California Schools Win as Taxes $4.5 Billion Over Budget
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California’s 6 million public schoolchildren stand to be big winners as a surge in personal-income tax revenue has put the state about $4.5 billion ahead of Governor Jerry Brown’s forecast.
The figure is an estimate of collections for the fiscal year that began July 1 through the end of this month, from the nonpartisan Legislative Analyst’s Office. Since 1988, the state constitution has required that schools get a minimum percentage of the state budget -- currently about half.