Senator Dave Cortese's Senate Bill 743 seeks to create an education endowment in California, funded from the state's general fund during surplus years, to alleviate funding disparities among school districts. With Bay Area schools grappling with significant budget deficits, ranging from $20 million to $113 million, closures and layoffs have increased to mitigate these financial issues. Critics highlight that current funding disparities are closely tied to geographic locations, which Cortese's bill aims to tackle amidst the backdrop of federal budget threats under the Trump administration.
"It's a bill that will fix longstanding inequalities in California's public schools," Cortese said Friday. "For too long, where a child lives has determined how much funding the school receives."
The proposed bill comes at a pivotal moment in education in California. Districts across the Bay Area face budget deficits ranging from $20 million to $113 million and have turned to school closures and layoffs to plug holes.
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