State Superintendent of Public Education Tom Torlakson discusses the importance of local school board control on school reserves.
Fact Sheet (PDF)
Support Letter - CalTax (pdf)
Senate Bill 590 would repeal Education Code Section 42127.01, which places a cap on the amount of reserves (assigned and unassigned account balances) that a school district is legally able to maintain. By restricting districts’ abilities to save for economic uncertainties, this cap on reserve funds impairs schools’ abilities to budget wisely, and as a result, is harmful to California’s youth.