INFORMATION ABOUT PROP 30 FUNDING
With the November 2012 passage of Proposition 30, which temporarily increases the personal income tax rates for upper-income taxpayers and the sales tax rate for all taxpayers, the state officially established the Education Protection Account (EPA). Revenue generated from the increased taxes are deposited into the EPA and distributed to districts and charter schools on a quarterly basis.
While funds from the EPA are part of a district’s or charter school’s general purpose funding, Proposition 30 specifies that EPA funds may not be used for salaries or benefits of administrators or any other administrative costs.
In FY 2014-15, EPA funds are estimated to be 11.8% of a school’s total Local Control Funding Formula entitlement. For Citizens of the World Charter Schools Los Angeles’ schools, this equates to:
- Citizens of the World Charter Co (aka CWC Hollywood): $305,799
- Citizens of the World 2 (aka CWC Silverlake): $283,739
- Citizens of the World 3 (aka CWC Mar Vista): $234,077
The spending plan for CWC Hollywood, CWC Silverlake, and CWC Mar Vista allocates these funds to support teacher salaries.