School funding in California is at record levels:
But school districts are cutting staff and holding down raises. That’s largely because they are subsidizing retirees at the expense of active employees. Eg, San Francisco Unified School District will spend >$40 million this year to subsidize health care spending by retirees and divert nearly $100 million to retirement costs in total, more than double five years ago:
. . .But instead of attacking the diversion, school districts in San Francisco, Marin, and other California counties are seeking higher parcel taxes. They are not disclosing the truth; eg, San Francisco’s truth is buried deep in an obscure report; Pasadena does the same.
View Article