By John Fensterwald
To even out the boom-and-bust revenue cycles that can particularly destabilize education funding, Gov. Jerry Brown is proposing a separate reserve for K-12 schools and community colleges in his revised plan for a rainy day fund.
But that lock box for education would gather dust most years because of the tight restrictions that Brown is proposing, according to analysts who have looked at the proposal. It would likely be the end of the decade before one of the preconditions for making an initial deposit is met, and even then, the rules for diverting money from Proposition 98, the main source of funding for schools, would be restrictive.