Budget Act of 2011.

(1) Under existing law, the amount of revenue that a district may collect annually for general purposes, called a revenue limit, is calculated in accordance with various statutory formulas. A basic aid school district is a school district where property tax revenues exceed the revenue limit and the district consequently does not receive a state apportionment. Existing law also expresses legislative intent that basic aid school districts assume categorical funding reductions proportionate to the revenue limit reductions implemented for nonbasic aid school districts in the 2008–09 and 2009–10 fiscal years. Existing law requires calculations to implement the funding reductions, including, in specified circumstances, subtracting an amount determined by multiplying each district's 2011–12 fiscal year total revenue limit, subject to a specified deficit factor and calculated as specified, by 8.92%. This bill would instead require each district's 2011–12 fiscal year total revenue limit to be multiplied by 9.57%. (2) Existing law requires a revenue limit to be calculated for each county superintendent of schools, adjusted for various factors, and reduced, as specified. Existing law reduces the revenue limit for each county superintendent of schools for the 2011–12 fiscal year by a deficit factor of 20.041%. This bill would instead set the deficit factor for each county superintendent of schools for the 2011–12 fiscal year at 20.691%. (3) Existing law requires the county superintendent of schools to determine a revenue limit for each school district in the county and requires the amount of the revenue limit to be adjusted for various factors. Existing law reduces the revenue limit for each school district for the 2011–12 fiscal year by a deficit factor of 19.754%. This bill would instead set the deficit factor for each school district for the 2011–12 fiscal year at 20.404%. (4) Existing law authorized the Director of Finance to make reductions to certain appropriations in the Budget Act of 2011 if the higher of 2 specified revenue forecasts for the 2011–12 fiscal year was less one or both of 2 specified sums. Pursuant to this provision, the Director of Finance is required to reduce the appropriation for home-to-school transportation and small school district transportation that was included in the Budget Act of 2011 by up to $248,000,000. This bill would make an appropriation of $248,000,000 from the General Fund to the State Department of Education, for transfer to Section A of the State School Fund, to restore any funding for home-to-school transportation and small school district transportation for the 2011–12 fiscal year reduced pursuant to this authority. (5) This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.