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
In FY 2014-15, EPA funds are estimated to
be 16% of a school’s total general purpose entitlement. Based on
current projections, New Millennium Secondary School’s 14/15 EPA funds
are projected to be $384,713.
These funds will be allocated to support teacher salaries in FY 2014-15.