schools is not nearly as rigorous. in fact, schools don t even need to have a cut from their allocation from the state in order to draw from the rainy day reserve. they just have to be below a formula that specifies what the cost of living adjustment should be. the cost of living adjustment for the school is rather generous compared to the c.p.i., for example, consumer price index. so the schools have been able to withdraw from the rainy day reserve 25% of the balance in the reserve. so the first year was $19 million withdrawal and $25, 6 and and then we re budgeting $6 million in next year s budget and $5 million in the subsequent year s budget from the rainy day reserve and in fact the school district will deplete the reserve. don t think the city will have funding from that source. miss zmuda from the rainy day reserve for the school district to access the 25% of what s remaining in the fund, wasn t it tied to significant layoffs or there s some language, as i recall, so
schools is not nearly as rigorous. in fact, schools don t even need to have a cut from their allocation from the state in order to draw from the rainy day reserve. they just have to be below a formula that specifies what the cost of living adjustment should be. the cost of living adjustment for the school is rather generous compared to the c.p.i., for example, consumer price index. so the schools have been able to withdraw from the rainy day reserve 25% of the balance in the reserve. so the first year was $19 million withdrawal and $25, 6 and and then we re budgeting $6 million in next year s budget and $5 million in the subsequent year s budget from the rainy day reserve and in fact the school district will deplete the reserve. don t think the city will have funding from that source. miss zmuda from the rainy day reserve for the school district to access the 25% of what s remaining in the fund, wasn t it tied to significant layoffs or there s some language, as i recall, so
miss zmuda from the rainy day reserve for the school district to access the 25% of what s remaining in the fund, wasn t it tied to significant layoffs or there s some language, as i recall, so you sewed cola but is there some language that ties it to lay jotches in the layoffs in the school system? it does require that we measure what the per-pupil spending is, and we look at that for the future and it is based on a cost of living adjustment that is established by the state that is applicable only to schools. the school district does not have to have layoffs for the school to withdraw from the reserve, although i know there have been layoffs and certainly many pink slips over the years. so the total allocation to the schools over time, you see on the bottom line here, 44 million this year growing to 46 in the next two years. even though we have pulled the trigger, we re still increasing allocation because of the growth of revenue. and the total over the nine-year period
district will deplete the reserve. don t think the city will have funding from that source. miss zmuda from the rainy day reserve for the school district to access the 25% of what s remaining in the fund, wasn t it tied to significant layoffs or there s some language, as i recall, so you sewed cola but is there some language that ties it to lay jotches in the layoffs in the school system? it does require that we measure what the per-pupil spending is, and we look at that for the future and it is based on a cost of living adjustment that is established by the state that is applicable only to schools. the school district does not have to have layoffs for the school to withdraw from the reserve, although i know there have been layoffs and certainly many pink slips over the years. so the total allocation to the schools over time, you see on the bottom line here, 44 million this year growing to 46 in the next two years. even though we have pulled the trigger, we re still inc
well deserving groups saying, a little bit of extra money now. and wloo what do we do with that? it s a shame but at the end of the day, there s only a limited amount of money. i just want to point out up with of the ways $3.5 million is another day at school. $3.5 million educates 56,000 children. it pays one more day teachers that have had their positions cut. and it saves parents from figuring out another day of childcare. it seppeds a message san francisco really values families here. and as a final note, i want to point out 100% of the local measures that have been voted on to fund schools passed. 100%. not one failed. there s a very chlor message from the constituency of san francisco that we value the public schools. if there is extra money and given back to the district, i hope it will be done. thank you very much. appreciate it. thank you very much. supervisor mar: next speaker, mr. mckenzie. thank you, commissioners and supervisors. i m dennis mckenzie. i have b