Proposition 30, The Schools and Local Public Safety Protection Act of 2012, approved by the voters on November 6, 2012, temporarily increases the states sales tax rate for all taxpayers and the personal income tax rates for upper income taxpayers.
The new revenues generated from Proposition 30 are deposited into a newly created state account called the Education Protection Account (EPA). School districts, county offices of education, and charter schools (LEAs) will receive funds from the EPA based on their proportionate share of the statewide revenue limit amount. A corresponding reduction is made to an LEA’s revenue limit EPA entitlement. LEASs will receive EPA payments quarterly beginning with the 2013-14 Fiscal Year.
Proposition 30 provides that all K-14 local agencies have the sole authority to determine how the funds received from the EPA are spent, but with these provisions:
- The spending plan must be approved by the governing board during a public meeting.
- EPA funds cannot be used for salaries or benefits of administrators or any other administrative costs.
- Each year, the local agency must publish on its website an accounting of how much money was received from the EPA and how the funds were expended.
FY 2016-17 Education Protection Account Expenditures
- Allocation: $42,022
- Teacher Salaries: $42,022
- TOTAL: $42,022
FY 2017-18 Education Protection Account Spending Plan
In FY 2017-18, EPA funds are estimated to be $59,280. The spending plan for Elevate Elementary, [to be] approved by the governing board, will allocate these funds to support teacher salaries..
Click here to read more about the Education Protection Account.Approved by Elevate Board on November 16, 2016.For more information, please contact the school at 858-751-4774.