Educational Revenue Augmentation
Fund Contributions
The Educational Revenue Augmentation
Fund ("ERAF") was established as part of the reallocation
of property taxes mandated in Fiscal years 1992-93 and
1993-94 by the State during the State's last budget crisis.
Property taxes were reallocated from counties, cities,
and special districts to school districts via the ERAF,
based on formulas contained in Revenue and Taxation Code
Sections 97.2 and 97.3, thereby reducing State General
Fund allocations to school districts. These reallocations
were made a permanent part of the tax allocation process.
The tax shifts legislated for 1992-93 and 1993-94 are
now referred to as ERAF I and ERAF II. Legislation for
2004-05 created new tax shifts referred to as ERAF III.
Contribution amounts by agency to the ERAF for Fiscal
Years 1997-98 through 2007-08 are presented here by fiscal
year:
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