Your leadership on this matter. I would also like to stress to the School District leadership thats here that while i know you have that while i know that you have had to. Contend with significant budget cuts just want you to know that we are supportive of you and watching and paying attention how you will account for these needs and costs for the budget process in the upcoming year. I will be supporting this item but not the use of Rainy Day Fund to support this program. Thank you. President chiu supervisor farrell. Supervisor farrell thanks, president chiu. Thanks supervisor kim for bringing this forward. I dont think anyone here in the chambers disputes the need for this and you spoke well about it. Ive always sped if youre going to spend dollars spend it on your kids education and i agree with that. I do have a question as well about the source of funding. In terms of Rainy Day Funds not knowing before the school has anticipated Budget Surplus going into this year, pulling it from
Today, you probably will end up having to spend more money. And so thats why i believe that the sooner that we can act,ropiq better. So thank you again to everyone whos worked on this. President chiu supervisor kim. Supervisor kim thank you. I just want to clarify the numbers again. In speaking to the controller, so the appropriation again, and im sorry if i misspoke earlier, its 2,255 million so that does leave the sources at the same amount which is 1,412,000 from our School District set aside funds. This is money that we owe the School District. This is their money. So we are giving them the money that is allocated to them. Were just appropriating it and were asking now for only 843,000 from the state revenue loss reserve fund. I want to respond to a couple of questions brought up about why now. First our semester is beginning in january. So it was important to get this money to the School District so they could begin the programming the first week of school. Our juniors are current
Performing district, we still have a number of young people who are not doing well for whom the system is really failing. And i think that its unacceptable to have the level of achievement gap that we have in San Francisco. And even though money and resources is not the beall, endall it is part of the equation, it is part of the answer. It reality is and i say this as someone who worked at the School District for many years that there is only so much that the administration, that our teachers can do, that our parents can do, without those resources. And so thats why i think this is important, and this is important now. Because i do think that we have a crisis. And the thing about the achievement gap and the low performance of some of these kids is that we also know that the™jpkn gap becomes. And that, you know, to the extent that you wait six months, you wait a year, however the wait might be, that to have the impact then that you can have today, you probably will end up having to sp
In january. So it was important to get this money to the School District so they could begin the programming the first week of school. Our juniors are currently entering their Spring Semester and next year they lo will be seniors inspect we felt it was important to get these programs started the first week the first semester for the juniors. I know were looking at potentially 30 million in cuts of federal request ration but since june 30th weve put money into our fund that means we have 74 million in our Budget Stabilization fund on top of the 15 Million Dollar state reserve loss fund. This was in the memo rereceived this morning from the controllers office. Im not saying that money should come out of here or there, but 9 im saying theres more than the 15 million state reserve fund that were talking about here. So 15 million state reserve fund, we have 74 million in our Budget Stabilization fund. Its hard to imagine why an 800,000 ask is that much from the city, to go towards the progr
J.B. Pritzker on Wednesday signed Illinois' $53.1 billion fiscal year 2025 budget, which includes $198 million for the rainy day fund, among other things.