| WHAT: |
CSBA will release its Report on School District Reserves, which will provide data and analysis underscoring the risks that threaten the financial solvency of California’s school districts as the legislature starts its new session on December 1.
The recent passage of Proposition 2 triggers trailer bill language limiting the amount school districts can retain in reserves. The first dollar contributed to the state Proposition 98 reserve account will force school districts to bring local reserve balances to arbitrarily imposed levels that could lower bond ratings, limit borrowing ability, and threaten districts’ ability to meet financial obligations, including deferred maintenance, retiree and employee benefits, and school programs.
CSBA continues to advocate for immediate legislative action to repeal the recently enacted statutory limit on district reserves. For more information about CSBA and its efforts to repeal the reserve cap, click here.
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| WHEN: |
Monday, December 1, 2014 at 10:00 am
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| WHERE: |
1011 10th Street, Sacramento, CA 95814
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| WHO: |
Vernon M. Billy, CSBA CEO & Executive Director
Josephine Lucey, CSBA President and Cupertino Union School District board member
Dennis Meyers, CSBA Assistant Executive Director of Governmental Relations
Rob Manwaring, CSBA Consultant and former K-12 Education Director at the California Legislative Analyst’s Office
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| ABOUT CSBA: |
The California School Boards Association (CSBA) is the non-profit education association representing the elected officials who govern public school districts and county offices of education. With a membership of nearly 1,000 educational agencies statewide, CSBA brings together school district governing boards and county boards of education to advocate for effective policies that advance the education and well-being of the state’s more than 6 million school-age children. CSBA provides policy resources and training to members, and represents the statewide interests of public education through legal, political legislative, community and media advocacy. |