Education Protection Account

With the passage of Proposition 30, which temporarily increases the personal income tax rates for upper-income taxpayers and the sales tax rate for all taxpayers, the state officially established the Education Protection Account (EPA). Revenue generated from the increased taxes are deposited into the EPA and later distributed to districts and charter schools.

While funds from the EPA are part of a district’s or charter school’s general purpose funding, Proposition 30 specifies that EPA funds may not be used for salaries or benefits of administrators or any other administrative costs.

FY 2014-15 Education Protection Account Expenditures

Allocation: $9,490

Expenses:

Teacher Salaries: $9,490
TOTAL: $9,490

FY 2015-16 Education Protection Account Expenditures

Allocation: $36,714

Expenses:

Teacher Salaries: $36,714
TOTAL: $36,714

FY 2016-17 Education Protection Account Spending Plan

In FY 2016-17, EPA funds are estimated to be $90,992. The spending plan for Thrive Public School, approved by the governing board, allocates these funds to support teacher salaries.
For more information, please contact us.

For more information, please contact us at info@thriveps.org.

 

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