Have you ever wondered just HOW our schools are funded? A great summary is included in California Redevelopment Association v. Matosantos, handed down this week (December 29, 2011) by the Supreme Court of California.
Justice Werdegar, writing for the Court, ultimately upholds Assembly Bill 1X26 which authorizes the closing of redevelopment agencies in California. The case comes to a contrary opinion regarding Assembly Bill 1X27, a bill which gave a way for redevelopment agencies to remain open so long as they made certain payments.
Here is what Justice Werdegar states (excerpted from the California Redevelopment Association v. Matosantos case directly) in the "Background" section. I particularly like his wording when he says "a second event of seismic significance...," cute considering we are in California!
"A. Government Finance: The Integration of State, School, and Municipal Financing
For more from this case, please see it here.
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