San Francisco Mayor Gavin Newsom last week gave in to calls to share more of the city’s rainy-day fund with the San Francisco Unified School District.
Newsom agreed to give $23 million, or 25%, of the $92 million rainy-day fund to the district to prevent teacher layoffs next year. The mayor previously said the city could legally pay just $11.5 million to the schools. The district is trying to close a $51 million shortfall in its budget. In fiscal 2008-2009, the city gave the district $19.2 million from the fund.