If you add up the cents for CVESD (.29), SUHSD (.188) you will see it comes to less than the 55% school districts are required to get by law (47.8%). The state requires that this difference be made up by taking a part of the city’s and county’s share of the property tax dollar and putting into the Educational Revenue Augmentation Fund (.14). This appears to bring the schools up to 61.8%, but this is because some of the property tax has been diverted to the redevelopment agency and the schools only received less than 20% from these diverted taxes so the fund money coming from regular property tax dollars needs to be higher to make sure the schools get 55% overall. (http://www.californiacityfinance.com/ERAF_facts.pdf)