CA could make available up to $52.1 million in total funding for the Oakland and Inglewood school districts over the next four years if they make fiscal changes as part of the education finance bill signed recently by Gov. Brown.
The deal, included in the education trailer bill AB 1840, was proposed by the state’s Department of Finance to help the two districts that are paying back state loans. To get the funds, the Oakland and Inglewood districts will be required to prepare detailed short-term and long-term financial plans and increase their budget reserves. They may also look at options such as selling surplus property to help pay off state loans and consolidating schools to cut costs.