May 31, 2016
By Rebekah Cearley
The next State Allocation Board (SAB) meeting is scheduled for Wednesday, June 22, 2016. For a PDF copy of the May 2016 SAB meeting minutes, please click here.
Tag Archives: New Construction and Modernization
Budget Subcommittees Approve Plan to Delay the Return of Full Maintenance Funding
05/22/15
Under existing law, school districts that participate in New Construction and Modernization programs are required to set aside at least 3% of their annual general fund budget for routine maintenance, for 20 years after receiving state funds. Under Budget Flexibility commencing in 2008-09, this requirement was suspended, but is set to return in 2015-16. Predictably, the result was that school maintenance budgets were the first to be cut and the last to be restored, if they have been restored at all. The Governor’s 2015-16 January State Budget and Proposed May Revision both include the return of the RRMA contribution in 2015-16. Continue reading