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ERIC Number: ED438592
Record Type: Non-Journal
Publication Date: 1999-Apr-27
Pages: 11
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Equalizing School District Funding: Option for a Sliding Scale COLA. An LAO Report.
Lee, Jannelle
Pursuant to Chapter 156, the Legislative Analyst's Office has developed options for the California Legislature to implement a sliding-scale cost-of-living-adjustment (COLA) as a means of equalizing general purpose funding for school districts. Chapter 156 declares the Legislature's intent to replace the existing "uniform" COLA approach with a sliding-scale COLA as an ongoing mechanism to equalize revenue limits. This report summarizes the history of school finance to establish a context for understanding equalization. It assesses how Chapter 156 affects school district revenue limits and the implications for future revenue-limit equalization. The report discusses what constitutes adequate equalization and describes options for setting equalization goals. Three different sliding-scale COLA options are described, and recommendations are made to the Legislature. Although sliding-scale COLAs provide for faster equalization than the current uniform revenue-limit COLA, they will still take considerable time. If the Legislature wants to achieve its equalization goals more rapidly, this would require supplemental funding for equalization. These ongoing supplemental funds could be provided periodically or on an annual basis, depending on the Legislature's objectives and competing funding priorities.(DFR)
Legislative Analyst's Office, 925 L Street, Suite 1000, Sacramento, CA 95814. Tel: 916-445-2375. For full text: http://www.lao.ca.gov.
Publication Type: Reports - Evaluative
Education Level: N/A
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: California State Legislative Analyst's Office, Sacramento.
Identifiers - Location: California