And They Say There's No Inflation

70%, 20%, 10%--add that up and it's big money.  I'd say that's some inflation:

The bailout of the California State Teachers’ Retirement System enacted last year requires a 70 percent increase in pension contributions from school districts, a 20 percent increase from the state general fund and a 10 percent increase in teacher contributions. When the phased-in increases are complete in 2020-21, CalSTRS will get about $5 billion more a year than it now does, putting it on much firmer ground.

But even at a time when school funding has reached an all-time high, districts are apprehensive at having to spend so much more on pensions. This month, their strategy has become clear: establish separate, specific state funding for districts to cover their increased contributions.

If districts have to spend more on pensions there will be less available for raises.

[T]he education establishment expects to use the flexibility and extra dollars provided by the Local Control Funding Formula to pay for the higher pension costs. But that’s not what the change in how schools are funded was supposed to be about, according to its champion, Gov. Jerry Brown. The governor’s website contains a 800-word account of the signing of the LCFF law on July 1, 2013. It depicts the funding change as being solely about getting more help to struggling English-learners, the state’s “neediest students.”

Money doesn't grow on trees.  If you had to bet who would get extra money,  students who don't vote or teachers backed by powerful unions, on whom would you bet?