So Cal education, LAUSD, the Cal States and the UCs

L.A. Unified restores cut classroom days and rescinds teacher furloughs for this year

The L.A. Unified school board voted Tuesday to restore five instructional days to the district's calendar and to rescind 10 unpaid days off teachers had agreed to earlier this year. These actions didn't  surprise observers. L.A. Unified and ever other district in the state avoided mid-year state funding cuts after last week’s ballot box victory of Proposition 30.

Prop. 30 hikes state sales and income taxes to raise about $6 billion in revenue for public education. Its failure would have triggered about the same amount in cuts to public schools in the middle of this school year. L.A. Unified, and many other school districts, had  approved cuts just in case.

“To say that people held their breath last week is an understatement,” L.A. Unified Superintendent Deasy said during Tuesday's school board meeting as he briefed administrators.

Read More...

LAUSD Superintendent to ask board to restore lost week of instruction

School Shooting

Nick Ut/AP

After the passage of Prop. 30, Superintendent John Deasy will ask the L.A. Unified school board Tuesday to restore all furlough days and the week of instruction cut from this school year.

Now that Proposition 30 has passed, Superintendent John Deasy will ask the L.A. Unified school board Tuesday to erase teacher furlough days and restore the week of instruction that had been cut from this school year.

During the summer, the district's unions agreed to take 10 furlough days to save millions in payroll costs and to save jobs. According to the agreement, teachers lost five days of instruction, one of two pupil-free days used for professional development, and four paid non-work days, district officials said.

"With their strong support of Proposition 30, the voters of Los Angeles County made it clear they want the LAUSD to do what's best for our youth. Restoring the full calendar and keeping our employees in the schools is a pivotal step in this effort," Deasy said in a statement released Friday.

Read More...

Prop. 30: Fielding questions about income tax

Income Tax Form

Royalty-Free/Corbis/Flickr

A "Concerned Citizen" wants to know more details on how Prop. 30's retroactive change to income tax affects him. Will he be penalized for inaccurate withholdings?

I've received email from a few people concerned about what Prop. 30 means for them. Here's one that I'll share following Wednesday's post on "Prop. 30 has passed, but how do you pay retroactive taxes?"

Hi Tami,

What about individuals like myself who are high-income W2 wage earners and have their state income taxes withheld via each paycheck? I don’t pay quarterlys! I will have underreported with a possible penalty! Mr. Chamberlain didn’t address that! But my guess is that he will be so gracious and not charge a penalty. What if I don’t have that extra cash sitting around?
 
Concerned Citizen 

***

Jay Chamberlain got in touch with the Franchise Tax Board on this one, to make sure we had the right answer. Indeed, the same waiver without penalty applies to the withholding issue as it does for an estimated payment, Chamberlain said. When there's a law change that affects taxes within the same year, the state can waive the additional money that would go into that estimated payment without a penalty — along with the money that would go toward withholdings, Chamberlain said.

Read More...

Prop. 30 has passed, but how do you pay retroactive taxes?

Tax Preparers Help Last-Minute Filers As Tax Deadline Looms

Justin Sullivan/Getty Images

Prop. 30 has passed, and if you make more than $250,000 your income tax will go up - we explain how that's paid. Sales tax will also rise in January.

Now that Prop. 30 has passed, here are some nuts and bolts you need to know about how your income taxes may change this year.

Prop. 30 will increase personal income tax for seven years on Californians earning more than $250,000. It will be implemented retroactively, starting Jan. 1, 2012. Those earning between $250,000 and $300,000 will pay 1 percent more. People making between $300,000 and $500,000 will pay 2 percent more, and people making more than $500,000 will pay 3 percent more in taxes.

But how do you pay retroactive taxes?

I spoke with Jay Chamberlain, chief of financial research at the California Department of Finance. He said that taxpayers, and particularly high-income earners, pay four estimated payments for each tax year. The next estimated payment is due on Jan. 15 for the 2012 tax year.

Read More...

Cal State students in line for tuition refunds after Prop. 30 passes

Adolfo Guzman-Lopez/KPCC

Cal State students woke up Wednesday to news that they'd get refunds on their fees because voters approved Prop. 30 at the polls.

Instead of tuition hikes, Cal State University students woke up to news that they'd receive refunds on their fees because voters approved Prop. 30 at the polls Tuesday, the California State Student Association said in a statement.

Prop. 30 passed with 54 percent of the vote. If it had not, the Cal State system would have been hit with a $250 million trigger cut and students would have experienced a $300 per year tuition increase, the loss of 5,500 course sections and limited fall 2013 enrollment, the student group said. 

Instead, Cal State students will receive an "immediate tuition refund of $249" to maintain tuition at $5,472 a year, the student association said.

The California State Student Association - CSSA - amped up voter registration efforts this summer. It registered 31,372 new student voters on 23 campuses for this election. The organization also sponsored rallies, information sessions and debates.

Read More...