San Joaquin

A:

San Joaquin County school districts will have to shed an estimated $187 million when the first dollar goes into Proposition 2's School Account. This will force the reduction of San Joaquin County school districts' local carryover funds from an average of 25% now, to just 5%. The largest district, Stockton Unified, will be allowed just 4%, while most districts can carry only 6% and the smallest ones a bit more.

Compare these allowed carryovers with California Department of Education and Government Finance Officers Association recommendations of a MINIMUM of 15-17% in reserves -- and the state's late payments to schools in all recent fiscal years. San Joaquin County schools will be allowed to carry just $52 million forward.

When the next downturn hits, San Joaquin County districts will have no local cushion. In this last downturn, note that the State had not paid San Joaquin districts $223 million it owed them in June 2012, $143 million in June 2013, and $120 million just this June 30th -- two fiscal years after Prop 30 passed.

Districts would have been unable to fund these internally; instead they would have had to borrow or slash instruction.

San Joaquin County school boards have shown themselves to be financially prudent protectors of their districts' educational stability. Local control of local reserves makes the only sense for San Joaquin's children.

San Joaquin data table

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