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