|Budget Issue:||K-12 funding restructuring|
|Program:||Finance and Flexibility|
|Finding or Recommendation:||Adopt Governor's budget proposal to begin allocating K-12 funding based on a weighted student formula. Adopt most May Revision modifications to January proposal, but include Targeted Instructional Improvement Grant and Home-to-School Transportation in new formula.|
For more detail on modifications proposed in the May Revision, please see handout May Revision Weighted Student Formula Proposal.
For more detail on January proposal, please see the "Restructuring K-12 Funding System" section of our report, The 2012-13 Budget: Proposition 98 Education Analysis.