California 2014-15 Budget Highlights for Education

June 19, 2014

All three contributors to retirement benefits for teachers – teachers themselves, the state and school districts – would pay more under the legislation approved this year. Districts would absorb 70 percent of the increase, rising from several hundred million dollars this year to nearly $3.7 billion annually in 2020-21.

Here are the education highlights from the 2014-15 California budget negotiations.

Fiscal year covers July of the year mentioned to June 30 of the next year. Example: fiscal year 2014 is July 1, 2014 to June 30, 2015.

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