District administrators not only fret about budget cuts, but about "deferrals." It's the money they're supposed to be getting but it's being used in Sacramento to close budget gaps. Talk about borrowing from Peter to pay Paul.
Doing research for a story I'm writing for tomorrow's paper, I found this cool tool in the web, courtesy of Ed Voice. The database allows you to find out how much the state "deferred" in payments to districts for the 2011-12 school year.
For MPUSD, it was a cool $8 million.
Salinas City Elementary, $10 million.
Salinas Union High, $21 million.
It's money that's owed to the districts, but they can't use it. So they go and borrow, usually with some interest rates attached.Ultimately, it's the taxpayers who foot the bill.
Mmm. Not sure how that will change now that Prop. 30 passed, but will definitely find out.
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