COMMUNITY COLLEGES. FUNDING. GOVERNANCE. FEES.
INITIATIVE CONSTITUTIONAL AMENDMENT AND STATUTE.

• Establishes in state constitution a system of independent public community college districts and Board of Governors.
  
• Generally, requires minimum levels of state funding for school districts and community college districts to be calculated separately, using different criteria and separately appropriated.
• Allocates 10.46 percent of current Proposition 98 school funding maintenance factor to community colleges.
• Sets community college fees at $15/unit per semester; limits future fee increases.
• Provides formula for allocation by Legislature to community college districts that would not otherwise receive general fund revenues through community college apportionment.

SUMMARY OF LEGISLATIVE ANALYST'S ESTIMATE OF NET STATE AND LOCAL GOVERNMENT FISCAL IMPACT:

• Increase in state spending on K–14 education from 2007–08 through 2009–10—averaging about $300 million per year, with unknown impacts annually thereafter.
• Loss of student fee revenues to community colleges—potentially about $70 million annually.