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What the $3 billion CalSTRS proposal in the 2019-20 budget means for local schools

About 20 minutes into last week's marathon budget press conference, Gov. Gavin Newsom began discussing the issue of pension cost increases – and was kind enough to name-drop California school board members and CSBA in the process.
 
Watch a clip of Gov. Newsom discussing pension relief (Jan. 10, 2019)
 
“We are adding an additional $3 billion into immediate relief to school districts to address their STRS anxiety…” the Governor said, in a statement met with off-screen applause from Superintendent of Public Instruction Tony Thurmond.

“…Which Tony Thurmond seems enthusiastic about – and if you are a member of a school board, you are enthusiastic about this as well,” the Governor added with a smile. “I will never forget our school boards association meeting, where they almost, quite literally didn’t want to talk about anything else.”

While there are always innumerable issues that CSBA routinely discusses with lawmakers in Sacramento as it comes to improving public education in California (school facilities bonds, charter school transparency, special education, etc.), Gov. Newsom’s statement Thursday was indicative of the persistent and ardent advocacy of CSBA and governing board members statewide regarding the pension contributions issue.

CSBA is resoundingly appreciative of Gov. Newsom’s recognition of the concerns of local education agencies regarding pension costs, and is greatly appreciative of the $3 billion investment in CalSTRS proposed in the 2019-20 budget.

This proposal directly signals that the voice of governing board members statewide has been heard in Sacramento, and that the tireless advocacy efforts of CSBA and its members on this issue is translating to results - this proposal delivers tangible and considerable savings to school districts and county offices of education.