The Orange Mane -  a Denver Broncos Fan Community  

Go Back   The Orange Mane - a Denver Broncos Fan Community > Jibba Jabba > War, Religion and Politics Thread
Register FAQ Members List Calendar Chat Room Mark Forums Read



Reply
 
Thread Tools Display Modes
Old 05-29-2013, 10:05 PM   #26
broncocalijohn
Famer of Rings
 
broncocalijohn's Avatar
 
I said Do It!

Join Date: Oct 2004
Location: Lake Forest, Orange County, Calif.
Posts: 21,603

Adopt-a-Bronco:
Simon Fletcher
Default

Quote:
Originally Posted by elsid13 View Post
Here is Chart C for California:
http://www.dof.ca.gov/budgeting/budg...ts/CHART-C.pdf

General fund is 53% for last budget. My numbers are way closer than the 14% numbers put in this thread. There are also bonds that are attached to education. When you include money outside of the General Fund, the numbers can be higher.

8. How much of the State Budget is required to be spent on Education? What is Proposition 98?
Proposition 98 is an initiative passed in November 1988 and amended in June of 1990 by Proposition 111. It provides a minimum funding guarantee for school districts, community college districts, and other state agencies that provide direct elementary and secondary instructional programs for kindergarten through grade 14 (K14).

The guarantee is based upon prior-year Proposition 98 appropriations, a cost-of-living index, population estimates, changes in per capita personal income, estimated General Fund tax proceeds and various other formulas and tests that result in the calculation of an amount that is required to be appropriated by the State for K14 education. The guarantee varies from year to year and throughout the stages of a fiscal year's budget (from the initial Governor's Budget proposal to actual expenditures) as the various factors change.

The state's share of the guarantee is derived by subtracting local property tax revenues (the local share of the guarantee) from the total guarantee amount. Proposition 98's share of overall General Fund tax proceeds averages about 43 percent. As a percentage of new (additional) General Fund tax revenues, Proposition 98 gets approximately 54 percent, depending upon the factors and tests. For example, for an increase in General Fund tax proceeds of $100 million, Proposition 98 would get about $54 million on the average.
broncocalijohn is offline   Reply With Quote
Old 05-29-2013, 10:24 PM   #27
cutthemdown
A verbis ad verbera
 
cutthemdown's Avatar
 
Zimm to HOF

Join Date: Mar 2006
Location: Long Beach
Posts: 36,493
Default

Calif should be smart and let the oil companies drill. When the spill courts are awarding huge judgements nowdays so go for it I say. We don't even have to risk the coasts because we have a shale oil reserve as big as whats fueling North Dakotas oil boom.

Why not drill, use the oil, make the money? More money means more taxes. More taxes means Obama can invest even more in alternative energy. It should be pedal to the metal on both ends right now IMO. Nothing out there going to cool the Earth. We need some huge projects that will actually reduce co2 and still leave us with adundant energy.
cutthemdown is offline   Reply With Quote
Old 05-29-2013, 10:27 PM   #28
cutthemdown
A verbis ad verbera
 
cutthemdown's Avatar
 
Zimm to HOF

Join Date: Mar 2006
Location: Long Beach
Posts: 36,493
Default

Cracks me up Elsid doesn't live in CA and thinks he can just pull a graph up and that shows the whole picture.

Trust us we spend a ton on education. Thats not even counting the money that comes in from local cities to their local schools.
cutthemdown is offline   Reply With Quote
Old 05-30-2013, 05:37 AM   #29
B-Large
Guest
 

Posts: n/a
Default

Quote:
Originally Posted by 24champ View Post
http://www.nytimes.com/2013/05/26/us...nted=2&hp&_r=0


How should they spend the surplus?

My take is that CA should start putting some of it in a Rainy day fund + reinvestment in public service and education.
Maybe don't spend it, maybe give it back to tax payers?
  Reply With Quote
Reply

Thread Tools
Display Modes



Forum Jump


All times are GMT -7. The time now is 09:31 PM.


Denver Broncos