SB 147: Education finance: education omnibus trailer bill.

This bill aims to improve education finance in California by making several changes to existing laws. The state will establish criteria for reviewing professional development programs that support teaching literacy in transitional kindergarten through 5th grade. Local educational agencies will be required to use these programs to train staff who provide literacy instruction. The bill also modifies the minimum funding obligation for school districts and community college districts, adjusting the amounts allocated to them in the 2022-23 fiscal year. These adjustments will be made over several years, with some funds being recognized for budgetary and financial reporting purposes while others are used to meet the minimum funding obligation. The bill introduces a new data collection system for salary and benefits data for certificated and classified employees, making the data publicly availa…