What is the Educational Revenue Augmentation Fund (ERAF)?
ERAF is a mechanism; enacted in July of 1992 by the State Legislature to shift local tax revenues from cities, counties, and special districts to a State controlled Education Revenue Augmentation Fund. The state uses this fund to reduce its obligation to the schools. ERAF funds have been used by the State to help school and community college districts meet minimum funding requirements. The amount of the estimated and actual shift for each fiscal year from Tulare County local agencies to ERAF is coming soon to our Reports & Forms page.
