Legislature Approves Forward
Funding for Education
April 25, 2007
Tuesday morning the Alaska House of Representatives unanimously
passed legislation to forward fund one of the Legislature's top
priorities, education. Senate Bill 61 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.
"Every member of the Legislature made good on their commitment
to Alaska's school children with this bill," said Senate
Finance Committee Co-Chair Sen. Lyman Hoffman (D - Bethel). "Senator
Bert Stedman and I worked with the House Finance Committee Co-Chair's
Mike Chenault and Kevin Meyer to craft a bill that gives school
administrators some peace of mind about next year's school budget."
"We have been working for a couple of years on a plan to
forward fund education fully," said House Finance Committee
Co-Chair Rep. Mike Chenault (R-Nikiski). "With the declining
revenues forecast on the horizon, this year's surplus provided
the opportunity to show, first and foremost, our commitment to
save funds for education in FY 09."
SB 61 now goes to Governor Sarah Palin for her signature.
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