Tustin Public Schools Foundation And Prime Credit Funding In Promotional Partnership With “PrimeStudent” To Donate $100 To Tustin Unified School District Schools For Every Home Loan Funded In Disctrict

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Prime Credit Funding is

committed to supporting local

education.

 

 

  

(Click Here To Find Out More)

(Click Here)

With our PrimeStudent Program, we will donate

$100 to the Tustin Public Schools Foundation for

every home loan we close within the Tustin Unified

School District in 2009.

California State Ballot Measures Needed To Help Solve Budget Crisis And Fund Schools Are Falling Short Of 50% Support In May Special Election

Five state ballot measures aimed at solving California’s budget crisis are falling short of the support needed to pass in the May special election, a sign that voters may force lawmakers into another fierce clash over tax hikes and spending cuts, according to a poll released Wednesday.

The state’s dismal economy has already partly unraveled the budget deal that Gov. Arnold Schwarzenegger and the Legislature reached last month, with a drop in tax collections leaving a new $8-billion shortfall. Rejection of the ballot measures would widen the gap to nearly $14 billion.

The least popular measure, Proposition 1C, is also the one that state leaders are counting on most for immediate fiscal relief: It would let the state borrow $5 billion against future lottery revenues. The cost, to be paid over decades, would be billions in new interest obligations, and less lottery money to meet future spending needs.

The poll by the nonpartisan Public Policy Institute of California found that Proposition 1C would lose in a rout if the May 19 election were held today, with 37% of likely voters in favor and 50% opposed.

Faring slightly better, but still decisively rejected, would be Proposition 1A. It would cap state spending while extending billions in temporary tax hikes for an extra two years. The survey found 39% of likely voters for the measure and 46% against it.

So far, Proposition 1A is the measure that has drawn the most attention. Conservatives on talk radio, enraged by the extension of the tax hikes, have made its defeat a top priority. Some labor unions are weighing whether to campaign against the spending cap.

The dynamics of the special election are volatile, and public opinion could swing dramatically once campaign advertising begins. The poll found more than 10% of likely voters are undecided on most of the ballot measures. Also, voter turnout is likely to be low, and it is unclear what mix of Californians will wind up casting ballots in the oddly timed election.

Passage of each ballot measure requires at least one vote above 50%. Three measures were winning a plurality of support in the poll, but still falling short of the 50% threshold. The poll has a margin of sampling error of three percentage points among likely voters.

The poll found likely voters lukewarm on twin measures to loosen restrictions on money that Californians have dedicated solely to children’s health and mental health programs under previous initiatives.

Both measures, Propositions 1D and 1E, fall a few points short of 50%, but more voters backed them than opposed them.

Voter sentiment was split on Proposition 1B, which puts money into schools in future years to make up for cuts this year, with 44% in favor and 41% opposed. Lawmakers made it part of the ballot package in part to dissuade the state’s potent teachers unions from joining the opposition campaign.

All in all, “the supporters of the propositions have their work cut out for them,” said pollster Mark Baldassare, president of the policy institute.

http://www.latimes.com/news/local/la-me-poll26-2009mar26,0,3460616.story

Orange County School Districts Might Not Receive Much Needed Federal Stimulus Funds As State Of California Would Use Monies To Offset Budget Deficit

California’s independent Legislative Analyst’s Office last week recommended about $3.6 billion more in cuts to public education in the 2009-10 school year, with the intent that federal stimulus money would replace those depleted funds.

“If the state uses the stimulus money to backfill its own coffers, we’re not sure if we will see any of those dollars,” said Renee Hendrick, the Orange County Department of Education’s executive director for business services. “It’s awful. I’m just not sure how districts are going to do it.”

The California Department of Education is anticipated to receive $6 billion in stimulus money through the State Fiscal Stabilization Fund, a pot of money that was presumed to trickle down to school districts and be used to offset their general-fund budget deficits. Education officials also are expecting to receive an additional $2.6 billion earmarked for specific programs.

If the state shaves off $3.6 billion from the stabilization fund, however, school districts will get less than half of the money they were hoping for.

http://www.ocregister.com/articles/education-money-school-2340607-federal-districts