San Francisco Unified School District has until Dec. 15 to submit a budget-balancing plan to state regulators. (Kevin N. Hume/S.F….

San Francisco’s financially strapped public schools stand to receive $123.4 million after the California Supreme Court on Wednesday upheld a 2018 ballot measure to boost educator pay.

The court denied a final appeal challenging Proposition G, a parcel tax passed by voters in June 2018. The measure did not receive a two-thirds majority vote, which often opens measures up to legal challenges that are later denied.

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