- Eastern Group Publications/EGPNews - http://egpnews.com -
Gov. Signs Education Funding Bills
Posted By admin On July 4, 2013 @ 5:02 am In Bell Gardens Sun,City Terrace Comet,Commerce Comet,County of Los Angeles,Eastside Sun,Education,ELA Brooklyn Belvedere Comet,General News,Mexican American Sun,Montebello Comet,Monterey Park Comet,Northeast Sun,Vernon Sun,Wyvernwood Chronicle | No Comments
At a Los Angeles ceremony, Gov. Jerry Brown Monday signed into law a school-funding measure aimed at directing additional funds to low-income schools across the state.
Brown, who signed the legislation at Cahuenga Elementary School, called the Local Control Funding Formula legislation “truly revolutionary.”
“We are bringing government closer to the people, to the classroom where real decisions are made and directing the money where the need and the challenge is the greatest,” he said. “This is a good day for California, it’s a good day for school kids and it’s a good day for our future.”
According to Brown’s office, the legislation will adjust the funding
formula for K-12 schools to provide them with more money based on the number of students who are English-learners, foster youth or from low-income families.
The legislation has an initial budget of $2.1 billion.
Brown also signed into law an Assembly bill that will cut tuition at California State University and University of California schools by 40 percent for students whose families earn less than $100,000 a year, and 10 percent for families earning less than $150,000 a year.
Over the last decade, tuition rates have increased by over 190 percent at UCs and about 145 percent at CSUs, according to Assembly Speaker John Perez, D-Los Angeles, who sponsored the Middle Class Scholarship legislation, Assembly Bill 94, which received bipartisan support in the Senate and the Assembly. General Fund revenues, the amount increasing each year until the fund is fully implemented in 2017-18, will be used to pay for the Middle Class Scholarship.
“While today’s deadline for Congress to pass legislation preventing federal student loan rates from doubling has passed, they still have the ability to take action so they don’t compound the already harmful situation where student loan debt now exceeds credit card debt in our country,” according to Assembly Speaker John Perez, D-Los Angeles, who sponsored the legislation. “They should follow California’s lead and take that action to help keep college affordable.”
Article printed from Eastern Group Publications/EGPNews: http://egpnews.com
URL to article: http://egpnews.com/2013/07/gov-signs-education-funding-bills/
Copyright © 2014 Eastern Group Publications, Inc. 5/09 All rights reserved.