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Other Budget Issues

Last Updated: 2/10/2012
Budget Issue: Multiyear plan to reduce education obligations
Program: Proposition 98
Finding or Recommendation: Use Governor's January plan as a starting point. To increase likelihood plan is consistently implemented, consider extending the payment period, spreading out payments more evenly, designating settle-up funds be used for mandates or deferrals, and redirecting Quality Education Investment Act program savings to other obligations (with first call to retire Emergency Repair Program obligations).
Further Detail

For more detail, please see the "Paying Down the Wall of Debt" section of The 2012-13 Budget: Proposition 98 Education Analysis.