Will the Governor's budget veto help education funding?

One reason behind Gov. Arnold Schwarzenegger's likely veto of the legislative-approved budget is because of what it would mean to state education dollars.

According to the L.A. Times:

SCHWARZENEGGER: "The way this budget is right now we will need a huge tax increase next year or will have to cut education severely. It's one or the other. That's why I say we should fix the budget this year and realize there's a structural problem, create the extra revenues and then fix the system once and for all so that we have a system in place so that it doesn't happen again. That is the most important thing."

But the State Assembly and the Senate contend deep cuts to education are avoided under the plan, giving schools $58.1 billion, up from last year's $56.7 billion.

The gridlock has nearly reached the historic 80-day mark, forcing nervous school district administrators to dip into their reserves. But California schools superintendent Jack O'Connell agrees the governor should hold off until the budget addresses the state's cash problems.

"The lack of a state budget is causing real pain to businesses, schools, child care providers, and many others. We cannot allow this pain to continue. However, signing a bad budget that shortchanges schools, exacerbates California's fiscal problems, and puts off the day of reckoning would be worse than extending the short-term pain while taking the time now to do the job right.

So what's the right thing to do? Should lawmakers continue the budget standoff until schools are funded correctly or pay for mandated services like special education now?