Proposition 30, the statewide tax measure backed by Gov. Jerry Brown, will prevent automatic spending cuts to higher education, public schools and other state programs. Failure would have immediately cost City College $10.3 million in state funding, college officials said. The measure needed a simple majority, and clearly surpassed that with 99 percent of state precincts reporting. San Francisco’s Prop. A will assess $79 per parcel on property owners to raise about $14 million a year for the college, expiring in eight years. The measure exceeded the necessary two-thirds vote of approval… The threat of bankruptcy is just one of the critical problems City College faces. The school could be forced to close next year unless it can correct a list of deficiencies and operating problems, including a pattern of overspending, that threaten its accreditation.

Read full article [here].
by Nanette Asimov, The San Francisco Chronicle.

Posted: November 7th, 2012, by: admin. Categories: . Awaiting Comments.