COMMUNITY PREPARATORY ACADEMY – EPA ACCOUNT
FY 2015-16 Education Protection Account Spending Plan
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.
In FY 2015-16, Community Preparatory Academy is projected to receive approximately $15,000.00. The spending plan for CPA allocates these funds to support teacher salaries.
These funds will be allocated to support teacher salaries.
FY 2014-15 Education Protection Account Spending Plan
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