Summary of LAO Findings and Recommendations on the 2012-13 Budget

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LAO Finding Or
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 Go Back  Proposition 98 Multiyear plan to reduce education obligations Use Governor's January plan as a starting point. To increase likelihood plan is consistently implemented, consider extending the payment period, spreading out payments more evenly, designating settle-up funds be used for mandates or deferrals, and redirecting Quality Education Investment Act program savings to other obligations (with first call to retire Emergency Repair Program obligations). 2-10-12

Detailed Narrative

For more detail, please see the "Paying Down the Wall of Debt" section of The 2012-13 Budget: Proposition 98 Education Analysis.