WATSONVILLE — After five years of cuts that ravaged Pajaro Valley Unified School District to the tune of $18.5 million, the Board of Trustees on Wednesday will hear good financial news, with the district’s budget on an upswing thanks to a new state law, a retooled school funding formula and the apparent end of the most recent recession.
The growing health of PVUSD’s budget also comes thanks to “sound and proactive fiscal policy” on the part of the trustees, said Chief Business officer Brett McFadden.
California voters in November passed Proposition 30, Gov. Jerry Brown’s plan to raise $6 billion for K-12 schools, the UC and CSU systems and community colleges by imposing a series of temporary taxes.
The proposition allowed the district to avoid an estimated $7.6 million in cuts this year.
Earlier this year Brown proposed the Local Control Funding Formula (LCFF), a school funding plan that gives more financial control to districts, and allots more money to those with higher numbers of low-income and English learner students.
The transition to the LCFF marks a shift from the way schools have been funded for more than 40 years, McFadden said.
“The challenging thing about this year’s budget was that the state was moving to an entirely new funding formula,” he said.
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