About Budget Central

State Budget Overview
 
Governor Brown continues towards full implementation of the Local Control Funding Formula (LCFF) by 2020-21 with additional Prop 98 funding, one-time funds for professional development, technology, teacher induction support to beginning teachers, and instructional materials, funding for an Adult Education Block Grant, and funding for a transitional Career Technical Education Incentive Grant Program.
 
The LCFF funding formula provides funding to move all school districts and charter schools toward a system of school finance that allocates similar amounts per student average daily attendance (ADA) as base grants within four grade spans, and provides additional percentage increases, or "weights", for class-size reduction (CSR) in grades Transitional Kindergarten through grade 3, career-technical education (CTE) for grades 9-12, and supplemental/concentration grants on behalf of students that are not English language proficient, who are from low-income families, or who are in foster care.
 
Increased state revenues will be directed towards continued funding of the LCFF in 2015-16, and districts and charter schools will receive a proportional share of this additional funding toward achieving their funding “target” goal as determined under the LCFF calculation. The actual percentage and per-ADA increases for individual school districts and charter schools will vary greatly depending on the unique individual demographics of each district and the LCFF full implementation target. It is estimated that Folsom Cordova will receive an increase of 11.77% or approximately $823 per ADA for the 2015-16 school year.
 
Some categorical programs, such as Child Nutrition and Special Education, remain outside of the new formula and will receive a 1.02% COLA. Pupil transportation and Targeted Instructional Improvement Grants will continue as separate add-ons to the LCFF allocations with no additional funding increases.
 
The proposed budget does not include any funding for a statewide school facilities bond or for increased employer retirement contributions.
 
The District will continue to develop the annual Local Control Accountability Plan (LCAP) and budgets together. We will not only be looking at how much funding is received, but also identifying goals based on priorities for kids. Staff, parents and the community will be invited to participate in the process.
 

 

 


 

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