text_1: "California’s Prop 55 ""prevents $4 billion in new cuts to our schools."
text_2: "The Yes on 55 campaign claimed in recent ads that ""Prop 55 prevents $4 billion in new cuts to our schools."" There would certainly be less money for schools if the tax extension fails. But the advertisements say nothing about the fact that Prop 30 was a temporary measure, and that its revenue was not promised forever. Nor do they mention that school budgets will continue to go up for several years until the Prop 30 revenue runs out after 2018. Supporters of 55 point to an estimated $4 billion school funding deficit by the 2019-2020 fiscal year, if the measure fails. They also cite a separate $4 billion operating shortfall for all its services by the same year. Another respected financial outlook, however, projects a $2 billion operating surplus for California that same year. That estimate paints a very different picture. If the ads had said Prop 55’s failure could lead to eventual school funding hardships, years from now, they would have been more accurate. But they leave the impression that the measure’s failure will lead to deep school cuts much sooner. And that’s not the case."