California state controller John Chiang unveiled a
Prop 30, officially called The Schools and Local Public Safety Protection Act of 2012, raises personal income taxes for seven years on taxpayers with incomes of $250,000 or more. It also increases sales taxes by a quarter-cent for four years.
California's Legislative Analyst's Office has estimated that the measure will increase state revenues by about $6 billion annually from fiscal year 2012-13 through 2016-17, with smaller amounts expected in the years following.
Since January 2012, more than $13 billion has been allocated to local education agencies, according to the controller's office.
"This transparency tool was built to help taxpayers monitor every dollar raised, where it was allocated, how it will be spent, and whether it was used in accordance with the law," Chiang said in a statement April 2.
"Promises of appropriate and prudent spending were made to the public and this tool intends to hold the state and its local education officials accountable for keeping them," he said.
The website will show how much each school district, charter school, and community college receives annually from Prop 30, all revenues received by each local education agency, and a detailed breakdown of all expenditures made by local education agencies.
It will also show metrics that measure an agency's financial health, monitor trends and provide audit reports when they are available in 2015.
The website was developed in partnership and based on information provided by the California Community Colleges Chancellor's Office, California Department of Education, California Department of Finance, and the State Treasurer's Office.
