By Rachel Raskin-Zrihen
The Vallejo City Unified School District board on Wednesday will consider borrowing money against expected tax revenues to cover any cash flow problems, as well as adopting a resolution to transition to a different type of election system starting in 2020.
California Education Code provides for the Board of Supervisors and County Treasurer to temporarily transfer property tax funds to school districts that lack sufficient money and credit to meet their expenses. The loan comes from property tax revenue the district expects for the 2019-20 fiscal year. The Constitutional Advance allows the district to receive the majority of this revenue prior to the standard December and April transfer time line. If approved by the Solano County Board of Supervisors, the transfer could be available on July 1.