City College of San Francisco got some rare, good financial news Tuesday as local voters approved a parcel tax to benefit the huge school of 86,000 students and state voters approved a tax increase measure for schools that will help steer the college away from bankruptcy.
Administrators, faculty and students have been counting on both measures to keep the college from financial ruin:
-- Proposition 30, the statewide tax measure backed by Gov. Jerry Brown, will prevent automatic spending cuts to higher education, public schools and other state programs. Failure would have immediately cost City College $10.3 million in state funding, college officials said. The measure needed a simple majority, and clearly surpassed that with 99 percent of state precincts reporting.
-- San Francisco's Prop. A will assess $79 per parcel on property owners to raise about $14 million a year for the college, expiring in eight years. The measure exceeded the necessary two-thirds vote of approval.
Read more »