Community colleges: property tax revenues.

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 express the intent of the Legislature to enact legislation to create a community college local revenue backfill funding mechanism as specified. This bill would require the Department of Finance, commencing with the Budget Act of 2013 upon enactment of the annual Budget Act, to prominently post on its Internet Web site the total local property tax revenue, as defined, total fee revenue, as defined, and federal oil and mineral resource and donations revenue for community college districts upon which the General Fund appropriation for community college districts in the annual Budget Act is based. The bill would also require the posting of this data for the Budget Act of 2012, as specified. The bill would require the Chancellor of the California Community Colleges to certify to the Controller, at specified times, the amount of property tax revenue and fee revenue estimated for the current fiscal year and actual property tax revenue and fee revenue for the prior fiscal year. The bill would require the Controller to transfer funds between the General Fund and Section B of the State School Fund, as applicable, based on whether the amount of property tax revenue and fee revenue received, plus any previous amount transferred to Section B of the State School Fund, is greater or less than the amount certified by the chancellor pursuant to this bill as the basis for the community college appropriations in the annual Budget Act. The bill would thereby make an appropriation. To the extent that the funds appropriated by this bill are allocated to community college districts for purposes of the bill, the funds may be applied toward the minimum funding requirements imposed by Section 8 of Article XVI of the California Constitution.