EdSource Today (5/13, Fensterwald) reports that California Gov. Jerry Brown and state lawmakers agreed to a proposal last week that would reduce the funding the governor had initially requested for a K-12 and community college reserve fund and instead “would divert more money annually into a rainy day fund for general spending.” The article points out that the Legislature may vote on the agreement as soon as this week. In addition, notes the piece, the new proposal may serve to placate “some of the education leaders who opposed the idea of an education reserve, saying it implied that, even in good revenue years, spending for schools is sufficient.”