Alaska Senate makes good on
commitment to forward funds education
April 16, 2007
This morning the Alaska Senate made good on its commitment to
Alaska's school children by forward funding education. The Senate
voted 19-0 for Senate Bill 61. The bill deposits a billion dollars
of surplus general fund revenue into the Public Education Fund
for the fiscal year 2009 operating budget.
Forward funding provides school districts with a firm amount
of money to base their budgets on instead of having to estimate
how much money will be coming from Juneau.
"Education funding is one of the cornerstones of the legislative
process," said Senate President Lyda Green (R - Wasilla).
"What the Senate did today will provide some peace of mind
to school administrators and school board members when they sit
down to write their budgets next year."
"I can't think of a better way to use the surplus revenue
we have on hand now than to put it in the classroom," said
Senate Finance Co-Chair Sen. Bert Stedman (R- Sitka). "What
the Senate did today means teachers and school staff will not
have to worry next year about getting a pink slip and then waiting
to see how much the legislature appropriates to education."
"Everyone agrees saving money for education is the right
thing to do," said Senate Finance Co-Chair Sen. Lyman Hoffman
(D Bethel). "We also know more work needs to be done
on education funding and I'm confident we can make significant
progress on this issue between now and the end of session."
SB 61 now goes to the State House for its consideration.
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