OUR MONEY. OUR KIDS.
October 29, 2015
$3.5 BILLION PLAN HIGHLIGHTS
HERE'S WHAT OUR PLAN DOES:
- Ends the lawsuit
- Stops paying lawyers and starts paying teachers
- Gives educators requested resources
- Puts $3.5 billion into schools over 10 years
- Includes additional ongoing sustainable funding
- Maintains our balanced budget
- Doesn't raise taxes
1. STATE LAND TRUST
Our plan maximizes the State Land Trust by increasing the distribution to 6.9% for 10 years, for over $2 billion in new education funding without raising taxes.
Next it increases base funding per student to $3,600 yearly. It commits $50 million more for five years and $75 million for five years after that -- plus new sustainable funding in perpetuity. That brings total K-12 investment to $10 billion annually.
3. FISCAL RESPONSIBILITY
Finally, the plan doesn't raise taxes. And it guarantees safeguards are in place to protect our money in times of economic downturn.
YEARLY EDUCATION FUNDING INCREASE
Pending voter approval, this education funding package puts over $300 million more into classrooms each year so teachers can teach and students can learn.
PERMANENT LAND ENDOWMENT TRUST FUND GAINS
The state land trust will have MORE money in it after 10 years even with increasing the distribution to 6.9 percent for 10 years.