Nan Austin

June 19, 2014 5:49 PM

On Campus: Apparently you can have too much money – will California nix thin next?

Last week June 15, tucked away in a budget trailer bill, the legislature passed language that, if voters pass a rainy day fund initiative in November, would make it illegal for most districts to hold more than 6 percent in reserve, enough to cover less than three weeks’ expenses.

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