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Education Protection Account

The California Department of Education's website summarizes the Education Protection Account as follows:

"Proposition 30, The Schools and Local Public Safety Protection Act of 2012, approved by the voters on November 6, 2012, temporarily increases the state’s sales tax rate for all taxpayers and the personal income tax rates for upper-income taxpayers. The revenue generated by the measure’s temporary tax increases is included in the calculations of the Proposition 98 minimum guarantee—raising the guarantee by billions of dollars each year. A portion of the new revenues therefore would be used to support increased school funding, with the remainder helping to balance the state budget."

The new revenues generated from Proposition 30 are deposited into a newly created state account called the Education Protection Account (EPA)."