestricted General Fund revenue by $5.1 million <br />o The net reduction in unrestricted General Fund revenue is $3.1 million <br />o In addition, categorical programs (e.g., Special Education, Counseling, EIA, <br />SLIBG, etc.) would see funding reductions totaling more than $1 million. <br />Historical Note: The last major State budget problem was in 2003-04. The State deficit <br />was only 3% and the District was not experiencing declining enrollment. <br />The net reduction in unrestricted General Fund revenue was $240,000, <br />The "Good" News <br />^ While the Governor's proposal would result in unpleasant consequences, the District <br />could survive given sufficient cuts in programs and services. <br />^ May Revise to State Budget Proposal -more money?? less money?? same money?? <br />