California will be less late in paying schools, colleges and counties (Mercury News)

December 3, 2012 – California public schools, community colleges and counties will get an early holiday gift from the state: Sacramento will pay about $1.9 billion that it owes them in December, a month earlier than promised. Even better news is that in March the state will pay them on time nearly $1 billion that it was going to defer until April. The adjustments are one of the first tangible benefits from Proposition 30, the governor’s school funding tax that voters passed in November. Neither is really a gift, of course. “It’s something they owed us already,” said Ann Jones, chief business officer of San Jose Unified School District.

Link to Full Article: http://www.mercurynews.com/ci_22102406/sacramento-will-be-less-late-paying-schools-colleges

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s