Fully fund K-12 and support early funding of education
My budget includes fully funding the "K through 12" foundation formula. In addition, I've included more than $200 million in new dollars to cover the increased retirement costs for local school districts, so that more local school district dollars get
into the classroom, where the money belongs. We're facing a potential $10 billion PERS/TRS retirement plan shortfall that affects local schools. Our $200 million dollar line item for school districts is part of the half BILLION dollar proposal to help th
districts, local governments and the state alleviate the pension plan burden while we work with the Legislature on a long-term solution. I've also committed to help provide local school districts with more predictability, for better planning by
supporting "early funding of education." I'll introduce a separate education appropriation bill and ask that it's passed. Our local school districts deserve to know what they have to work with early enough for them to create efficiencies through planning
