1. LEA /SSD Plans for 2015-2016 for Libertas College Prep
The Education Protection Account Spending Plan was approved by the Libertas College Prep School Governing Board on June 26, 2014. 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.
For more information regarding Libertas College Prep Spending Plan and/or any any state compliance reporting, please contact: