SCHOOL BOARD TO RAISE BUDGET BY BILLION DOLLARS.
Byline: Terri Hardy Daily News Staff Writer
The Los Angeles Unified School District The Los Angeles Unified School District (the "LAUSD") is the largest (in terms of number of students) public school system in California and the second-largest in the United States. Only the New York City Department of Education has a larger student population. 1997-98 budget will be boosted by almost a billion dollars over last year - bringing the spending plan to $5.8 billion, officials said Tuesday.
The windfall windfall
An unexpected profit or gain. An investor holding a stock that increases greatly in price because of an unexpected takeover offer receives a windfall. includes $160 million for reducing class sizes in kindergarten through third grades, almost $366 million in Proposition BB bond money for school repairs and construction, and a substantial increase in matching funds Noun 1. matching funds - funds that will be supplied in an amount matching the funds available from other sources
cash in hand, finances, funds, monetary resource, pecuniary resource - assets in the form of money for building maintenance, boosting the figure from $5 million to almost $19 million.
Employees also will receive a 2.4 percent pay boost and a larger increase is being negotiated for teachers.
``This is a good budget, a solid budget,'' said Chief Financial Officer Henry Jones of the $5.8 billion spending plan.
The Board of Education will vote on the budget Sept. 8 following a public hearing.
The revised $5.8 billion figure is $500 million more than what was expected in May when the Board of Education approved a $5.3 billion budget for 1997-98.
This year, each student will be allocated $5,135, the best funding since pre-recession 1989-90 when each student received $5,161.
This year, Gov. Pete Wilson For others named Pete Wilson, see .
Peter Barton Wilson (born August 23, 1933) is an American Republican politician from California. Wilson served as the thirty-sixth Governor of California (1991–1999), the culmination of more than three decades in the public arena that , agreed to cover more of the cost incurred by districts as they reduce their class sizes. Budget Director Marty Varon said after state funds are received, the district will only have to take an additional $7.9 million from it's general fund to pay for the popular program.
``The governor finally looked at the true cost of the program,'' Varon said.
While amounts have not yet been calculated by the state, the LAUSD LAUSD Los Angeles Unified School District (Los Angeles, CA) will also receive money for a new child care program for welfare recipients and an expanded phonics phonics
Method of reading instruction that breaks language down into its simplest components. Children learn the sounds of individual letters first, then the sounds of letters in combination and in simple words. reading program.