Can loans help pay for California schools?

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They're baaack. Well, not exactly. Lawmakers might consider a plan to call everyone back to Sacramento to discuss the state's need for a short term $7 billion loan, according to the Sacramento Bee.

Because of the credit crunch and less state revenues Gov. Arnold Schwarzenegger could declare a special session where legislators may look at different ways to make up the budget hole, including cuts to schools.

Scott Plotkin, executive director of the California School Boards Association, said lawmakers "might as well stay home" if they are planning to make up the latest shortfall with cuts alone. His group and other school organizations believe the state should use tax increases to balance the budget.

"If they come back into a special session because revenue projections are in decline for the current year budget, it probably could only mean bad news for schools unless they're inclined to have a conversation about new revenues," Plotkin said.

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This page contains a single entry by Nguyen Huy Vu published on October 7, 2008 10:52 AM.

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