Local governments: revenue.

Existing law requires the county superintendent of schools to determine a revenue limit for each school district in the county. The amount of a school district's revenue limit funding is determined based, in part, on the number of units of average daily attendance. The Superintendent of Public Instruction is required to apportion to each school district the amount of revenue limit funding calculated pursuant to specified formulas minus, among other things, the amount of property taxes received by the school district. The Joint Exercise of Powers Act authorizes 2 or more public agencies, by agreement, to exercise any power common to the contracting parties.