Top-down accountability policies have arguably had very limited impact over the past 20 years. Education stakeholders are now contemplating new forms of bottom-up accountability. In 2013, policymakers in California enacted a community-based approach that creates the Local Control Funding Formula (LCFF) process for school finance to increase flexibility. The reform also seeks to involve stakeholders at the local level by creating a Local Control and Accountability Plan (LCAP). We conducted a statutory analysis of the state's new funding formula in comparison to its predecessor. We also analyze the state's new system of district implementation, support, and intervention. We then discuss the implications of California's reforms for future K-12 funding and accountability policy.