The K-12 revenue limit formula distributed more than $28 billion in resources to school districts in 2002-03. We document the components of the revenue limit formula and how they affect the distribution of general purpose funds to school districts. We also recommend that the Legislature consolidate most of the existing revenue limit adjustments into one new general purpose grant which would make K-12 funding much easier to understand.
[PDF] Restructuring the K-12 Funding SystemHandout May 17, 2004
[PDF] Proposition 98 May Revision ProposalReport Dec 2, 1983
[PDF] Fiscal Effect of Senate Constitutional Amendment No. 4