This is how John Deasy will evaluate L.A. teachers:
y = Xβ Zv ε where β is a p-by-1 vector of fixed effects; X is an n-by-p matrix; v is a q-by-1 vector of random effects; Z is an n-by-q matrix; E(v) = 0, Var(v) = G; E(ε) = 0, Var(ε) = R; Cov(v,ε) = 0. V = Var(y) = Var(y - Xβ) = Var(Zv ε) = ZGZT R
Makes perfect sense.
You can’t cut spending and revenue, then wonder why you still can’t balance your budget.
Well, you can if you’re a Governor.
The easiest way to destroy any program you don’t like politically is to make sure it doesn’t get the funding it needs…