EdSource Today: First sign of better times for schools under Prop 30

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Deferred payments to California schools and community colleges will fall to their lowest level in five years this academic year, and repayments for previous deferrals is starting sooner than expected. Instead of waiting until January, the state will pay back $1.57 billion it borrowed from K-12 schools next week, and the $300 million owed to community colleges is all scheduled to arrive this Friday rather than half this month and half next.

“It’s yet another indicator that the state’s fiscal condition is continuing to improve,” said State Finance Director Ana Matosantos, giving credit to “a sound budget, diligent debt management, and the passage of Proposition 30.”

via First sign of better times for schools under Prop 30 – by Kathryn Baron.

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