Thousands of California teachers face layoffs and school districts statewide are scrambling for survival under the governor's threat of a $4.8-billion cut in education spending.
But not in Laguna Beach.
That's because the four schools in the 2,900-student district are funded primarily by property taxes collected from the affluent community, essentially insulating it from the state's economic emergency.
Districts become basic aid districts automatically under a formula based on their revenue; the status can fluctuate from year to year depending on property values. "Revenue limit" schools, conversely, receive state aid in addition to local property taxes.