Read page6 of introductory section.
It answers most of questions I have about school funding.
“School Districts in California are either Community Funded, also known as Basic Aid, or
State Funded, also known as Local Control Funding Formula (LCFF) funded. LCFF districts are
those that do not have sufficient local property taxes to meet the minimum state funding level. The
State provides the balance needed to meet that level. These districts have little concern about
revenue from property taxes because their funding is back‐filled by the State.
Palo Alto Unified School District is a Community Funded school district. Approximately 100
of the 1,000 school districts in the State, including PAUSD, have local property tax revenues that
result in dollars per Average Daily Attendance (ADA) that exceed the Local Control Funding
Formula (LCFF). These districts, under current state law, are allowed to keep all of their property
tax revenue. The result is an extremely high degree of dependence on local property taxes”
In case of CUSD, although property tax comprises 62% of its revenue (page5), it is still a revenue limit school district (ie LCFF funded school, meaning guaranteed budget based on #_of_students are larger than property tax revenue). On the other hand, PAUSD is community funded school (meaning guaranteed budget based on #_of_students are smaller than property tax revenue and school district is allowed to keep all of their property tax revenue in excess of guaranteed budget). Thus, PAUSD budget per student can be larger than CUSD.
Cupertino is not as wealthy as people think.