California Time of Distribution of State Funds to Schools (2014)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
If the initiative qualified for the ballot and was approved by the state's voters, it would have:
- Amended the statutory scheme authorizing distribution and governing timing of payments from the State School Fund, the primary source of annual state funding for schools.
- Beginning July 1, 2015, required a three-fourths majority vote of the California State Legislature to defer payments to schools for more than 30 days, or to amend the statutory scheme in any other way aside from moving up the timing of distributions..
Supporters of the initiative referred to it as the "Fund Schools on Time Act of 2014."
Text of measure
- "Amends the statutory scheme authorizing distribution and governing timing of payments from the State School Fund, the primary source of annual state funding for schools. Beginning July 1, 2015, requires a three-fourths majority vote of the Legislature to defer payments to schools for more than 30 days, or to amend the statutory scheme in any other way aside from moving up the timing of distributions."
Fiscal impact statement:
- "One-time state costs in 2015-16 of up to $5.6 billion to eliminate all existing school payment deferrals. Beginning in 2015-16, more predictable cash flow for schools and lower school borrowing costs. In future years, reduced state flexibility to respond to cash or budgetary problems."
Path to the ballot
- Suzanne Cordingley submitted a letter requesting a ballot title on October 31, 2013.
- A ballot title and ballot summary were issued by the Attorney General of California's office on December 26, 2013.
- 504,760 valid signatures were required for qualification purposes.
- Supporters had until May 27, 2014, to collect and submit the required number of signatures, as petition circulators are given 150 days to circulate petitions.
- The Secretary of State’s suggested signature filing deadline for the November 4, 2014, ballot was April 18, 2014. This means that if supporters had submitted enough valid signatures by May 27 but after April 18, the measure could have been pushed back as far as the next statewide general election, in November 2016.
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