According to this LA Times article, Governor Schwarzenegger is going to submit a revised budget this Friday that includes "plans to retire a large chunk of the state's debt and boost education funding with more than $5 billion in unexpected revenue from surging tax receipts." On the surface this sounds like a good start to fixing the state's school funding problems (and will likely be far better than Schwarzenegger's May budget revision from last year, where education was almost entirely overlooked), but as always the details will be critical.
[For more on California's school funding issues, see my posts from March (1, 2, 3, 4, 5), April (1, 2), May (1, 2), and June (1) of last year]
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