SFGTV May 19, 2014
Percent of the current balance and the district would receive 25 percent. And then if the say if and when the city in any year where they would make an additional deposit to the reserve then the same per centages would apply. In other words, we would use the funds to avoid lay offs rather than rescinding lay offs and thats proving to be a very process. The second change is who decides whether a draw should be taken. This change would allow the board of education without needing approval to decide to take a draw under certain conditions. The third change is that all of this is subject for the b...