Monday, January 13, 2014

Education to get $10B

7:11 PM PST Jan 08, 2014

SACRAMENTO, Calif. —"Gov. Jerry Brown is calling for nearly $10 billion more in education spending in his 2014-15 state budget, which was leaked to the media on Wednesday."

"The $11 billion in debt-reduction includes $6 billion in payments that had been deferred to schools and nearly $4 billion to pay down the so-called economic recovery bonds left over from administration of Gov. Arnold Schwarzenegger."

"In addition to the $3.9 billion boost for K-12 education, by far the largest part of the general fund, the University of California, California State University systems and California Community Colleges will receive a total of $1.1 billion. About half the money would go to the community college system, which is expected to grow rapidly in the next few years."

"In its budget document, the administration said the extra higher education spending should be accompanied by reforms that improve student success and make the institutions run more efficiently."

Other spending includes:

"- $815 million for critical deferred maintenance in state parks, highways, local streets and roads, K-12 schools, community colleges, courts, prisons, state hospitals, and other state facilities."

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