Community colleges: funding study.

The California Constitution requires the state to apply a minimum amount of funding for each fiscal year for the support of school districts and community college districts. The amount of that minimum funding obligation is required to be determined pursuant to one of three tests, depending on specified factors. Existing law requires the Board of Governors of the California Community Colleges, in calculating each community college district's revenue level for each fiscal year, to subtract, among other things, local property tax revenue specified by law for general operating support, exclusive of bond interest and redemption, from the total revenues owed. This bill would require the Legislative Analyst's Office to conduct a study, by July 1, 2011, that calculates the amount of General Fund and property tax revenues allocated to California Community Colleges for the 1989–90 to 2009–10 fiscal years, inclusive. The bill would require the study to analyze which form of revenue provides the most stable funding source for California Community Colleges.