New State Funding Formula Damages District Budget

Posted by: Jeffrey Felix 4 years, 2 months ago

New State Funding Formula Damages District Budget

The Governing Board recently heard from staff that the cut in State funding for Coronado Unified has caused a significant structural deficit- an ongoing gap between the revenues we receive and the cost of educating our students.  The small amount of funding being restored under the Local Control Funding Formula (LCFF), the new way the State of California is sending funds to schools, will not be enough to keep up with annual increases in costs or to close the deficit. In fact, the structural deficit is likely to increase.

Community members listening to the report from staff generated ideas as to how we can solve our budget deficit, including solar energy projects with the new Prop 39 energy funding and gauging public opinion via a survey about a potential parcel tax.  In addition, participants asked for more information about the budget situation on a regular basis because they felt that many people in the community saw the great work our teachers do with students, but that the community doesn't really see the budget problem that is here now.  While it was clear that in the last five years the Governing Board has done everything possible to help the district weather the tough financial times, the new Local Control Funding Formula changed the rules, leading to Coronado Unified getting a much smaller share of any restoration funding from the State.

As a means of continuing these budget conversations, the Board agreed to hold two additional Budget Study Sessions on Tuesday, December 3, 2013 and Tuesday, January 7, 2014.  Both will be from 5:00 pm until 6:30 pm, at locations to be determined.  The entire Coronado community is invited to attend. 

 

2012-13

2013-14

2014-15

2015-16

Revenue per Student Attendance (ADA)

($1,500)/ADA vs. 2007-08

+$250/ADA unrestricted

Additional $80/ADA

Additional $110/ADA

State Aid Received vs. 2007-08

($4.5 million)

($3.8 million)

($3.5 million)

($3.2 million)

Structural Deficit

$2.1 million

$3.0 million

$3.3 million

$3.6 million