California Legislative Update and Budget Discussion - Jan. 21, 2014
16
Copyright © 2013 Charter School Capital, Inc. Legislative Updates Impacting CA Charter Schools January 21, 2014
-
Upload
charter-school-capital -
Category
Education
-
view
399 -
download
1
description
The Charter School Capital team of panelists, including Chas Cardall, Orrick, Herrington & Sutcliffe, Branche Jones, Legislative Consultant and John Helgeson, Charter School Capital, share information about the recent Legislative Update and Budgeting impacts on California charter schools. Topics include Local Control Federal Funding (LCFF), Local Control and Accountability Plan (LCAP), SBE 837, Prop 98, and "rainy day funds," among others.
Transcript of California Legislative Update and Budget Discussion - Jan. 21, 2014
Copyright © 2013 Charter School Capital, Inc.
Legislative Updates
Impacting CACharter Schools
January 21, 2014
2Copyright © 2013 Charter School Capital, Inc.
WELCOME
• Panelists– Chas Cardall, Orrick, Herrington & Sutcliffe– Branche Jones, Legislative Consultant– John Helgeson, Charter School Capital
Who we are
3Copyright © 2013 Charter School Capital, Inc.
WELCOME
• Overview – State of the state• Budget overview and update for 2014
– Process/timeline review– Approval and impacts
• Accountability• Q & A
Agenda
Copyright © 2013 Charter School Capital, Inc.
Overview and Update
5Copyright © 2013 Charter School Capital, Inc.
STATE OF THE STATE
• Governor’s proposed budget• Transitional kindergarten and universal pre-school• Statewide initiatives• Possible legislation
Overview and Update
Copyright © 2013 Charter School Capital, Inc.
6Copyright © 2013 Charter School Capital, Inc.
Budget
7Copyright © 2013 Charter School Capital, Inc.
BUDGET
• Phases of the plan– Legislative– Regulatory– Build-up– Full implementation
• Base grant funding • Supplemental grant - 20% of Base Grant (counts only once)• Concentration grant• Augmentation
–Class size reduction for K-3–Grades 9-12
A Brief Overview - Local Control Funding Formula
8Copyright © 2013 Charter School Capital, Inc.
BUDGET
Base Grant Progression
K-3 Actual K-3 Proposed
Base Grant Fiscal ‘13 – ‘14 $5,831 -
Fiscal ‘14 – ’15 $5,953 $6,160
Fiscal ’15 – ‘16 $6,074 ?
Fiscal ‘16 – ‘17 $6,196 ?
Fiscal ‘17 – ’18 $6,318 ?
Fiscal ‘18 – ‘19 $6,439 ?
Fiscal ‘19 – ‘20 $6,561 ?
Fiscal ‘20 – ’21 $6,683 ?
Target Base Grant $6,845 $7,012
9Copyright © 2013 Charter School Capital, Inc.
BUDGET
Target Base Rate
K-3 4-6 7-8 9-12
Previous Base $6,845 $6,947 $7,154 $8,289
Proposed Base $7,012 $7,117 $7,328 $8,491
Previous $712 $215
Proposed $729 $221
10Copyright © 2013 Charter School Capital, Inc.
BUDGETP
erc
en
t o
f An
nu
al R
eve
nu
es
Re
ceiv
ed
Ea
ch M
on
th
Fiscal Year 2013 - 2014
11Copyright © 2013 Charter School Capital, Inc.
• “Rainy Day Fund”–Traditional–Prop 98
• Deferral buy-down - $6.4B• LCFF - $4.5B• Common Core - $46.5M• Non classroom-based proposal• Sequester backfill
Additional impacts?
BUDGET
Copyright © 2013 Charter School Capital, Inc.
Accountability
13Copyright © 2013 Charter School Capital, Inc.
ACCOUNTABILITY
• API suspension• AB 484• SBE LCFF Regulations
– Download Local Control and Accountability Plan (LCAP) template• Additional Regulations• SB 837 (Steinberg)
– Requires that each school district or charter school offering kindergarten to also offer transitional kindergarten
– Requires that any child who meets specified minimum age requirements be admitted to transitional kindergarten
• California Attorney General – (view statewide ballot initiatives)• State Board of Education – (view state board regulations)
14Copyright © 2013 Charter School Capital, Inc.
Questions?
15Copyright © 2013 Charter School Capital, Inc.
Thank you.
