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Senate panel debates SB 743 to create an equalization reserve targeting underfunded school districts
Summary
SB 743 would establish an 'equalization reserve' to allocate additional dollars to underfunded school districts and begin closing historic funding gaps between property-wealthy and property-poor districts; witnesses stressed large disparities and urged the committee to refine how basic-aid districts are treated.
Sen. Cortese presented SB 743, which would establish an equalization reserve account to provide additional dollars to districts that receive less funding under the state's current property-tax based distribution. The author framed the bill as correcting long-standing funding inequities, saying, "For far too long, where a child lives has determined how much funding their school receives."
Witnesses described large local disparities in per-pupil funding and urged action. Lisa Andrews, CEO of the Silicon Valley Education Foundation, and Glenn Vanderzee, superintendent…
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