Charter Currents: Newsom Proposes 10 Percent LCFF Funding Cut
Published May 14, 2020 16:35
Sacramento, CA—Governor Newsom proposes a 10 percent cut to the Local Control Funding Formula (LCFF), cash deferrals, and accelerated pension relief as part of his May Revision to his January budget proposal.
The proposals are available only in summary form at this time, but highlights (or lowlights, given their very negative impact) include the following:
- Cut funding for the LCFF by 10 percent, presumably after factoring-in the statutory 2.31 percent cost-of-living adjustment (COLA), for a net cut that is in the 7.7 percent range.
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